Connor Clark & Lunn Investment Management Ltd. Increases Stock Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Connor Clark & Lunn Investment Management Ltd. boosted its position in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 13.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 102,540 shares of the company’s stock after purchasing an additional 11,894 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Full Truck Alliance were worth $924,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of YMM. First Beijing Investment Ltd purchased a new position in Full Truck Alliance in the third quarter worth about $123,804,000. Polunin Capital Partners Ltd purchased a new position in Full Truck Alliance in the third quarter worth about $29,632,000. Sylebra Capital LLC raised its stake in shares of Full Truck Alliance by 57.9% in the second quarter. Sylebra Capital LLC now owns 8,011,918 shares of the company’s stock worth $64,416,000 after buying an additional 2,939,456 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Full Truck Alliance by 1,220.8% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,985,200 shares of the company’s stock worth $15,961,000 after buying an additional 1,834,900 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Full Truck Alliance in the third quarter worth about $10,814,000. 39.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on YMM. Citigroup raised their price objective on Full Truck Alliance from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Barclays decreased their price objective on 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. One investment 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, the company currently has an average rating of “Buy” and an average target price of $10.00.

Full Truck Alliance Trading Up 0.3 %

Shares of YMM opened at $9.98 on Thursday. The business’s 50 day moving average is $8.95 and its 200 day moving average is $8.38. The company has a market capitalization of $10.51 billion, a PE ratio of 23.64 and a beta of 0.23. Full Truck Alliance Co. Ltd. has a 12-month low of $5.70 and a 12-month high of $10.29.

Full Truck Alliance 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.