Vanguard Group Inc. increased its position in Full Truck Alliance Co. Ltd. (NYSE:YMM – Free Report) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,527,565 shares of the company’s stock after buying an additional 163,328 shares during the period. Vanguard Group Inc.’s holdings in Full Truck Alliance were worth $178,948,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in YMM. Barometer Capital Management Inc. purchased a new stake in shares of Full Truck Alliance during the 4th quarter worth approximately $122,000. Aigen Investment Management LP bought a new position in shares of Full Truck Alliance during the 4th quarter valued at approximately $202,000. Virtu Financial LLC purchased a new stake in Full Truck Alliance during the 4th quarter valued at $203,000. abrdn plc lifted its position in Full Truck Alliance by 11.1% in the fourth quarter. abrdn plc now owns 34,748 shares of the company’s stock worth $244,000 after buying an additional 3,473 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Full Truck Alliance by 216.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,451 shares of the company’s stock worth $403,000 after buying an additional 39,302 shares during the period. 39.02% of the stock is owned by institutional investors.
Full Truck Alliance Trading Up 1.7 %
Shares of YMM opened at $8.16 on Thursday. Full Truck Alliance Co. Ltd. has a 1-year low of $5.70 and a 1-year high of $9.68. The company has a 50-day moving average of $8.77 and a 200 day moving average of $7.55.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. Barclays increased their target price on shares of Full Truck Alliance from $6.00 to $9.00 and gave the company an “equal weight” rating in a research note on Friday, May 24th. Daiwa America raised Full Truck Alliance to a “strong-buy” rating in a research note on Friday, May 10th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Full Truck Alliance presently has a consensus rating of “Buy” and a consensus price target of $9.33.
Get Our Latest Stock Report on Full Truck Alliance
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.
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