Full Truck Alliance (NYSE:YMM) Price Target Raised to $15.00

Full Truck Alliance (NYSE:YMM) had its price objective boosted by Citigroup from $13.00 to $15.00 in a research report report published on Tuesday,Benzinga reports. Citigroup currently has a buy rating on the stock.

Separately, Barclays reduced their target price on Full Truck Alliance from $9.00 to $7.00 and set an “equal weight” rating for the company in a research report on Friday, August 23rd.

Full Truck Alliance Trading Down 2.2 %

Shares of YMM stock opened at $11.25 on Tuesday. Full Truck Alliance has a 12 month low of $5.70 and a 12 month high of $12.47. The company has a market capitalization of $11.85 billion, a P/E ratio of 26.79 and a beta of 0.28. The stock has a 50 day moving average of $9.47 and a two-hundred day moving average of $8.53.

Institutional Trading of Full Truck Alliance

Institutional investors have recently bought and sold shares of the stock. Atomi Financial Group Inc. raised its stake in Full Truck Alliance by 12.4% during the second quarter. Atomi Financial Group Inc. now owns 12,052 shares of the company’s stock worth $97,000 after acquiring an additional 1,329 shares in the last quarter. Geode Capital Management LLC grew its holdings 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 worth $1,067,000 after purchasing an additional 4,235 shares during the last quarter. Tobam acquired a new stake in shares of Full Truck Alliance during the 2nd quarter worth about $35,000. Blue Trust Inc. bought a new position in Full Truck Alliance during the 2nd quarter valued at about $38,000. Finally, Harvest Fund Management Co. Ltd boosted its position in Full Truck Alliance by 1.0% in the third quarter. Harvest Fund Management Co. Ltd now owns 545,517 shares of the company’s stock valued at $4,910,000 after buying an additional 5,660 shares in the last quarter. Institutional investors and hedge funds own 39.02% of the company’s stock.

About Full Truck Alliance

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.