Healthcare of Ontario Pension Plan Trust Fund Has $450,000 Stock Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Healthcare of Ontario Pension Plan Trust Fund decreased its stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 97.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 49,900 shares of the company’s stock after selling 1,935,300 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Full Truck Alliance were worth $450,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP lifted its stake in Full Truck Alliance by 4,028.6% in the third quarter. Quantbot Technologies LP now owns 121,258 shares of the company’s stock valued at $1,093,000 after buying an additional 118,321 shares during the period. Harvest Fund Management Co. Ltd lifted its position in Full Truck Alliance by 1.0% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 545,517 shares of the company’s stock valued at $4,910,000 after acquiring an additional 5,660 shares in the last quarter. Citigroup Inc. lifted its stake in Full Truck Alliance by 6.0% in the 3rd quarter. Citigroup Inc. now owns 483,469 shares of the company’s stock valued at $4,356,000 after acquiring an additional 27,303 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in 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 valued at $8,217,000 after purchasing an additional 100,080 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Full Truck Alliance by 13.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 102,540 shares of the company’s stock valued at $924,000 after buying an additional 11,894 shares during the last quarter. Institutional investors own 39.02% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on YMM. Barclays lowered their target price on Full Truck Alliance from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Friday, August 23rd. Citigroup upped their price target on shares of Full Truck Alliance from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $10.00.

Full Truck Alliance Stock Up 0.6 %

YMM stock opened at $10.07 on Tuesday. Full Truck Alliance Co. Ltd. has a 12 month low of $5.70 and a 12 month high of $10.29. The company’s 50-day moving average price is $9.10 and its two-hundred day moving average price is $8.41. The firm has a market cap of $10.61 billion, a P/E ratio of 24.05 and a beta of 0.28.

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.