Hsbc Holdings PLC Has $13.12 Million Position in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Hsbc Holdings PLC lessened its position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 47.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,216,792 shares of the company’s stock after selling 1,120,715 shares during the period. Hsbc Holdings PLC owned approximately 0.12% of Full Truck Alliance worth $13,120,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Schroder Investment Management Group grew its holdings in shares of Full Truck Alliance by 2,789.6% in the 3rd quarter. Schroder Investment Management Group now owns 33,333,051 shares of the company’s stock valued at $432,330,000 after buying an additional 32,179,501 shares during the period. First Beijing Investment Ltd raised its stake in Full Truck Alliance by 73.8% during the 3rd quarter. First Beijing Investment Ltd now owns 68,645,580 shares of the company’s stock worth $890,333,000 after buying an additional 29,150,926 shares during the period. Invesco Ltd. lifted its holdings in Full Truck Alliance by 66.4% during the third quarter. Invesco Ltd. now owns 54,223,349 shares of the company’s stock worth $703,277,000 after acquiring an additional 21,628,993 shares in the last quarter. Capital International Investors bought a new position in Full Truck Alliance during the third quarter worth about $188,227,000. Finally, OLP CAPITAL MANAGEMENT Ltd grew its stake in Full Truck Alliance by 198.7% in the fourth quarter. OLP CAPITAL MANAGEMENT Ltd now owns 15,007,851 shares of the company’s stock valued at $161,034,000 after acquiring an additional 9,983,779 shares during the period. 39.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on YMM. Bank of America began coverage on Full Truck Alliance in a report on Tuesday, May 5th. They set a “buy” rating and a $11.30 price objective on the stock. Nomura set a $11.00 target price on Full Truck Alliance in a research note on Monday, June 15th. Morgan Stanley restated an “overweight” rating on shares of Full Truck Alliance in a report on Thursday, March 12th. Daiwa Securities Group lowered shares of Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price target on the stock. in a research note on Friday, March 13th. Finally, Citigroup reiterated a “buy” rating on shares of Full Truck Alliance in a report on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Full Truck Alliance presently has an average rating of “Moderate Buy” and an average target price of $10.79.

Full Truck Alliance Price Performance

YMM opened at $7.55 on Friday. The company has a market capitalization of $7.87 billion, a price-to-earnings ratio of 13.24, a P/E/G ratio of 0.69 and a beta of 0.30. The business’s 50-day moving average price is $8.56 and its two-hundred day moving average price is $9.32. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1 year low of $7.53 and a 1 year high of $14.07.

Full Truck Alliance (NYSE:YMM) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.01 earnings per share for the quarter. Full Truck Alliance had a return on equity of 10.52% and a net margin of 32.68%.The company had revenue of $456.32 million during the quarter. Sell-side analysts anticipate that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.69 earnings per share 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.