MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Purchases Shares of 232,055 Full Truck Alliance Co. Ltd. (NYSE:YMM)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in Full Truck Alliance Co. Ltd. (NYSE:YMM) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 232,055 shares of the company’s stock, valued at approximately $2,511,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in YMM. Franklin Resources Inc. raised its stake in Full Truck Alliance by 31.5% during the third quarter. Franklin Resources Inc. now owns 277,966 shares of the company’s stock valued at $2,613,000 after purchasing an additional 66,638 shares in the last quarter. Tidal Investments LLC purchased a new position in Full Truck Alliance in the third quarter worth about $1,258,000. Wilmington Savings Fund Society FSB bought a new stake in Full Truck Alliance during the third quarter worth approximately $207,000. Geode Capital Management LLC lifted its stake in shares of Full Truck Alliance by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 118,404 shares of the company’s stock valued at $1,067,000 after purchasing an additional 4,235 shares during the last quarter. Finally, ABS Direct Equity Fund LLC boosted its holdings in shares of Full Truck Alliance by 36.7% in the 3rd quarter. ABS Direct Equity Fund LLC now owns 487,400 shares of the company’s stock worth $4,391,000 after purchasing an additional 130,900 shares during the period. 39.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on YMM shares. JPMorgan Chase & Co. downgraded 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 research report on Wednesday, December 11th. Citigroup lifted their price target on shares of Full Truck Alliance from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th.

Full Truck Alliance Stock Up 0.6 %

Shares of Full Truck Alliance stock opened at $11.29 on Friday. The stock’s fifty day moving average is $10.63 and its two-hundred day moving average is $9.01. Full Truck Alliance Co. Ltd. has a 52 week low of $5.70 and a 52 week high of $12.47. The company has a market capitalization of $11.89 billion, a PE ratio of 26.87 and a beta of 0.25.

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.