Advisors Asset Management Inc. Sells 3,553 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Advisors Asset Management Inc. lessened its position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 28.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,915 shares of the company’s stock after selling 3,553 shares during the period. Advisors Asset Management Inc.’s holdings in Full Truck Alliance were worth $80,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of YMM. First Beijing Investment Ltd bought a new position in Full Truck Alliance during the third quarter valued at approximately $123,804,000. Polunin Capital Partners Ltd purchased a new position in Full Truck Alliance in the 3rd quarter worth $29,632,000. Sylebra Capital LLC lifted its stake in Full Truck Alliance by 57.9% in the second quarter. Sylebra Capital LLC now owns 8,011,918 shares of the company’s stock worth $64,416,000 after purchasing an additional 2,939,456 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Full Truck Alliance by 1,220.8% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,985,200 shares of the company’s stock valued at $15,961,000 after buying an additional 1,834,900 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Full Truck Alliance during the third quarter valued at about $10,814,000. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Full Truck Alliance Stock Performance

Shares of NYSE:YMM opened at $10.01 on Friday. The firm has a market capitalization of $10.55 billion, a P/E ratio of 23.83 and a beta of 0.23. The stock has a 50 day moving average price of $9.10 and a 200-day moving average price of $8.41. Full Truck Alliance Co. Ltd. has a 52-week low of $5.70 and a 52-week high of $10.29.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Barclays cut their target price on Full Truck Alliance from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Friday, August 23rd. Citigroup lifted their price target on shares of Full Truck Alliance from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $10.00.

Full Truck Alliance Profile

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.