Connor Clark & Lunn Investment Management Ltd. Purchases 11,894 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Connor Clark & Lunn Investment Management Ltd. boosted its position in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 13.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 102,540 shares of the company’s stock after purchasing an additional 11,894 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Full Truck Alliance were worth $924,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Atomi Financial Group Inc. grew its stake in shares of Full Truck Alliance by 12.4% in the second quarter. Atomi Financial Group Inc. now owns 12,052 shares of the company’s stock worth $97,000 after acquiring an additional 1,329 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Full Truck Alliance by 34.0% in the first quarter. Advisors Asset Management Inc. now owns 13,471 shares of the company’s stock worth $98,000 after acquiring an additional 3,421 shares during the last quarter. Tobam purchased a new stake in shares of Full Truck Alliance in the second quarter worth $35,000. Blue Trust Inc. purchased a new stake in shares of Full Truck Alliance in the second quarter worth $38,000. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Full Truck Alliance by 29.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 25,969 shares of the company’s stock worth $209,000 after acquiring an additional 5,847 shares during the last quarter. 39.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on YMM. 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 increased their price objective on Full Truck Alliance from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Full Truck Alliance has an average rating of “Buy” and an average price target of $10.00.

Full Truck Alliance Price Performance

Full Truck Alliance stock opened at $9.98 on Thursday. Full Truck Alliance Co. Ltd. has a one year low of $5.70 and a one year high of $10.29. The stock has a market capitalization of $10.51 billion, a PE ratio of 23.64 and a beta of 0.23. The business’s fifty day moving average is $8.95 and its 200 day moving average is $8.38.

About Full Truck Alliance

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.