Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Bought by XTX Topco Ltd

XTX Topco Ltd grew its position in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 318.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 164,281 shares of the company’s stock after acquiring an additional 125,001 shares during the quarter. XTX Topco Ltd’s holdings in Full Truck Alliance were worth $1,480,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Alkeon Capital Management LLC grew its position in Full Truck Alliance by 3.9% in the 3rd quarter. Alkeon Capital Management LLC now owns 24,276,570 shares of the company’s stock valued at $218,732,000 after buying an additional 921,820 shares during the last quarter. First Beijing Investment Ltd purchased a new stake in Full Truck Alliance during the third quarter worth about $123,804,000. Bamco Inc. NY increased its holdings in Full Truck Alliance by 1.2% in the third quarter. Bamco Inc. NY now owns 10,405,899 shares of the company’s stock valued at $93,757,000 after buying an additional 125,853 shares in the last quarter. Sylebra Capital LLC lifted its position in shares of Full Truck Alliance by 57.9% during the 2nd quarter. Sylebra Capital LLC now owns 8,011,918 shares of the company’s stock valued at $64,416,000 after acquiring an additional 2,939,456 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Full Truck Alliance by 10.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,701,028 shares of the company’s stock worth $33,346,000 after acquiring an additional 353,891 shares in the last quarter. Institutional investors and hedge funds own 39.02% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on YMM shares. Barclays reduced their price objective on Full Truck Alliance from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Friday, August 23rd. Citigroup lifted their price target on shares of Full Truck Alliance from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Thursday, November 21st.

Full Truck Alliance Stock Performance

Shares of YMM stock opened at $10.76 on Monday. The firm has a market capitalization of $11.34 billion, a price-to-earnings ratio of 25.62 and a beta of 0.28. Full Truck Alliance Co. Ltd. has a one year low of $5.70 and a one year high of $10.93. The company has a 50 day moving average price of $9.28 and a 200 day moving average price of $8.45.

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.