Full Truck Alliance (NYSE:YMM) Now Covered by Analysts at Nomura

Stock analysts at Nomura started coverage on shares of Full Truck Alliance (NYSE:YMM) in a research report issued to clients and investors on Friday. The firm set a “buy” rating on the stock.

A number of other research analysts have also weighed in on YMM. Morgan Stanley reissued an “overweight” rating on shares of Full Truck Alliance in a research report on Thursday, March 12th. Bank of America began coverage on shares of Full Truck Alliance in a research note on Tuesday, May 5th. They issued a “buy” rating and a $11.30 price objective for the company. Citigroup reissued a “buy” rating on shares of Full Truck Alliance in a research report on Monday, April 20th. 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 research note on Wednesday, April 1st. Finally, Daiwa Securities Group lowered Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 target price for the company. in a report on Friday, March 13th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.76.

Full Truck Alliance Stock Up 1.4%

YMM opened at $8.46 on Friday. Full Truck Alliance has a twelve month low of $8.04 and a twelve month high of $14.07. The company has a fifty day moving average of $8.63 and a 200-day moving average of $9.55. The stock has a market cap of $8.82 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 0.77 and a beta of 0.30.

Full Truck Alliance (NYSE:YMM) last issued 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 for the quarter. Full Truck Alliance had a return on equity of 10.52% and a net margin of 32.68%. Sell-side analysts anticipate that Full Truck Alliance will post 0.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schroder Investment Management Group lifted its stake in shares of Full Truck Alliance by 2,789.6% during the 3rd 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 in the last quarter. First Beijing Investment Ltd lifted its stake 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 in the last quarter. Invesco Ltd. lifted its stake in shares of Full Truck Alliance by 66.4% during the 3rd 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 in the last quarter. Capital International Investors purchased a new stake in shares of Full Truck Alliance during the 3rd quarter valued at approximately $188,227,000. Finally, OLP CAPITAL MANAGEMENT Ltd lifted its stake in shares of Full Truck Alliance by 198.7% during the 4th quarter. OLP CAPITAL MANAGEMENT Ltd now owns 15,007,851 shares of the company’s stock valued at $161,034,000 after buying an additional 9,983,779 shares in the last quarter. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Full Truck Alliance Company 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.