Bamco Inc. NY Purchases 125,853 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Bamco Inc. NY raised its position in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 1.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,405,899 shares of the company’s stock after purchasing an additional 125,853 shares during the period. Bamco Inc. NY’s holdings in Full Truck Alliance were worth $93,757,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. bought a new stake in shares of Full Truck Alliance during the 2nd quarter valued at about $38,000. China Universal Asset Management Co. Ltd. grew its stake in Full Truck Alliance by 12.1% in the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 350,000 shares of the company’s stock worth $2,814,000 after buying an additional 37,870 shares in the last quarter. WT Asset Management Ltd purchased a new position in Full Truck Alliance in the 2nd quarter worth approximately $909,000. Liontrust Investment Partners LLP purchased a new stake in shares of Full Truck Alliance during the 2nd quarter valued at $5,869,000. Finally, Atomi Financial Group Inc. lifted its holdings in shares of Full Truck Alliance by 12.4% during the 2nd quarter. Atomi Financial Group Inc. now owns 12,052 shares of the company’s stock worth $97,000 after acquiring an additional 1,329 shares during the last quarter. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on YMM. Citigroup increased their target price on Full Truck Alliance from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Barclays decreased their price objective on Full Truck Alliance from $9.00 to $7.00 and set an “equal weight” rating on the stock in a report on Friday, August 23rd. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $10.00.

Full Truck Alliance Stock Up 0.4 %

Shares of NYSE:YMM opened at $10.01 on Monday. The stock has a market cap of $10.55 billion, a PE ratio of 23.83 and a beta of 0.28. The company’s fifty day moving average is $9.10 and its 200 day moving average is $8.41. Full Truck Alliance Co. Ltd. has a 52 week low of $5.70 and a 52 week high of $10.29.

Full Truck Alliance Profile

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.