Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Sold by Perpetual Ltd

Perpetual Ltd decreased its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,786,969 shares of the company’s stock after selling 77,490 shares during the period. Perpetual Ltd’s holdings in Full Truck Alliance were worth $19,335,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in YMM. Franklin Resources Inc. lifted its position in Full Truck Alliance by 31.5% during the 3rd quarter. Franklin Resources Inc. now owns 277,966 shares of the company’s stock worth $2,613,000 after acquiring an additional 66,638 shares during the period. Tidal Investments LLC purchased a new position in Full Truck Alliance in the 3rd quarter valued at $1,258,000. Wilmington Savings Fund Society FSB purchased a new position in Full Truck Alliance in the 3rd quarter valued at $207,000. Geode Capital Management LLC raised its position in Full Truck Alliance by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 118,404 shares of the company’s stock worth $1,067,000 after buying an additional 4,235 shares during the last quarter. Finally, ABS Direct Equity Fund LLC raised its position in Full Truck Alliance by 36.7% during the 3rd quarter. ABS Direct Equity Fund LLC now owns 487,400 shares of the company’s stock worth $4,391,000 after buying an additional 130,900 shares during the last quarter. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Stock Up 0.6 %

NYSE:YMM opened at $11.26 on Tuesday. The firm’s fifty day simple moving average is $10.46 and its 200-day simple moving average is $8.95. The stock has a market cap of $11.86 billion, a PE ratio of 26.80 and a beta of 0.25. Full Truck Alliance Co. Ltd. has a fifty-two week low of $5.70 and a fifty-two week high of $12.47.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on YMM shares. Citigroup boosted their price target on shares of 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. cut Full Truck Alliance from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $12.00 to $13.00 in a research report on Wednesday, December 11th.

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.