Scientech Research LLC purchased a new stake in Full Truck Alliance Co. Ltd. (NYSE:YMM – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 19,439 shares of the company’s stock, valued at approximately $156,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Tobam purchased a new position in shares of Full Truck Alliance in the 2nd quarter valued at about $35,000. Blue Trust Inc. purchased a new position in shares of Full Truck Alliance in the 2nd quarter valued at about $38,000. Atomi Financial Group Inc. increased its stake in shares of Full Truck Alliance by 12.4% in the 2nd quarter. Atomi Financial Group Inc. now owns 12,052 shares of the company’s stock valued at $97,000 after purchasing an additional 1,329 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Full Truck Alliance by 34.0% in the 1st quarter. Advisors Asset Management Inc. now owns 13,471 shares of the company’s stock valued at $98,000 after purchasing an additional 3,421 shares in the last quarter. Finally, Barometer Capital Management Inc. purchased a new position in shares of Full Truck Alliance in the 4th quarter valued at about $122,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.
Full Truck Alliance Trading Up 3.2 %
NYSE:YMM opened at $9.30 on Wednesday. Full Truck Alliance Co. Ltd. has a 12 month low of $5.70 and a 12 month high of $9.79. The stock has a 50 day moving average of $7.57 and a two-hundred day moving average of $8.04. The firm has a market cap of $9.80 billion, a P/E ratio of 29.06 and a beta of 0.20.
Wall Street Analyst Weigh In
Separately, Barclays cut their price target on Full Truck Alliance from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Friday, August 23rd.
View Our Latest Analysis on Full Truck Alliance
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.
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