Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Stake Raised by Alpine Investment Management Ltd

Alpine Investment Management Ltd increased its position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 86.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,444,800 shares of the company’s stock after buying an additional 3,444,800 shares during the period. Full Truck Alliance accounts for about 20.8% of Alpine Investment Management Ltd’s investment portfolio, making the stock its 2nd biggest position. Alpine Investment Management Ltd’s holdings in Full Truck Alliance were worth $79,883,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in shares of Full Truck Alliance by 274.9% in the second quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock worth $46,000 after buying an additional 2,845 shares in the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of Full Truck Alliance in the third quarter worth about $51,000. Banque de Luxembourg S.A. purchased a new stake in shares of Full Truck Alliance in the fourth quarter worth about $44,000. CoreCap Advisors LLC lifted its position in shares of Full Truck Alliance by 2,000.0% in the fourth quarter. CoreCap Advisors LLC now owns 4,200 shares of the company’s stock worth $45,000 after buying an additional 4,000 shares in the last quarter. Finally, Shen Neil Nanpeng purchased a new stake in shares of Full Truck Alliance in the third quarter worth about $93,000. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Full Truck Alliance Stock Performance

YMM stock opened at $8.42 on Friday. The firm has a market cap of $8.77 billion, a PE ratio of 14.76, a PEG ratio of 0.78 and a beta of 0.30. The firm’s 50 day moving average price is $8.63 and its 200-day moving average price is $9.55. Full Truck Alliance Co. Ltd. Sponsored ADR has a one year low of $8.04 and a one year high of $14.07.

Full Truck Alliance (NYSE:YMM) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.01 EPS for the quarter. The firm had revenue of $456.32 million for the quarter. Full Truck Alliance had a net margin of 32.68% and a return on equity of 10.52%. Equities research analysts predict that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on YMM shares. Morgan Stanley reissued an “overweight” rating on shares of Full Truck Alliance in a research note on Thursday, March 12th. Nomura began coverage on Full Truck Alliance in a report on Friday. They issued a “buy” rating for the company. Citigroup restated a “buy” rating on shares of Full Truck Alliance in a report on Monday, April 20th. Bank of America started coverage on Full Truck Alliance in a report on Tuesday, May 5th. They set a “buy” rating and a $11.30 price objective for the company. Finally, JPMorgan Chase & Co. raised Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 target price on the stock in a research report on Wednesday, April 1st. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.76.

Full Truck Alliance 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.