Maple Brown Abbott Ltd Buys 60,100 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Maple Brown Abbott Ltd lifted its holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 104.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,472 shares of the company’s stock after purchasing an additional 60,100 shares during the quarter. Full Truck Alliance accounts for approximately 0.2% of Maple Brown Abbott Ltd’s investment portfolio, making the stock its 15th biggest holding. Maple Brown Abbott Ltd’s holdings in Full Truck Alliance were worth $1,271,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Alkeon Capital Management LLC lifted its position in shares of Full Truck Alliance by 3.9% in the third quarter. Alkeon Capital Management LLC now owns 24,276,570 shares of the company’s stock valued at $218,732,000 after buying an additional 921,820 shares during the last quarter. First Beijing Investment Ltd bought a new position in shares of Full Truck Alliance in the third quarter valued at about $123,804,000. Bamco Inc. NY boosted its holdings in shares of Full Truck Alliance by 1.2% during the 3rd quarter. Bamco Inc. NY now owns 10,405,899 shares of the company’s stock worth $93,757,000 after buying an additional 125,853 shares during the period. Sylebra Capital LLC raised its holdings in Full Truck Alliance by 57.9% in the 2nd quarter. Sylebra Capital LLC now owns 8,011,918 shares of the company’s stock valued at $64,416,000 after acquiring an additional 2,939,456 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its position in Full Truck Alliance by 9.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 5,156,188 shares of the company’s stock worth $46,457,000 after acquiring an additional 444,884 shares during the last quarter. Institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Stock Up 2.1 %

YMM opened at $11.52 on Monday. The stock has a market cap of $12.13 billion, a PE ratio of 27.42 and a beta of 0.25. Full Truck Alliance Co. Ltd. has a twelve month low of $5.70 and a twelve month high of $12.47. The company has a fifty day moving average of $10.70 and a 200-day moving average of $9.05.

Analyst Ratings Changes

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

Full Truck Alliance Company 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.