Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six research firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $14.4286.

Several research analysts have recently weighed in on YMM shares. Morgan Stanley set a $14.00 price objective on shares of Full Truck Alliance in a research note on Monday. Weiss Ratings reissued a "buy (b-)" rating on shares of Full Truck Alliance in a research report on Wednesday, October 8th. Jefferies Financial Group set a $13.00 price target on Full Truck Alliance in a research report on Monday. Finally, Barclays dropped their price objective on Full Truck Alliance from $13.00 to $12.00 and set an "equal weight" rating for the company in a report on Wednesday.

View Our Latest Analysis on Full Truck Alliance

Hedge Funds Weigh In On Full Truck Alliance

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its position in Full Truck Alliance by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 85,106 shares of the company's stock valued at $1,087,000 after purchasing an additional 1,577 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Full Truck Alliance by 62.1% in the first quarter. Envestnet Asset Management Inc. now owns 80,491 shares of the company's stock valued at $1,028,000 after buying an additional 30,845 shares during the period. Allianz Asset Management GmbH acquired a new position in shares of Full Truck Alliance in the first quarter valued at approximately $3,097,000. Mawer Investment Management Ltd. bought a new position in Full Truck Alliance in the 1st quarter valued at approximately $3,863,000. Finally, Harvest Fund Management Co. Ltd boosted its position in Full Truck Alliance by 66.1% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 627,958 shares of the company's stock worth $8,019,000 after buying an additional 249,788 shares during the period. Institutional investors own 39.02% of the company's stock.

Full Truck Alliance Price Performance

YMM stock traded up $0.19 during midday trading on Friday, hitting $10.40. The company's stock had a trading volume of 6,264,848 shares, compared to its average volume of 6,548,800. Full Truck Alliance has a twelve month low of $9.16 and a twelve month high of $14.07. The stock has a market capitalization of $10.88 billion, a P/E ratio of 19.62 and a beta of 0.20. The company's fifty day moving average price is $12.71 and its 200 day moving average price is $12.31.

Full Truck Alliance Company 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.

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