MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Takes $2.51 Million Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in Full Truck Alliance Co. Ltd. (NYSE:YMM) in the fourth quarter, Holdings Channel reports. The firm purchased 232,055 shares of the company’s stock, valued at approximately $2,511,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. grew its position in shares of Full Truck Alliance by 109.5% during the 3rd quarter. Blue Trust Inc. now owns 9,999 shares of the company’s stock worth $90,000 after buying an additional 5,226 shares in the last quarter. Aigen Investment Management LP bought a new position in Full Truck Alliance during the 3rd quarter worth about $151,000. Scientech Research LLC purchased a new position in Full Truck Alliance during the 2nd quarter valued at about $156,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Full Truck Alliance in the 3rd quarter valued at about $207,000. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of Full Truck Alliance by 29.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,969 shares of the company’s stock worth $209,000 after purchasing an additional 5,847 shares during the period. Institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Stock Up 0.6 %

NYSE YMM opened at $11.29 on Friday. The firm has a market cap of $11.89 billion, a PE ratio of 26.87 and a beta of 0.25. 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 50 day moving average price of $10.63 and a 200 day moving average price of $9.01.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on YMM. Citigroup lifted their price objective on shares of Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. lowered Full Truck Alliance from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $12.00 to $13.00 in a research report on Wednesday, December 11th.

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.