Robeco Institutional Asset Management B.V. Lowers Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 6.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,457,258 shares of the company’s stock after selling 243,770 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Full Truck Alliance were worth $37,408,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in YMM. Blue Trust Inc. lifted its holdings in shares of Full Truck Alliance by 109.5% during the 3rd 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 bought a new stake in Full Truck Alliance during the third quarter worth about $151,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Full Truck Alliance in the 3rd quarter worth about $207,000. Crossmark Global Holdings Inc. increased its position in shares of Full Truck Alliance by 44.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 30,102 shares of the company’s stock valued at $272,000 after purchasing an additional 9,210 shares during the last quarter. Finally, American Century Companies Inc. purchased a new position in shares of Full Truck Alliance during the 2nd quarter valued at about $289,000. 39.02% of the stock is currently owned by institutional investors.

Full Truck Alliance Price Performance

Shares of Full Truck Alliance stock opened at $11.68 on Friday. Full Truck Alliance Co. Ltd. has a one year low of $5.70 and a one year high of $12.47. The business’s 50 day simple moving average is $10.88 and its two-hundred day simple moving average is $9.12. The stock has a market capitalization of $12.30 billion, a P/E ratio of 27.80 and a beta of 0.25.

Wall Street Analysts Forecast Growth

YMM has been the subject of several research reports. Citigroup upped their target price 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 shares of Full Truck Alliance from an “overweight” rating to a “neutral” rating and increased their target price for the company from $12.00 to $13.00 in a report on Wednesday, December 11th.

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.