Vanguard Group Inc. Increases Stock Position in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Vanguard Group Inc. boosted its stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 1.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 33,004,634 shares of the company’s stock after buying an additional 461,147 shares during the quarter. Vanguard Group Inc.’s holdings in Full Truck Alliance were worth $354,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. First Beijing Investment Ltd lifted its position in Full Truck Alliance by 73.8% in the third quarter. First Beijing Investment Ltd now owns 68,645,580 shares of the company’s stock valued at $890,333,000 after acquiring an additional 29,150,926 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Full Truck Alliance by 66.4% in the third quarter. Invesco Ltd. now owns 54,223,349 shares of the company’s stock valued at $703,277,000 after buying an additional 21,628,993 shares during the last quarter. Schroder Investment Management Group raised its holdings in shares of Full Truck Alliance by 2,789.6% in the third quarter. Schroder Investment Management Group now owns 33,333,051 shares of the company’s stock valued at $432,330,000 after buying an additional 32,179,501 shares during the last quarter. Krane Funds Advisors LLC raised its holdings in shares of Full Truck Alliance by 26.4% in the third quarter. Krane Funds Advisors LLC now owns 28,165,473 shares of the company’s stock valued at $352,068,000 after buying an additional 5,880,548 shares during the last quarter. Finally, Aspex Management HK Ltd raised its holdings in shares of Full Truck Alliance by 5.8% in the third quarter. Aspex Management HK Ltd now owns 23,763,953 shares of the company’s stock valued at $308,218,000 after buying an additional 1,308,330 shares during the last quarter. 39.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on YMM shares. Weiss Ratings cut shares of Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. Bank of America started coverage on shares of Full Truck Alliance in a report on Tuesday. They issued a “buy” rating and a $11.30 target price for the company. JPMorgan Chase & Co. raised shares of Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 target price for the company in a report on Wednesday, April 1st. iA Financial set a $8.00 target price on shares of Full Truck Alliance in a report on Monday, January 12th. Finally, Citigroup reaffirmed a “buy” rating on shares of Full Truck Alliance in a report on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $11.41.

Full Truck Alliance Stock Down 1.6%

NYSE YMM opened at $8.94 on Friday. The stock has a market capitalization of $9.32 billion, a P/E ratio of 14.89, a P/E/G ratio of 0.83 and a beta of 0.30. Full Truck Alliance Co. Ltd. Sponsored ADR has a 52-week low of $8.04 and a 52-week high of $14.07. The firm has a 50-day moving average price of $8.65 and a 200 day moving average price of $10.19.

Full Truck Alliance (NYSE:YMM) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $456.32 million during the quarter. Full Truck Alliance had a net margin of 35.22% and a return on equity of 11.33%. On average, equities research analysts expect that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 earnings per share for the current fiscal year.

Full Truck Alliance Announces Dividend

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

Full Truck Alliance Profile

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.