Citigroup Inc. Increases Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Citigroup Inc. grew its holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 6.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 483,469 shares of the company’s stock after acquiring an additional 27,303 shares during the period. Citigroup Inc.’s holdings in Full Truck Alliance were worth $4,356,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Tobam purchased a new stake in shares of Full Truck Alliance in the second quarter valued at about $35,000. Blue Trust Inc. acquired a new stake in Full Truck Alliance during the second quarter worth approximately $38,000. Atomi Financial Group Inc. boosted its position in Full Truck Alliance by 12.4% during 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. Aigen Investment Management LP acquired a new stake in Full Truck Alliance during the third quarter worth approximately $151,000. Finally, Scientech Research LLC purchased a new position in Full Truck Alliance during the second quarter worth approximately $156,000. Institutional investors and hedge funds own 39.02% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays cut their price target on shares of 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 raised their target price on shares of Full Truck Alliance from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. One research 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 company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $10.00.

Full Truck Alliance Trading Up 1.5 %

YMM opened at $10.22 on Wednesday. The firm has a market cap of $10.77 billion, a price-to-earnings ratio of 24.33 and a beta of 0.28. Full Truck Alliance Co. Ltd. has a twelve month low of $5.70 and a twelve month high of $10.29. The company has a fifty day simple moving average of $9.15 and a 200 day simple moving average of $8.42.

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.