Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 12.3% in the third quarter, HoldingsChannel.com reports. The firm owned 912,011 shares of the company’s stock after acquiring an additional 100,080 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Full Truck Alliance were worth $8,217,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of YMM. Atomi Financial Group Inc. raised its position 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 worth $97,000 after acquiring an additional 1,329 shares in the last quarter. Tobam purchased a new stake in shares of Full Truck Alliance in the second quarter valued at approximately $35,000. Blue Trust Inc. purchased a new stake in shares of Full Truck Alliance in the second quarter valued at approximately $38,000. Vanguard Personalized Indexing Management LLC boosted its position in Full Truck Alliance by 29.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 25,969 shares of the company’s stock worth $209,000 after purchasing an additional 5,847 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in Full Truck Alliance by 44.1% during the third quarter. Crossmark Global Holdings Inc. now owns 30,102 shares of the company’s stock worth $272,000 after purchasing an additional 9,210 shares in the last quarter. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Full Truck Alliance Trading Down 2.9 %

Shares of Full Truck Alliance stock opened at $11.92 on Wednesday. The business’s 50 day simple moving average is $9.40 and its 200-day simple moving average is $8.49. The stock has a market capitalization of $12.56 billion, a price-to-earnings ratio of 28.38 and a beta of 0.28. Full Truck Alliance Co. Ltd. has a twelve month low of $5.70 and a twelve month high of $12.47.

Analysts Set New Price Targets

YMM has been the subject of several analyst reports. Citigroup upped their target price on Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday. Barclays reduced their price target on Full Truck Alliance from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Friday, August 23rd.

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.