Quantbot Technologies LP Acquires 118,321 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Quantbot Technologies LP boosted its holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 4,028.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 121,258 shares of the company’s stock after buying an additional 118,321 shares during the period. Quantbot Technologies LP’s holdings in Full Truck Alliance were worth $1,093,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. First Beijing Investment Ltd acquired a new position in Full Truck Alliance during the 3rd quarter valued at $123,804,000. Sylebra Capital LLC increased its holdings in shares of Full Truck Alliance by 57.9% during the 2nd quarter. Sylebra Capital LLC now owns 8,011,918 shares of the company’s stock worth $64,416,000 after purchasing an additional 2,939,456 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of Full Truck Alliance by 10.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 3,701,028 shares of the company’s stock valued at $33,346,000 after buying an additional 353,891 shares during the last quarter. Polunin Capital Partners Ltd bought a new stake in shares of Full Truck Alliance in the third quarter valued at about $29,632,000. Finally, Hsbc Holdings PLC lifted its stake in shares of Full Truck Alliance by 1.1% in the second quarter. Hsbc Holdings PLC now owns 2,114,149 shares of the company’s stock valued at $16,759,000 after buying an additional 23,915 shares during the period. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Full Truck Alliance Price Performance

Shares of YMM stock opened at $10.01 on Friday. The stock’s fifty day simple moving average is $9.10 and its 200 day simple moving average is $8.41. Full Truck Alliance Co. Ltd. has a one year low of $5.70 and a one year high of $10.29. The firm has a market cap of $10.55 billion, a price-to-earnings ratio of 23.83 and a beta of 0.23.

Wall Street Analyst Weigh In

Several equities analysts have commented on YMM shares. Citigroup upped their price target on Full Truck Alliance from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, November 21st. 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. One analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Full Truck Alliance currently has a consensus rating of “Buy” and an average target price of $10.00.

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.