62,232 Shares in Full Truck Alliance Co. Ltd. (NYSE:YMM) Bought by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 62,232 shares of the company’s stock, valued at approximately $647,000.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. raised its stake in Full Truck Alliance by 109.5% during 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 in the last quarter. Truist Financial Corp acquired a new position in Full Truck Alliance during the fourth quarter worth $143,000. Aigen Investment Management LP acquired a new position in Full Truck Alliance during the third quarter worth $151,000. Savant Capital LLC acquired a new position in Full Truck Alliance during the fourth quarter worth $194,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Full Truck Alliance during the third quarter worth $207,000. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on YMM. Citigroup increased their price objective on Full Truck Alliance from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. lowered Full Truck Alliance from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $12.00 to $13.00 in a research note on Wednesday, December 11th.

Full Truck Alliance Stock Performance

Shares of NYSE:YMM opened at $11.85 on Tuesday. Full Truck Alliance Co. Ltd. has a twelve month low of $5.70 and a twelve month high of $13.03. The firm has a market cap of $12.48 billion, a PE ratio of 28.20 and a beta of 0.25. The business has a fifty day moving average of $11.44 and a 200-day moving average of $9.69.

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.