UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases Shares of 468,197 Full Truck Alliance Co. Ltd. (NYSE:YMM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Full Truck Alliance Co. Ltd. (NYSE:YMM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 468,197 shares of the company’s stock, valued at approximately $4,218,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tobam purchased a new stake in shares of Full Truck Alliance in the 2nd quarter valued at about $35,000. Blue Trust Inc. purchased a new stake in shares of Full Truck Alliance in the 2nd quarter valued at about $38,000. Atomi Financial Group Inc. raised its holdings 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 valued at $97,000 after acquiring an additional 1,329 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of Full Truck Alliance in the 3rd quarter valued at about $151,000. Finally, Scientech Research LLC purchased a new stake in shares of Full Truck Alliance in the 2nd quarter valued at about $156,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Price Performance

YMM opened at $11.25 on Friday. The stock’s 50 day simple moving average is $9.47 and its 200 day simple moving average is $8.53. Full Truck Alliance Co. Ltd. has a 1 year low of $5.70 and a 1 year high of $12.47. The firm has a market cap of $11.85 billion, a price-to-earnings ratio of 26.79 and a beta of 0.28.

Analyst Upgrades and Downgrades

YMM has been the topic of a number of research reports. Barclays decreased their price objective on Full Truck Alliance from $9.00 to $7.00 and set an “equal weight” rating on the stock in a report on Friday, August 23rd. Citigroup raised their price objective on Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. cut Full Truck Alliance from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $12.00 to $13.00 in a report on Wednesday.

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.