Charles Schwab Investment Management Inc. Grows Stock Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Charles Schwab Investment Management Inc. raised its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 12.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 912,011 shares of the company’s stock after buying an additional 100,080 shares during the period. Charles Schwab Investment Management Inc. owned about 0.09% of Full Truck Alliance worth $8,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in YMM. Tobam purchased a new stake in shares of Full Truck Alliance in the 2nd quarter worth approximately $35,000. Blue Trust Inc. purchased a new stake in shares of Full Truck Alliance in the 2nd quarter worth approximately $38,000. Atomi Financial Group Inc. lifted its position 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 worth $97,000 after purchasing an additional 1,329 shares during the period. Aigen Investment Management LP purchased a new stake in shares of Full Truck Alliance in the 3rd quarter worth approximately $151,000. Finally, Scientech Research LLC acquired a new position in Full Truck Alliance during the 2nd quarter valued at approximately $156,000. 39.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Citigroup upped their price target on shares of Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday. Barclays cut their price objective on shares of 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.

Full Truck Alliance Stock Performance

Shares of NYSE YMM opened at $11.92 on Wednesday. The company’s fifty day moving average price is $9.40 and its 200 day moving average price is $8.49. Full Truck Alliance Co. Ltd. has a 1 year low of $5.70 and a 1 year high of $12.47. The company has a market capitalization of $12.56 billion, a PE ratio of 28.38 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.