Savant Capital LLC Buys New Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Savant Capital LLC acquired a new position in Full Truck Alliance Co. Ltd. (NYSE:YMM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,941 shares of the company’s stock, valued at approximately $194,000.

Several other hedge funds have also bought and sold shares of YMM. First Beijing Investment Ltd purchased a new stake in Full Truck Alliance in the 3rd quarter worth approximately $123,804,000. Empower Harvest Management Services Inc. purchased a new stake in Full Truck Alliance in the 4th quarter worth approximately $97,058,000. Polunin Capital Partners Ltd purchased a new stake in Full Truck Alliance in the 3rd quarter worth approximately $29,632,000. Alkeon Capital Management LLC boosted its position in Full Truck Alliance by 3.9% in the 3rd quarter. Alkeon Capital Management LLC now owns 24,276,570 shares of the company’s stock worth $218,732,000 after purchasing an additional 921,820 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Full Truck Alliance in the 3rd quarter worth approximately $4,218,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Price Performance

Shares of NYSE:YMM opened at $12.61 on Thursday. Full Truck Alliance Co. Ltd. has a 1 year low of $5.70 and a 1 year high of $13.03. The firm has a market capitalization of $13.28 billion, a price-to-earnings ratio of 30.01 and a beta of 0.25. The business’s 50 day moving average price is $11.37 and its 200-day moving average price is $9.56.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on YMM. JPMorgan Chase & Co. lowered Full Truck Alliance from an “overweight” rating to a “neutral” rating and increased their target price for the company from $12.00 to $13.00 in a research report on Wednesday, December 11th. Citigroup increased their target price on Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th.

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.