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

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) has been assigned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $11.2956.

YMM has been the subject of a number of research analyst reports. Citigroup reissued a “buy” rating on shares of Full Truck Alliance in a research report on Monday, April 20th. UBS Group restated a “buy” rating and set a $13.36 price target on shares of Full Truck Alliance in a report on Wednesday, August 5th. Nomura set a $11.00 target price on Full Truck Alliance in a report on Monday, June 15th. JPMorgan Chase & Co. upgraded Full Truck Alliance from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $8.60 to $10.00 in a report on Monday, June 29th. Finally, Bank of America began coverage on shares of Full Truck Alliance in a research report on Tuesday, May 5th. They set a “buy” rating and a $11.30 target price for the company.

Full Truck Alliance Stock Down 0.3%

Shares of NYSE:YMM opened at $8.78 on Monday. The company’s fifty day moving average is $8.73 and its two-hundred day moving average is $8.87. The company has a market cap of $9.16 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 0.77 and a beta of 0.35. Full Truck Alliance has a 12-month low of $7.45 and a 12-month high of $14.07.

Full Truck Alliance Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th were paid a dividend of $0.084 per share. The ex-dividend date was Tuesday, July 7th. This represents a yield of 201.0%. Full Truck Alliance’s dividend payout ratio is presently 28.07%.

Institutional Trading of Full Truck Alliance

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FIL Ltd lifted its holdings in shares of Full Truck Alliance by 1.6% during the fourth quarter. FIL Ltd now owns 64,382,173 shares of the company’s stock worth $690,821,000 after buying an additional 1,040,793 shares during the last quarter. Invesco Ltd. grew its stake in shares of Full Truck Alliance by 7.5% in the fourth quarter. Invesco Ltd. now owns 58,272,671 shares of the company’s stock worth $625,266,000 after acquiring an additional 4,049,322 shares during the last quarter. Schroder Investment Management Group increased its position 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 worth $513,527,000 after acquiring an additional 14,525,984 shares during the period. Vanguard Group Inc. increased 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 acquiring an additional 461,147 shares during the period. Finally, Krane Funds Advisors LLC raised its stake in Full Truck Alliance by 14.0% during the 4th quarter. Krane Funds Advisors LLC now owns 32,100,736 shares of the company’s stock valued at $344,441,000 after purchasing an additional 3,935,263 shares during the last quarter. Institutional investors and hedge funds 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.