Janus Henderson Group PLC Trims Stock Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Janus Henderson Group PLC trimmed its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 27.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,924,957 shares of the company’s stock after selling 3,010,895 shares during the quarter. Janus Henderson Group PLC’s holdings in Full Truck Alliance were worth $71,390,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sylebra Capital LLC increased its holdings in Full Truck Alliance by 57.9% during the second quarter. Sylebra Capital LLC now owns 8,011,918 shares of the company’s stock valued at $64,416,000 after buying an additional 2,939,456 shares during the period. National Bank of Canada FI acquired a new stake in Full Truck Alliance in the second quarter valued at approximately $1,092,000. Acadian Asset Management LLC acquired a new stake in Full Truck Alliance in the second quarter valued at approximately $6,988,000. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Full Truck Alliance by 1,220.8% in 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 acquiring an additional 1,834,900 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Full Truck Alliance in the third quarter valued at approximately $10,814,000. 39.02% of the stock is owned by hedge funds and other institutional investors.

Full Truck Alliance Trading Up 2.9 %

NYSE:YMM opened at $10.56 on Friday. Full Truck Alliance Co. Ltd. has a 12 month low of $5.70 and a 12 month high of $10.57. The firm has a fifty day simple moving average of $9.22 and a 200-day simple moving average of $8.43. The company has a market capitalization of $11.13 billion, a P/E ratio of 25.14 and a beta of 0.28.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. 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. Barclays lowered their price objective on shares of Full Truck Alliance from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Friday, August 23rd.

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.