Citigroup Inc. Buys 27,303 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Citigroup Inc. increased its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 6.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 483,469 shares of the company’s stock after purchasing an additional 27,303 shares during the quarter. Citigroup Inc.’s holdings in Full Truck Alliance were worth $4,356,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of Full Truck Alliance by 12.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 912,011 shares of the company’s stock worth $8,217,000 after purchasing an additional 100,080 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Full Truck Alliance by 13.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 102,540 shares of the company’s stock worth $924,000 after purchasing an additional 11,894 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of Full Truck Alliance in the third quarter worth about $151,000. OVERSEA CHINESE BANKING Corp Ltd increased its stake in Full Truck Alliance by 14.7% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 704,770 shares of the company’s stock worth $6,347,000 after acquiring an additional 90,530 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of Full Truck Alliance by 44.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 30,102 shares of the company’s stock valued at $272,000 after purchasing an additional 9,210 shares during the last quarter. 39.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on YMM shares. Citigroup upped 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 dropped their price objective on Full Truck Alliance from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Friday, August 23rd. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Full Truck Alliance currently has an average rating of “Buy” and a consensus target price of $10.00.

Full Truck Alliance Price Performance

YMM opened at $10.22 on Wednesday. The company’s 50 day simple moving average is $9.15 and its two-hundred day simple moving average is $8.42. Full Truck Alliance Co. Ltd. has a 1-year low of $5.70 and a 1-year high of $10.29. The firm has a market capitalization of $10.77 billion, a price-to-earnings ratio of 24.33 and a beta of 0.28.

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.