E Fund Management Co. Ltd. Has $52.42 Million Stock Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

E Fund Management Co. Ltd. decreased its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 7.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,845,117 shares of the company’s stock after selling 377,761 shares during the period. Full Truck Alliance makes up about 2.6% of E Fund Management Co. Ltd.’s holdings, making the stock its 7th largest holding. E Fund Management Co. Ltd.’s holdings in Full Truck Alliance were worth $52,424,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. abrdn plc lifted its stake in shares of Full Truck Alliance by 22.6% in the 4th quarter. abrdn plc now owns 22,705 shares of the company’s stock valued at $246,000 after acquiring an additional 4,187 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Full Truck Alliance by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 118,404 shares of the company’s stock valued at $1,067,000 after acquiring an additional 4,235 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its stake in shares of Full Truck Alliance by 1.0% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 545,517 shares of the company’s stock valued at $4,910,000 after acquiring an additional 5,660 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Full Truck Alliance in the 4th quarter valued at about $64,000. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of Full Truck Alliance by 44.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 30,102 shares of the company’s stock valued at $272,000 after acquiring an additional 9,210 shares during the last quarter. Institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Stock Performance

YMM stock opened at $13.31 on Thursday. Full Truck Alliance Co. Ltd. has a fifty-two week low of $5.70 and a fifty-two week high of $13.33. The business’s 50 day moving average price is $11.54 and its two-hundred day moving average price is $9.88. The company has a market capitalization of $14.02 billion, a price-to-earnings ratio of 31.68 and a beta of 0.25.

Analysts Set New Price Targets

A number of brokerages recently issued reports on YMM. HSBC began coverage on Full Truck Alliance in a report on Wednesday, February 26th. They set a “buy” rating and a $18.00 price target on the stock. JPMorgan Chase & Co. downgraded Full Truck Alliance from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $12.00 to $13.00 in a report on Wednesday, December 11th. Hsbc Global Res upgraded Full Truck Alliance to a “strong-buy” rating in a report on Wednesday, February 26th. Finally, Citigroup boosted their price target on Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Full Truck Alliance presently has a consensus rating of “Buy” and a consensus target price of $13.25.

Full Truck Alliance 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.