Full Truck Alliance (NYSE:YMM) Rating Lowered to “Underweight” at JPMorgan Chase & Co.

Full Truck Alliance (NYSE:YMM) was downgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research report issued on Monday, Marketbeat Ratings reports. They currently have a $8.00 target price on the stock, down from their prior target price of $11.00. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 20.67% from the company’s current price.

Several other brokerages also recently commented on YMM. Weiss Ratings restated a “buy (b-)” rating on shares of Full Truck Alliance in a report on Wednesday, October 8th. Jefferies Financial Group set a $13.00 target price on shares of Full Truck Alliance in a research note on Monday, November 17th. Barclays dropped their price objective on Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 19th. Finally, Morgan Stanley set a $14.00 target price 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, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Full Truck Alliance currently has an average rating of “Moderate Buy” and an average price target of $12.71.

Full Truck Alliance Price Performance

Full Truck Alliance stock opened at $10.09 on Monday. Full Truck Alliance has a fifty-two week low of $9.45 and a fifty-two week high of $14.07. The firm has a market capitalization of $10.55 billion, a price-to-earnings ratio of 19.03 and a beta of 0.22. The company’s 50 day simple moving average is $11.32 and its 200 day simple moving average is $12.09.

Institutional Trading of Full Truck Alliance

Several large investors have recently bought and sold shares of YMM. CoreCap Advisors LLC grew its holdings in shares of Full Truck Alliance by 2,000.0% during the 4th quarter. CoreCap Advisors LLC now owns 4,200 shares of the company’s stock valued at $45,000 after purchasing an additional 4,000 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Full Truck Alliance by 534.0% during the fourth quarter. SG Americas Securities LLC now owns 1,146,420 shares of the company’s stock valued at $12,301,000 after purchasing an additional 965,601 shares in the last quarter. Tuttle Capital Management LLC grew its holdings in shares of Full Truck Alliance by 194.8% during the fourth quarter. Tuttle Capital Management LLC now owns 38,711 shares of the company’s stock worth $415,000 after purchasing an additional 25,579 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Full Truck Alliance by 36.9% in the fourth quarter. Nordea Investment Management AB now owns 2,326,558 shares of the company’s stock valued at $25,080,000 after buying an additional 627,118 shares during the period. Finally, Union Bancaire Privee UBP SA raised its holdings in Full Truck Alliance by 42.5% in the 4th quarter. Union Bancaire Privee UBP SA now owns 196,686 shares of the company’s stock valued at $1,930,000 after buying an additional 58,624 shares during the last quarter. 39.02% of the stock is owned by institutional investors and hedge funds.

About Full Truck Alliance

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.