Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. increased its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 31.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 277,966 shares of the company’s stock after purchasing an additional 66,638 shares during the quarter. Franklin Resources Inc.’s holdings in Full Truck Alliance were worth $2,613,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of YMM. Atomi Financial Group Inc. raised its stake 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 during the period. Tobam purchased a new stake in Full Truck Alliance in the second quarter valued at approximately $35,000. Crossmark Global Holdings Inc. acquired a new position in Full Truck Alliance during the second quarter worth $167,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Full Truck Alliance by 50.0% during 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 period. Finally, Van ECK Associates Corp grew its stake in shares of Full Truck Alliance by 4.1% in the second quarter. Van ECK Associates Corp now owns 1,395,732 shares of the company’s stock valued at $11,222,000 after buying an additional 55,076 shares in the last quarter. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on YMM. JPMorgan Chase & Co. cut Full Truck Alliance from an “overweight” rating to a “neutral” rating and raised their target price for the company from $12.00 to $13.00 in a report on Wednesday, December 11th. Citigroup raised 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.

Full Truck Alliance Price Performance

YMM opened at $11.32 on Thursday. The business has a fifty day moving average price of $9.77 and a 200 day moving average price of $8.67. Full Truck Alliance Co. Ltd. has a 12 month low of $5.70 and a 12 month high of $12.47. The stock has a market capitalization of $11.93 billion, a price-to-earnings ratio of 26.95 and a beta of 0.28.

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.