Twenty Acre Capital LP Has $7.20 Million Stock Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Twenty Acre Capital LP reduced its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 10.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 799,300 shares of the company’s stock after selling 89,500 shares during the period. Full Truck Alliance accounts for approximately 6.3% of Twenty Acre Capital LP’s investment portfolio, making the stock its 4th biggest position. Twenty Acre Capital LP owned approximately 0.08% of Full Truck Alliance worth $7,202,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Tobam acquired a new position in shares of Full Truck Alliance in the second quarter valued at about $35,000. Blue Trust Inc. acquired a new position in shares of Full Truck Alliance during the 2nd quarter worth approximately $38,000. Atomi Financial Group Inc. increased its holdings in shares of Full Truck Alliance by 12.4% during the second quarter. Atomi Financial Group Inc. now owns 12,052 shares of the company’s stock worth $97,000 after purchasing an additional 1,329 shares during the period. Advisors Asset Management Inc. raised its position in shares of Full Truck Alliance by 34.0% in the first quarter. Advisors Asset Management Inc. now owns 13,471 shares of the company’s stock valued at $98,000 after buying an additional 3,421 shares in the last quarter. Finally, Aigen Investment Management LP bought a new stake in shares of Full Truck Alliance in the third quarter valued at approximately $151,000. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Stock Up 0.3 %

NYSE YMM opened at $10.00 on Friday. Full Truck Alliance Co. Ltd. has a twelve month low of $5.70 and a twelve month high of $10.29. The business’s fifty day moving average is $9.05 and its 200 day moving average is $8.40. The company has a market cap of $10.53 billion, a price-to-earnings ratio of 23.80 and a beta of 0.23.

Wall Street Analyst Weigh In

A number of equities analysts have commented on YMM shares. Barclays lowered their price objective on Full Truck Alliance from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Friday, August 23rd. Citigroup upped their price objective on shares of Full Truck Alliance from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $10.00.

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.