State Street Corp Grows Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

State Street Corp raised its position in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 6.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,609,508 shares of the company’s stock after buying an additional 155,834 shares during the period. State Street Corp owned approximately 0.25% of Full Truck Alliance worth $23,512,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Liontrust Investment Partners LLP purchased a new position in Full Truck Alliance in the second quarter valued at about $5,869,000. Atomi Financial Group Inc. boosted its stake in shares of Full Truck Alliance by 12.4% during the 2nd quarter. Atomi Financial Group Inc. now owns 12,052 shares of the company’s stock valued at $97,000 after buying an additional 1,329 shares during the last quarter. Tobam acquired a new stake in shares of Full Truck Alliance during the second quarter worth approximately $35,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Full Truck Alliance during the second quarter worth approximately $167,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Full Truck Alliance by 50.0% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 30,000 shares of the company’s stock worth $241,000 after buying an additional 10,000 shares during the last quarter. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Full Truck Alliance Price Performance

Full Truck Alliance stock opened at $11.32 on Monday. The company has a market cap of $11.93 billion, a PE ratio of 26.95 and a beta of 0.28. Full Truck Alliance Co. Ltd. has a 12 month low of $5.70 and a 12 month high of $12.47. The company has a fifty day moving average price of $9.64 and a two-hundred day moving average price of $8.62.

Analysts Set New Price Targets

YMM has been the topic of a number of research analyst reports. Citigroup increased their price objective 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, December 10th. JPMorgan Chase & Co. cut shares of Full Truck Alliance from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $12.00 to $13.00 in a research report on Wednesday, December 11th.

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.