Wilmington Savings Fund Society FSB Buys Shares of 23,000 Full Truck Alliance Co. Ltd. (NYSE:YMM)

Wilmington Savings Fund Society FSB purchased a new position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 23,000 shares of the company’s stock, valued at approximately $207,000.

Several other institutional investors have also modified their holdings of YMM. Geode Capital Management LLC increased its holdings in Full Truck Alliance by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 118,404 shares of the company’s stock worth $1,067,000 after purchasing an additional 4,235 shares in the last quarter. ABS Direct Equity Fund LLC boosted its position in shares of Full Truck Alliance by 36.7% during the third quarter. ABS Direct Equity Fund LLC now owns 487,400 shares of the company’s stock worth $4,391,000 after buying an additional 130,900 shares during the period. Barclays PLC bought a new position in shares of Full Truck Alliance during the third quarter worth about $3,566,000. Nomura Asset Management Co. Ltd. raised its position in Full Truck Alliance by 9.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 5,156,188 shares of the company’s stock valued at $46,457,000 after buying an additional 444,884 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Full Truck Alliance in the 3rd quarter valued at approximately $3,525,000. Institutional investors own 39.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on YMM. Barclays lowered their price objective on shares of Full Truck Alliance from $9.00 to $7.00 and set an “equal weight” rating on the stock in a report on Friday, August 23rd. JPMorgan Chase & Co. lowered shares of 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. Finally, Citigroup increased their price objective 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 Performance

Full Truck Alliance stock opened at $10.91 on Thursday. The stock has a 50-day simple moving average of $9.56 and a 200 day simple moving average of $8.58. The stock has a market capitalization of $11.50 billion, a P/E ratio of 25.98 and a beta of 0.28. Full Truck Alliance Co. Ltd. has a 52 week low of $5.70 and a 52 week high of $12.47.

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.