Boundless Plain Holdings Ltd Invests $5.48 Million in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Boundless Plain Holdings Ltd purchased a new position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) during the 4th quarter, HoldingsChannel reports. The fund purchased 510,383 shares of the company’s stock, valued at approximately $5,476,000. Full Truck Alliance accounts for 1.7% of Boundless Plain Holdings Ltd’s holdings, making the stock its 13th largest position.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in shares of Full Truck Alliance by 274.9% in the second quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock worth $46,000 after purchasing an additional 2,845 shares during the period. Aquatic Capital Management LLC bought a new position in shares of Full Truck Alliance in the third quarter worth $51,000. Banque de Luxembourg S.A. bought a new position in shares of Full Truck Alliance in the fourth quarter worth $44,000. CoreCap Advisors LLC increased its holdings in shares of Full Truck Alliance by 2,000.0% in the fourth quarter. CoreCap Advisors LLC now owns 4,200 shares of the company’s stock worth $45,000 after purchasing an additional 4,000 shares during the period. Finally, Shen Neil Nanpeng bought a new position in shares of Full Truck Alliance in the third quarter worth $93,000. Institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Stock Down 5.1%

YMM opened at $8.37 on Friday. The stock has a market cap of $8.73 billion, a PE ratio of 14.68, a P/E/G ratio of 0.77 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 business’s fifty day simple moving average is $8.54 and its 200 day simple moving average is $9.89.

Full Truck Alliance (NYSE:YMM) last released its earnings results on Saturday, February 14th. The company reported $0.01 EPS for the quarter. The business had revenue of $456.32 million for the quarter. Full Truck Alliance had a return on equity of 10.63% and a net margin of 32.68%. As a group, equities analysts anticipate 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 firm also recently declared a dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th were given a dividend of $0.084 per share. This represents a yield of 201.0%. The ex-dividend date was Wednesday, April 8th. Full Truck Alliance’s dividend payout ratio is presently 28.07%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on YMM. Daiwa Securities Group cut shares of Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price target on the stock. in a report on Friday, March 13th. Citigroup reaffirmed a “buy” rating on shares of Full Truck Alliance in a report on Monday, April 20th. Morgan Stanley reissued an “overweight” rating on shares of Full Truck Alliance in a research note on Thursday, March 12th. JPMorgan Chase & Co. raised 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, Weiss Ratings raised Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Full Truck Alliance currently has a consensus rating of “Hold” and a consensus target price of $10.76.

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.