Alkeon Capital Management LLC Purchases 921,820 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Alkeon Capital Management LLC grew its position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 3.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,276,570 shares of the company’s stock after buying an additional 921,820 shares during the period. Alkeon Capital Management LLC’s holdings in Full Truck Alliance were worth $218,732,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of YMM. Vanguard Group Inc. increased its position in Full Truck Alliance by 0.7% during the first quarter. Vanguard Group Inc. now owns 25,698,222 shares of the company’s stock worth $186,826,000 after acquiring an additional 170,657 shares during the period. First Beijing Investment Ltd acquired a new position in shares of Full Truck Alliance during the 3rd quarter worth approximately $123,804,000. Sylebra Capital LLC increased its holdings in shares of Full Truck Alliance by 57.9% during the second quarter. Sylebra Capital LLC now owns 8,011,918 shares of the company’s stock worth $64,416,000 after purchasing an additional 2,939,456 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of Full Truck Alliance by 10.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 3,701,028 shares of the company’s stock valued at $33,346,000 after buying an additional 353,891 shares in the last quarter. Finally, Polunin Capital Partners Ltd bought a new stake in shares of Full Truck Alliance in the third quarter valued at approximately $29,632,000. Institutional investors and hedge funds own 39.02% of the company’s stock.

Analyst Ratings Changes

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

Full Truck Alliance Price Performance

Shares of YMM opened at $9.97 on Friday. The firm has a 50 day simple moving average of $9.01 and a two-hundred day simple moving average of $8.39. The company has a market cap of $10.51 billion, a P/E ratio of 23.74 and a beta of 0.23. Full Truck Alliance Co. Ltd. has a one year low of $5.70 and a one year high of $10.29.

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.