Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Sold by ABS Direct Equity Fund LLC

ABS Direct Equity Fund LLC decreased its stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 23.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 373,700 shares of the company’s stock after selling 113,700 shares during the quarter. Full Truck Alliance comprises 4.7% of ABS Direct Equity Fund LLC’s holdings, making the stock its 5th largest position. ABS Direct Equity Fund LLC’s holdings in Full Truck Alliance were worth $4,043,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in YMM. Blue Trust Inc. lifted 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 valued at $90,000 after purchasing an additional 5,226 shares during the last quarter. Aigen Investment Management LP purchased a new stake in Full Truck Alliance in the 3rd quarter valued at about $151,000. Scientech Research LLC acquired a new position in Full Truck Alliance in the second quarter valued at about $156,000. Wilmington Savings Fund Society FSB purchased a new position in Full Truck Alliance during the third quarter worth about $207,000. Finally, Vanguard Personalized Indexing Management LLC increased its position in shares of Full Truck Alliance by 29.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 25,969 shares of the company’s stock valued at $209,000 after acquiring an additional 5,847 shares during the last quarter. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Full Truck Alliance Stock Performance

NYSE YMM opened at $11.34 on Tuesday. Full Truck Alliance Co. Ltd. has a one year low of $5.70 and a one year high of $12.47. The firm has a 50 day simple moving average of $10.75 and a 200-day simple moving average of $9.07. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of 26.99 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.