SG Americas Securities LLC Has $7.91 Million Stock Position in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

SG Americas Securities LLC reduced its position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 16.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 952,808 shares of the company’s stock after selling 193,612 shares during the period. SG Americas Securities LLC owned 0.09% of Full Truck Alliance worth $7,908,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

YMM has been the subject of several recent analyst reports. Weiss Ratings downgraded Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Citigroup reaffirmed a “buy” rating on shares of Full Truck Alliance in a research report on Monday, April 20th. Morgan Stanley reiterated an “overweight” rating on shares of Full Truck Alliance in a report on Thursday, March 12th. Bank of America started coverage on Full Truck Alliance in a research report on Tuesday, May 5th. They issued a “buy” rating and a $11.30 price objective for the company. Finally, Nomura set a $11.00 price objective on shares of Full Truck Alliance in a research note on Monday, June 15th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $10.79.

Full Truck Alliance Stock Performance

Shares of YMM opened at $7.71 on Friday. The company has a 50-day simple moving average of $8.54 and a 200-day simple moving average of $9.31. Full Truck Alliance Co. Ltd. Sponsored ADR has a 52 week low of $7.45 and a 52 week high of $14.07. The firm has a market capitalization of $8.03 billion, a P/E ratio of 13.52, a P/E/G ratio of 0.68 and a beta of 0.30.

Full Truck Alliance (NYSE:YMM) last released its earnings results 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 business had revenue of $456.32 million for the quarter. As a group, equities analysts forecast that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.69 earnings per share for the current 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.