Tidal Investments LLC Buys Shares of 139,597 Full Truck Alliance Co. Ltd. (NYSE:YMM)

Tidal Investments LLC purchased a new position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 139,597 shares of the company’s stock, valued at approximately $1,258,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new position in Full Truck Alliance during the third quarter worth $207,000. Geode Capital Management LLC increased its holdings in shares of Full Truck Alliance by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 118,404 shares of the company’s stock valued at $1,067,000 after acquiring an additional 4,235 shares during the last quarter. ABS Direct Equity Fund LLC raised its stake in shares of Full Truck Alliance by 36.7% in the 3rd quarter. ABS Direct Equity Fund LLC now owns 487,400 shares of the company’s stock valued at $4,391,000 after acquiring an additional 130,900 shares in the last quarter. Barclays PLC acquired a new stake in Full Truck Alliance in the 3rd quarter worth approximately $3,566,000. Finally, Nomura Asset Management Co. Ltd. boosted its position in Full Truck Alliance by 9.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 5,156,188 shares of the company’s stock worth $46,457,000 after purchasing an additional 444,884 shares during the period. Institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Trading Down 0.1 %

YMM opened at $10.91 on Thursday. The business has a 50 day moving average of $9.56 and a 200-day moving average of $8.58. The stock has a market capitalization of $11.50 billion, a price-to-earnings ratio of 25.98 and a beta of 0.28. Full Truck Alliance Co. Ltd. has a 1-year low of $5.70 and a 1-year high of $12.47.

Analysts Set New Price Targets

YMM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered shares of Full Truck Alliance from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $12.00 to $13.00 in a research report on Wednesday, December 11th. Citigroup lifted their target price on shares of Full Truck Alliance from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Barclays decreased their price target on shares of Full Truck Alliance from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Friday, August 23rd.

Full Truck Alliance Company 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.