Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) have been assigned an average rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $10.7571.

Several brokerages have recently issued reports on YMM. Weiss Ratings raised Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Bank of America assumed coverage on shares of Full Truck Alliance in a research report on Tuesday, May 5th. They set a “buy” rating and a $11.30 price target for the company. JPMorgan Chase & Co. upgraded shares of Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 price objective for the company in a report on Wednesday, April 1st. Morgan Stanley reaffirmed an “overweight” rating on shares of Full Truck Alliance in a research report on Thursday, March 12th. Finally, Daiwa Securities Group cut shares of Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 target price on the stock. in a research note on Friday, March 13th.

Full Truck Alliance Stock Up 5.6%

Shares of NYSE YMM opened at $9.53 on Wednesday. The company has a market capitalization of $9.93 billion, a PE ratio of 16.71, a PEG ratio of 0.83 and a beta of 0.30. The stock’s 50 day moving average price is $8.55 and its 200-day moving average price is $9.71. Full Truck Alliance has a twelve month low of $8.04 and a twelve month high of $14.07.

Full Truck Alliance (NYSE:YMM) last issued its quarterly earnings results on Saturday, February 14th. The company reported $0.01 EPS for the quarter. Full Truck Alliance had a return on equity of 10.52% and a net margin of 32.68%.The company had revenue of $456.32 million during the quarter. As a group, research analysts expect that Full Truck Alliance will post 0.66 EPS for the current fiscal year.

Full Truck Alliance Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th were paid a $0.084 dividend. The ex-dividend date was Wednesday, April 8th. This represents a yield of 201.0%. Full Truck Alliance’s dividend payout ratio is presently 24.56%.

Institutional Trading of Full Truck Alliance

A number of large investors have recently bought and sold shares of YMM. First Beijing Investment Ltd lifted its position in shares of Full Truck Alliance by 73.8% during the 3rd quarter. First Beijing Investment Ltd now owns 68,645,580 shares of the company’s stock valued at $890,333,000 after buying an additional 29,150,926 shares during the last quarter. FIL Ltd increased its holdings in Full Truck Alliance by 1.6% in the 4th quarter. FIL Ltd now owns 64,382,173 shares of the company’s stock worth $690,821,000 after acquiring an additional 1,040,793 shares during the last quarter. Invesco Ltd. raised its stake in Full Truck Alliance by 7.5% in the 4th quarter. Invesco Ltd. now owns 58,272,671 shares of the company’s stock valued at $625,266,000 after acquiring an additional 4,049,322 shares during the period. Schroder Investment Management Group lifted its holdings in Full Truck Alliance by 43.6% during the fourth quarter. Schroder Investment Management Group now owns 47,859,035 shares of the company’s stock valued at $513,527,000 after purchasing an additional 14,525,984 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Full Truck Alliance by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 33,004,634 shares of the company’s stock worth $354,140,000 after purchasing an additional 461,147 shares during the period. 39.02% of the stock is owned by hedge funds and other institutional investors.

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.