Perpetual Ltd Cuts Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Perpetual Ltd lessened its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 4.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,786,969 shares of the company’s stock after selling 77,490 shares during the quarter. Perpetual Ltd owned 0.17% of Full Truck Alliance worth $19,335,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. lifted its stake in Full Truck Alliance by 109.5% in the third quarter. Blue Trust Inc. now owns 9,999 shares of the company’s stock worth $90,000 after acquiring an additional 5,226 shares during the last quarter. Aigen Investment Management LP purchased a new stake in Full Truck Alliance during the 3rd quarter worth about $151,000. Scientech Research LLC acquired a new position in shares of Full Truck Alliance during the 2nd quarter worth about $156,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Full Truck Alliance during the 3rd quarter worth about $207,000. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in Full Truck Alliance by 29.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 25,969 shares of the company’s stock worth $209,000 after purchasing an additional 5,847 shares during the last quarter. 39.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on YMM shares. JPMorgan Chase & Co. lowered shares of Full Truck Alliance from an “overweight” rating to a “neutral” rating and increased their price target for the company from $12.00 to $13.00 in a research note on Wednesday, December 11th. Citigroup lifted their price target on shares of Full Truck Alliance from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th.

Full Truck Alliance Stock Up 0.6 %

NYSE:YMM opened at $11.26 on Tuesday. The company has a market capitalization of $11.86 billion, a PE ratio of 26.80 and a beta of 0.25. Full Truck Alliance Co. Ltd. has a 52-week low of $5.70 and a 52-week high of $12.47. The stock’s 50 day moving average price is $10.46 and its 200 day moving average price is $8.95.

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.