Burgundy Asset Management Ltd. Buys 62,359 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Burgundy Asset Management Ltd. increased its stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 6.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,053,506 shares of the company’s stock after buying an additional 62,359 shares during the quarter. Burgundy Asset Management Ltd. owned approximately 0.10% of Full Truck Alliance worth $12,442,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. ABN Amro Investment Solutions bought a new position in shares of Full Truck Alliance in the 2nd quarter valued at about $1,962,000. Prudential PLC raised its holdings in shares of Full Truck Alliance by 29.3% in the 2nd quarter. Prudential PLC now owns 105,812 shares of the company’s stock valued at $1,250,000 after purchasing an additional 23,981 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Full Truck Alliance by 9.0% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,314 shares of the company’s stock valued at $311,000 after purchasing an additional 2,168 shares during the last quarter. Alpine Investment Management Ltd bought a new position in Full Truck Alliance during the second quarter worth about $54,303,000. Finally, KADENSA CAPITAL Ltd increased its position in Full Truck Alliance by 185.0% during the first quarter. KADENSA CAPITAL Ltd now owns 1,288,269 shares of the company’s stock worth $16,451,000 after buying an additional 836,189 shares during the last quarter. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on YMM shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Full Truck Alliance in a research report on Wednesday, October 8th. Morgan Stanley set a $14.00 price target on Full Truck Alliance in a report on Monday, November 17th. Jefferies Financial Group set a $13.00 price objective on shares of Full Truck Alliance in a research report on Monday, November 17th. Finally, Barclays dropped their price objective on shares of Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Full Truck Alliance has an average rating of “Moderate Buy” and an average target price of $14.43.

Full Truck Alliance Stock Performance

YMM opened at $11.51 on Friday. The stock has a fifty day moving average of $12.27 and a 200-day moving average of $12.24. The company has a market capitalization of $12.03 billion, a P/E ratio of 21.71 and a beta of 0.21. Full Truck Alliance Co. Ltd. Sponsored ADR has a fifty-two week low of $9.45 and a fifty-two week high of $14.07.

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.