Alkeon Capital Management Reduces $45M in Full Truck Alliance Co. Ltd. ($YMM)
Key Points
- Alkeon Capital Management changed its Full Truck Alliance Co. Ltd. ($YMM) stake by 37.3% last quarter, cutting to 8,898,535 shares worth $75.37 million.
- Wall Street's consensus rating on $YMM is Buy and an average price target of $12.47.
- $YMM last traded around $8.47.
Alkeon Capital Management reduced its position in Full Truck Alliance Co. Ltd. ($YMM) by 37.3% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,898,535 shares of Full Truck Alliance Co. Ltd. after selling 5,300,000 shares during the quarter. Alkeon Capital Management's holdings in Full Truck Alliance Co. Ltd. were worth $75.37 million as of its most recent filing.
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About Full Truck Alliance Co. Ltd.
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 and Hong Kong. The company offers freight matching services, such as freight listing and brokerage services; and transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, Intelligent Driving Related Services, and energy services. It also provides technology development and other services. Full Truck Alliance Co. Ltd. was founded in 2011 and is based in Guiyang, China.
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