Bamco Inc. NY Increases Stock Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Bamco Inc. NY increased its position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 1.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,405,899 shares of the company’s stock after purchasing an additional 125,853 shares during the quarter. Bamco Inc. NY owned approximately 0.99% of Full Truck Alliance worth $93,757,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. First Beijing Investment Ltd purchased a new position in shares of Full Truck Alliance in the 3rd quarter worth approximately $123,804,000. Polunin Capital Partners Ltd bought a new stake in Full Truck Alliance during the third quarter worth $29,632,000. Sylebra Capital LLC boosted its position in 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 purchasing an additional 2,939,456 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Full Truck Alliance by 1,220.8% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,985,200 shares of the company’s stock valued at $15,961,000 after purchasing an additional 1,834,900 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Full Truck Alliance during the 3rd quarter valued at $10,814,000. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Stock Performance

YMM stock opened at $10.01 on Monday. The stock has a fifty day moving average of $9.10 and a 200-day moving average of $8.41. Full Truck Alliance Co. Ltd. has a fifty-two week low of $5.70 and a fifty-two week high of $10.29. The company has a market capitalization of $10.55 billion, a price-to-earnings ratio of 23.83 and a beta of 0.28.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Barclays cut their price target on shares of Full Truck Alliance from $9.00 to $7.00 and set an “equal weight” rating on the stock in a report on Friday, August 23rd. Citigroup boosted their target price on shares of Full Truck Alliance from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Full Truck Alliance has a consensus rating of “Buy” and a consensus target price of $10.00.

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.