Caas Capital Management LP Invests $2.11 Million in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Caas Capital Management LP acquired a new position in Full Truck Alliance Co. Ltd. (NYSE:YMM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 195,371 shares of the company’s stock, valued at approximately $2,114,000. Full Truck Alliance makes up about 0.4% of Caas Capital Management LP’s investment portfolio, making the stock its 18th biggest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of YMM. abrdn plc raised its stake in Full Truck Alliance by 22.6% in the 4th quarter. abrdn plc now owns 22,705 shares of the company’s stock worth $246,000 after acquiring an additional 4,187 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Full Truck Alliance by 3.7% during 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 period. Blue Trust Inc. boosted its holdings in Full Truck Alliance by 109.5% in the 3rd quarter. Blue Trust Inc. now owns 9,999 shares of the company’s stock worth $90,000 after buying an additional 5,226 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in 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 worth $4,910,000 after buying an additional 5,660 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in Full Truck Alliance by 44.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 30,102 shares of the company’s stock worth $272,000 after buying an additional 9,210 shares during the last quarter. Institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Stock Performance

Shares of NYSE:YMM opened at $11.12 on Tuesday. The company has a 50-day simple moving average of $10.95 and a 200-day simple moving average of $9.18. Full Truck Alliance Co. Ltd. has a one year low of $5.70 and a one year high of $12.47. The stock has a market capitalization of $11.71 billion, a price-to-earnings ratio of 26.46 and a beta of 0.25.

Analyst Ratings Changes

Several brokerages have recently weighed in on YMM. Citigroup boosted 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. lowered Full Truck Alliance from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $12.00 to $13.00 in a research report on Wednesday, December 11th.

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.