Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Given Average Rating of “Hold” by Brokerages

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) has been given a consensus rating of “Hold” by the six ratings firms that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $11.4286.

Several research analysts have recently commented on the company. JPMorgan Chase & Co. upgraded Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 target price for the company in a research note on Wednesday, April 1st. Weiss Ratings downgraded Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 13th. Citigroup reiterated a “buy” rating on shares of Full Truck Alliance in a research note on Monday, April 20th. iA Financial set a $8.00 target price on Full Truck Alliance in a research note on Monday, January 12th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Full Truck Alliance in a research note on Thursday, March 12th.

Full Truck Alliance Trading Down 0.5%

Shares of NYSE YMM opened at $8.61 on Friday. Full Truck Alliance has a 12 month low of $8.04 and a 12 month high of $14.07. The stock has a 50 day moving average of $8.69 and a 200-day moving average of $10.29. The company has a market capitalization of $8.98 billion, a P/E ratio of 14.35 and a beta of 0.30.

Full Truck Alliance (NYSE:YMM) last issued its earnings results on Saturday, February 14th. The company reported $0.01 EPS for the quarter. Full Truck Alliance had a return on equity of 11.33% and a net margin of 35.22%.The company had revenue of $456.32 million during the quarter. Analysts predict that Full Truck Alliance will post 0.66 EPS for the current fiscal year.

Full Truck Alliance Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th were paid a dividend of $0.084 per share. The ex-dividend date was Wednesday, April 8th. This represents a dividend yield of 201.0%. Full Truck Alliance’s dividend payout ratio (DPR) is 23.33%.

Hedge Funds Weigh In On Full Truck Alliance

Large investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its stake in shares of Full Truck Alliance by 150.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company’s stock worth $32,000 after purchasing an additional 1,762 shares during the period. Rockefeller Capital Management L.P. bought a new position in shares of Full Truck Alliance during the fourth quarter worth approximately $39,000. Banque de Luxembourg S.A. bought a new position in shares of Full Truck Alliance during the fourth quarter worth approximately $44,000. CoreCap Advisors LLC increased its stake in shares of Full Truck Alliance by 2,000.0% during the fourth quarter. CoreCap Advisors LLC now owns 4,200 shares of the company’s stock worth $45,000 after purchasing an additional 4,000 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Full Truck Alliance by 274.9% during the second quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock worth $46,000 after purchasing an additional 2,845 shares during the period. Institutional investors own 39.02% of the company’s stock.

About Full Truck Alliance

Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.

The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.