Capital Wealth Planning LLC Buys Shares of 128,935 Full Truck Alliance Co. Ltd. (NYSE:YMM)

Capital Wealth Planning LLC bought a new stake in Full Truck Alliance Co. Ltd. (NYSE:YMM) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 128,935 shares of the company’s stock, valued at approximately $1,395,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Alkeon Capital Management LLC grew its stake in 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 purchasing an additional 921,820 shares during the last quarter. First Beijing Investment Ltd purchased a new position in Full Truck Alliance in the third quarter valued at about $123,804,000. Bamco Inc. NY grew its stake in shares of Full Truck Alliance by 1.2% during the third quarter. Bamco Inc. NY now owns 10,405,899 shares of the company’s stock worth $93,757,000 after acquiring an additional 125,853 shares during the last quarter. Empower Harvest Management Services Inc. purchased a new stake in shares of Full Truck Alliance during the fourth quarter worth about $97,058,000. Finally, North of South Capital LLP grew its stake in shares of Full Truck Alliance by 74.8% during the fourth quarter. North of South Capital LLP now owns 5,692,489 shares of the company’s stock worth $61,593,000 after acquiring an additional 2,436,130 shares during the last quarter. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on YMM. Hsbc Global Res upgraded Full Truck Alliance to a “strong-buy” rating in a research note on Wednesday. Citigroup lifted their target price on Full Truck Alliance from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. downgraded Full Truck Alliance from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $12.00 to $13.00 in a report on Wednesday, December 11th. Finally, HSBC began coverage on Full Truck Alliance in a report on Wednesday. They set a “buy” rating and a $18.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $13.25.

Full Truck Alliance Stock Up 0.8 %

Full Truck Alliance stock opened at $11.77 on Friday. Full Truck Alliance Co. Ltd. has a 52 week low of $5.70 and a 52 week high of $13.03. The company has a market capitalization of $12.40 billion, a price-to-earnings ratio of 28.02 and a beta of 0.25. The stock has a 50-day moving average price of $11.49 and a 200 day moving average price of $9.79.

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.