Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 3.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,404 shares of the company’s stock after purchasing an additional 4,235 shares during the quarter. Geode Capital Management LLC’s holdings in Full Truck Alliance were worth $1,067,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in YMM. Y Intercept Hong Kong Ltd purchased a new position in Full Truck Alliance during the third quarter worth approximately $3,525,000. Sylebra Capital LLC grew its holdings in Full Truck Alliance by 57.9% in the 2nd quarter. Sylebra Capital LLC now owns 8,011,918 shares of the company’s stock valued at $64,416,000 after buying an additional 2,939,456 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Full Truck Alliance by 12.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 912,011 shares of the company’s stock worth $8,217,000 after acquiring an additional 100,080 shares during the last quarter. XTX Topco Ltd raised its holdings in shares of Full Truck Alliance by 318.2% during the 3rd quarter. XTX Topco Ltd now owns 164,281 shares of the company’s stock worth $1,480,000 after acquiring an additional 125,001 shares during the period. Finally, National Bank of Canada FI acquired a new position in shares of Full Truck Alliance during the 2nd quarter valued at about $1,092,000. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Full Truck Alliance Trading Up 0.6 %

NYSE YMM opened at $10.60 on Friday. The stock has a fifty day simple moving average of $10.16 and a 200-day simple moving average of $8.81. The stock has a market cap of $11.17 billion, a PE ratio of 25.24 and a beta of 0.25. Full Truck Alliance Co. Ltd. has a twelve month low of $5.70 and a twelve month high of $12.47.

Wall Street Analyst Weigh In

YMM has been the subject of several recent analyst reports. Citigroup raised their price objective on shares of Full Truck Alliance from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. downgraded shares of Full Truck Alliance from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $12.00 to $13.00 in a report on Wednesday, December 11th.

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.