Harel Insurance Investments & Financial Services Ltd. Trims Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Harel Insurance Investments & Financial Services Ltd. trimmed its position in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 18.8% during the 4th quarter, HoldingsChannel reports. The firm owned 8,507 shares of the company’s stock after selling 1,971 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Full Truck Alliance were worth $92,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Alkeon Capital Management LLC boosted its holdings in shares of Full Truck Alliance by 3.9% in the third quarter. Alkeon Capital Management LLC now owns 24,276,570 shares of the company’s stock worth $218,732,000 after buying an additional 921,820 shares during the last quarter. First Beijing Investment Ltd purchased a new position in shares of Full Truck Alliance during the 3rd quarter worth $123,804,000. Bamco Inc. NY boosted its stake in shares of Full Truck Alliance by 1.2% during the 3rd quarter. Bamco Inc. NY now owns 10,405,899 shares of the company’s stock worth $93,757,000 after acquiring an additional 125,853 shares during the last quarter. Sylebra Capital LLC grew its position 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 valued at $64,416,000 after acquiring an additional 2,939,456 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of Full Truck Alliance by 9.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 5,156,188 shares of the company’s stock worth $46,457,000 after purchasing an additional 444,884 shares in the last quarter. 39.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. downgraded Full Truck Alliance from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $12.00 to $13.00 in a research report on Wednesday, December 11th. Citigroup lifted their price objective on Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th.

Full Truck Alliance Stock Performance

YMM opened at $11.52 on Friday. The stock has a market cap of $12.13 billion, a price-to-earnings ratio of 27.42 and a beta of 0.25. The firm’s fifty day moving average is $10.70 and its 200 day moving average is $9.04. Full Truck Alliance Co. Ltd. has a fifty-two week low of $5.70 and a fifty-two week high of $12.47.

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.