Matthews International Capital Management LLC Reduces Holdings in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Matthews International Capital Management LLC lessened its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 37.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,851,438 shares of the company’s stock after selling 1,128,394 shares during the period. Full Truck Alliance makes up about 5.6% of Matthews International Capital Management LLC’s investment portfolio, making the stock its 6th largest holding. Matthews International Capital Management LLC owned 0.18% of Full Truck Alliance worth $24,013,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Exchange Traded Concepts LLC grew its stake in shares of Full Truck Alliance by 0.6% in the third quarter. Exchange Traded Concepts LLC now owns 248,174 shares of the company’s stock worth $3,219,000 after acquiring an additional 1,410 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted 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 worth $311,000 after purchasing an additional 2,168 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Full Truck Alliance by 274.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock valued at $46,000 after purchasing an additional 2,845 shares during the last quarter. Hantz Financial Services Inc. increased its stake in Full Truck Alliance by 642.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,784 shares of the company’s stock valued at $45,000 after purchasing an additional 3,274 shares in the last quarter. Finally, Orion Porfolio Solutions LLC raised its holdings in Full Truck Alliance by 47.3% in the second quarter. Orion Porfolio Solutions LLC now owns 18,636 shares of the company’s stock worth $220,000 after buying an additional 5,982 shares during the last quarter. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on YMM. Barclays cut their price target on shares of Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Full Truck Alliance in a research note on Wednesday, October 8th. Jefferies Financial Group set a $13.00 target price on Full Truck Alliance in a report on Monday, November 17th. Finally, Morgan Stanley set a $14.00 price target on Full Truck Alliance in a report on Monday, November 17th. One investment 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.43.

Full Truck Alliance Trading Up 0.6%

Shares of YMM stock opened at $11.17 on Friday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12-month low of $9.45 and a 12-month high of $14.07. The stock has a market capitalization of $11.68 billion, a P/E ratio of 21.07 and a beta of 0.21. The firm’s 50 day moving average is $11.81 and its 200 day moving average is $12.19.

Full Truck Alliance Company Profile

Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.

The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.