Harvest Fund Management Co. Ltd Acquires 187,102 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Harvest Fund Management Co. Ltd raised its holdings in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 23.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 986,505 shares of the company’s stock after acquiring an additional 187,102 shares during the period. Harvest Fund Management Co. Ltd owned approximately 0.09% of Full Truck Alliance worth $11,502,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in YMM. Capital International Investors bought a new position in Full Truck Alliance during the third quarter worth about $188,227,000. OPTIMAS CAPITAL Ltd bought a new position in Full Truck Alliance during the third quarter worth about $6,458,000. Carrhae Capital LLP bought a new position in Full Truck Alliance during the third quarter worth about $34,692,000. SG Americas Securities LLC boosted its holdings in Full Truck Alliance by 534.0% during the fourth quarter. SG Americas Securities LLC now owns 1,146,420 shares of the company’s stock worth $12,301,000 after buying an additional 965,601 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in Full Truck Alliance by 36.9% during the fourth quarter. Nordea Investment Management AB now owns 2,326,558 shares of the company’s stock worth $25,080,000 after buying an additional 627,118 shares during the last quarter. Institutional investors own 39.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports 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 on the stock in a report on Wednesday, April 1st. Weiss Ratings upgraded Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Citigroup restated a “buy” rating on shares of Full Truck Alliance in a report on Monday, April 20th. Morgan Stanley restated an “overweight” rating on shares of Full Truck Alliance in a report on Thursday, March 12th. Finally, Bank of America assumed coverage on Full Truck Alliance in a report on Tuesday, May 5th. They set a “buy” rating and a $11.30 target price on the stock. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.76.

Full Truck Alliance Price Performance

NYSE:YMM opened at $8.89 on Friday. Full Truck Alliance Co. Ltd. Sponsored ADR has a fifty-two week low of $8.04 and a fifty-two week high of $14.07. The stock has a market capitalization of $9.26 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 0.83 and a beta of 0.30. The business’s 50-day simple moving average is $8.61 and its 200-day simple moving average is $9.64.

Full Truck Alliance (NYSE:YMM) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.01 earnings per share for the quarter. Full Truck Alliance had a return on equity of 10.52% and a net margin of 32.68%.The business had revenue of $456.32 million for the quarter. On average, research analysts expect that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 earnings per share for the current year.

Full Truck Alliance Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th were given a $0.084 dividend. 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 (DPR) is currently 24.56%.

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.