AIA Group Ltd Has $5.97 Million Holdings in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

AIA Group Ltd grew its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 78.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 460,301 shares of the company’s stock after purchasing an additional 202,056 shares during the quarter. AIA Group Ltd’s holdings in Full Truck Alliance were worth $5,970,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. EverSource Wealth Advisors LLC lifted its holdings in Full Truck Alliance by 274.9% in the second quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock valued at $46,000 after buying an additional 2,845 shares during the period. Aquatic Capital Management LLC acquired a new stake in Full Truck Alliance during the 3rd quarter worth $51,000. Shen Neil Nanpeng bought a new stake in shares of Full Truck Alliance during the 3rd quarter valued at $93,000. Headlands Technologies LLC acquired a new position in shares of Full Truck Alliance in the 2nd quarter valued at $111,000. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Full Truck Alliance in the 2nd quarter valued at $118,000. 39.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

YMM has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut Full Truck Alliance from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $11.00 to $8.00 in a research note on Monday, January 12th. Barclays reduced their target price on 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. Daiwa Securities Group lowered Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 target price for the company. in a research report on Friday, March 13th. Morgan Stanley restated an “overweight” rating on shares of Full Truck Alliance in a research report on Thursday, March 12th. Finally, iA Financial set a $8.00 price target on shares of Full Truck Alliance in a research report on Monday, January 12th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $11.43.

Full Truck Alliance Stock Performance

Shares of YMM opened at $8.15 on Thursday. The stock has a 50 day simple moving average of $9.61 and a 200 day simple moving average of $11.33. Full Truck Alliance Co. Ltd. Sponsored ADR has a 52-week low of $8.14 and a 52-week high of $14.07. The firm has a market capitalization of $8.52 billion, a PE ratio of 13.58 and a beta of 0.23.

Full Truck Alliance (NYSE:YMM) last announced its earnings results on Thursday, March 12th. The company reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. The firm had revenue of $456.32 million for the quarter, compared to the consensus estimate of $3.13 billion. Full Truck Alliance had a net margin of 35.22% and a return on equity of 11.33%. Equities research analysts predict that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.46 EPS for the current fiscal year.

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.