TB Alternative Assets Ltd. Sells 75,700 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

TB Alternative Assets Ltd. lowered its stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 15.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 403,766 shares of the company’s stock after selling 75,700 shares during the quarter. Full Truck Alliance accounts for 1.1% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 19th largest holding. TB Alternative Assets Ltd.’s holdings in Full Truck Alliance were worth $4,369,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Blue Trust Inc. boosted its stake in shares of Full Truck Alliance by 109.5% in the 3rd quarter. Blue Trust Inc. now owns 9,999 shares of the company’s stock worth $90,000 after buying an additional 5,226 shares during the last quarter. Aigen Investment Management LP purchased a new position in Full Truck Alliance in the third quarter worth $151,000. Scientech Research LLC purchased a new position in Full Truck Alliance in the second quarter worth $156,000. Wilmington Savings Fund Society FSB bought a new position in Full Truck Alliance in the 3rd quarter valued at $207,000. Finally, Vanguard Personalized Indexing Management LLC increased its position in shares of Full Truck Alliance by 29.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,969 shares of the company’s stock valued at $209,000 after purchasing an additional 5,847 shares during the last quarter. 39.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered shares of Full Truck Alliance from an “overweight” rating to a “neutral” rating and increased their price target for the company from $12.00 to $13.00 in a research report on Wednesday, December 11th. Citigroup increased their target price on shares of Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th.

Full Truck Alliance Stock Performance

YMM stock opened at $11.26 on Tuesday. Full Truck Alliance Co. Ltd. has a fifty-two week low of $5.70 and a fifty-two week high of $12.47. The stock has a fifty day moving average of $10.46 and a 200-day moving average of $8.95. The company has a market capitalization of $11.86 billion, a price-to-earnings ratio of 26.80 and a beta of 0.25.

About Full Truck Alliance

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.