SG Americas Securities LLC Has $7.91 Million Position in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

SG Americas Securities LLC lessened its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 16.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 952,808 shares of the company’s stock after selling 193,612 shares during the quarter. SG Americas Securities LLC’s holdings in Full Truck Alliance were worth $7,908,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in YMM. Compound Planning Inc. raised its stake in shares of Full Truck Alliance by 7.0% in the 3rd quarter. Compound Planning Inc. now owns 15,948 shares of the company’s stock valued at $207,000 after buying an additional 1,048 shares in the last quarter. CI Investments Inc. boosted its position in shares of Full Truck Alliance by 10.7% during the 3rd quarter. CI Investments Inc. now owns 10,924 shares of the company’s stock valued at $142,000 after acquiring an additional 1,052 shares in the last quarter. Parnassus Investments LLC increased its stake in Full Truck Alliance by 7.1% in the fourth quarter. Parnassus Investments LLC now owns 23,076 shares of the company’s stock valued at $248,000 after acquiring an additional 1,529 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in Full Truck Alliance by 150.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company’s stock valued at $32,000 after acquiring an additional 1,762 shares during the period. Finally, Capital International Sarl raised its position in Full Truck Alliance by 0.8% in the fourth quarter. Capital International Sarl now owns 266,548 shares of the company’s stock worth $2,860,000 after purchasing an additional 2,030 shares in the last quarter. Institutional investors and hedge funds own 39.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Morgan Stanley restated an “overweight” rating on shares of Full Truck Alliance in a research note on Thursday, March 12th. JPMorgan Chase & Co. raised Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 target price for the company in a report on Wednesday, April 1st. Citigroup reissued a “buy” rating on shares of Full Truck Alliance in a report on Monday, April 20th. Nomura set a $11.00 price target on Full Truck Alliance in a research note on Monday, June 15th. Finally, Weiss Ratings cut Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.79.

Full Truck Alliance Stock Up 2.2%

Shares of YMM stock opened at $7.71 on Friday. The company has a market capitalization of $8.03 billion, a P/E ratio of 13.52, a P/E/G ratio of 0.68 and a beta of 0.30. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12-month low of $7.45 and a 12-month high of $14.07. The firm has a 50-day moving average price of $8.54 and a 200 day moving average price of $9.31.

Full Truck Alliance (NYSE:YMM) last issued its quarterly earnings data on Saturday, February 14th. The company reported $0.01 earnings per share for the quarter. The firm 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%. As a group, research analysts expect that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.69 earnings per share for the current year.

Full Truck Alliance 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.