WFM ASIA BVI Ltd Sells 3,778,922 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

WFM ASIA BVI Ltd cut its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 20.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,650,662 shares of the company’s stock after selling 3,778,922 shares during the quarter. Full Truck Alliance makes up approximately 19.5% of WFM ASIA BVI Ltd’s portfolio, making the stock its 3rd largest holding. WFM ASIA BVI Ltd owned 1.40% of Full Truck Alliance worth $157,202,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of YMM. Royal Bank of Canada grew its position in shares of Full Truck Alliance by 172.4% in the first quarter. Royal Bank of Canada now owns 34,765 shares of the company’s stock valued at $444,000 after purchasing an additional 22,001 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Full Truck Alliance by 11.6% in the second quarter. Geode Capital Management LLC now owns 159,770 shares of the company’s stock valued at $1,887,000 after purchasing an additional 16,591 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Full Truck Alliance by 274.9% during the second quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock worth $46,000 after acquiring an additional 2,845 shares during the last quarter. California Public Employees Retirement System boosted its position in Full Truck Alliance by 7.9% during the second quarter. California Public Employees Retirement System now owns 1,134,627 shares of the company’s stock worth $13,400,000 after acquiring an additional 83,434 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in Full Truck Alliance during the second quarter worth approximately $118,000. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Full Truck Alliance Stock Up 1.4%

NYSE:YMM opened at $8.46 on Friday. The company has a market cap of $8.82 billion, a P/E ratio of 14.83, a P/E/G ratio of 0.77 and a beta of 0.30. Full Truck Alliance Co. Ltd. Sponsored ADR has a fifty-two week low of $8.04 and a fifty-two week high of $14.07. The firm’s 50 day moving average is $8.63 and its two-hundred day moving average is $9.55.

Full Truck Alliance (NYSE:YMM) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $456.32 million for the quarter. Full Truck Alliance had a net margin of 32.68% and a return on equity of 10.52%. Research analysts forecast that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on YMM shares. Bank of America started coverage on shares of Full Truck Alliance in a research report on Tuesday, May 5th. They set a “buy” rating and a $11.30 target price on the stock. Morgan Stanley restated an “overweight” rating on shares of Full Truck Alliance in a research report on Thursday, March 12th. Citigroup restated a “buy” rating on shares of Full Truck Alliance in a research report on Monday, April 20th. JPMorgan Chase & Co. upgraded shares of Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 target price on the stock in a research report on Wednesday, April 1st. Finally, Weiss Ratings upgraded shares of Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.76.

Full Truck Alliance Company Profile

Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.

The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.