Full Truck Alliance (NYSE:YMM) Stock Rating Upgraded by Hsbc Global Res

Full Truck Alliance (NYSE:YMM) was upgraded by equities research analysts at Hsbc Global Res to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Several other brokerages have also weighed in on YMM. HSBC began coverage on shares of Full Truck Alliance in a research report on Wednesday. They set a “buy” rating and a $18.00 price objective on the stock. JPMorgan Chase & Co. downgraded Full Truck Alliance from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $12.00 to $13.00 in a research note on Wednesday, December 11th. Finally, Citigroup raised their price objective on Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $13.25.

Full Truck Alliance Trading Up 0.6 %

NYSE YMM opened at $11.66 on Wednesday. Full Truck Alliance has a 1-year low of $5.70 and a 1-year high of $13.03. The firm’s fifty day simple moving average is $11.48 and its 200-day simple moving average is $9.74. The company has a market capitalization of $12.28 billion, a PE ratio of 27.75 and a beta of 0.25.

Institutional Trading of Full Truck Alliance

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new position in Full Truck Alliance during the fourth quarter valued at about $64,000. Townsquare Capital LLC bought a new stake in shares of Full Truck Alliance during the fourth quarter valued at approximately $111,000. Wolverine Trading LLC bought a new position in Full Truck Alliance in the fourth quarter worth $115,000. Vise Technologies Inc. acquired a new stake in Full Truck Alliance during the fourth quarter worth $130,000. Finally, Truist Financial Corp bought a new stake in Full Truck Alliance in the 4th quarter valued at $143,000. 39.02% of the stock is currently owned by institutional investors and hedge funds.

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.