Triata Capital Ltd Has $13.09 Million Stock Holdings in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Triata Capital Ltd boosted its position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 107.5% during the third quarter, HoldingsChannel.com reports. The fund owned 1,009,219 shares of the company’s stock after buying an additional 522,800 shares during the quarter. Full Truck Alliance makes up 1.5% of Triata Capital Ltd’s portfolio, making the stock its 13th biggest position. Triata Capital Ltd’s holdings in Full Truck Alliance were worth $13,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its stake in Full Truck Alliance by 274.9% during the second quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock worth $46,000 after purchasing an additional 2,845 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Full Truck Alliance in the 2nd quarter valued at $111,000. Daiwa Securities Group Inc. acquired a new position in shares of Full Truck Alliance during the 2nd quarter worth $118,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Full Truck Alliance during the 3rd quarter worth $142,000. Finally, CI Investments Inc. lifted its position in shares of Full Truck Alliance by 10.7% during the 3rd quarter. CI Investments Inc. now owns 10,924 shares of the company’s stock worth $142,000 after buying an additional 1,052 shares during the last quarter. 39.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Barclays decreased their target price on Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 19th. Morgan Stanley set a $14.00 price target on shares of Full Truck Alliance in a research note on Monday, November 17th. JPMorgan Chase & Co. lowered shares of Full Truck Alliance from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $11.00 to $8.00 in a report on Monday, January 12th. Jefferies Financial Group set a $13.00 price objective on shares of Full Truck Alliance in a research report on Monday, November 17th. Finally, Weiss Ratings downgraded shares of Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $11.83.

Full Truck Alliance Price Performance

NYSE:YMM opened at $9.00 on Friday. Full Truck Alliance Co. Ltd. Sponsored ADR has a one year low of $8.75 and a one year high of $14.07. The company has a market cap of $9.41 billion, a PE ratio of 16.98 and a beta of 0.23. The firm’s 50 day simple moving average is $9.96 and its 200 day simple moving average is $11.53.

Full Truck Alliance Company Profile

Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.

The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.