Wilmington Savings Fund Society FSB Makes New Investment in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Wilmington Savings Fund Society FSB bought a new stake in Full Truck Alliance Co. Ltd. (NYSE:YMM) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 23,000 shares of the company’s stock, valued at approximately $207,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tobam bought a new stake in shares of Full Truck Alliance during the second quarter worth $35,000. Blue Trust Inc. bought a new stake in Full Truck Alliance during the 2nd quarter worth $38,000. Atomi Financial Group Inc. increased its holdings in Full Truck Alliance by 12.4% in the 2nd quarter. Atomi Financial Group Inc. now owns 12,052 shares of the company’s stock worth $97,000 after purchasing an additional 1,329 shares in the last quarter. Aigen Investment Management LP acquired a new position in Full Truck Alliance in the 3rd quarter worth about $151,000. Finally, Scientech Research LLC bought a new position in Full Truck Alliance in the second quarter valued at about $156,000. Institutional investors own 39.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on YMM. JPMorgan Chase & Co. lowered shares of Full Truck Alliance from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $12.00 to $13.00 in a report on Wednesday, December 11th. Citigroup raised their price target on shares of Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Barclays reduced their price objective on shares of Full Truck Alliance from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Friday, August 23rd.

Full Truck Alliance Trading Down 0.1 %

Shares of NYSE YMM opened at $10.91 on Thursday. The firm has a market capitalization of $11.50 billion, a P/E ratio of 25.98 and a beta of 0.28. The firm’s 50-day moving average price is $9.56 and its 200-day moving average price is $8.58. Full Truck Alliance Co. Ltd. has a 1-year low of $5.70 and a 1-year high of $12.47.

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.