Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 65.8% during the third quarter, HoldingsChannel reports. The fund owned 3,426,014 shares of the company’s stock after acquiring an additional 1,360,147 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Full Truck Alliance were worth $28,333,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Bank of America Corp DE raised its stake in shares of Full Truck Alliance by 57.7% in the first quarter. Bank of America Corp DE now owns 2,515,788 shares of the company’s stock valued at $20,881,000 after acquiring an additional 920,948 shares during the period. Hsbc Holdings PLC boosted its stake in shares of Full Truck Alliance by 62.4% during the 1st quarter. Hsbc Holdings PLC now owns 1,975,692 shares of the company’s stock worth $16,301,000 after purchasing an additional 758,900 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Full Truck Alliance during the 1st quarter worth about $11,592,000. C WorldWide Group Holding A S grew its holdings in Full Truck Alliance by 0.8% during the 2nd quarter. C WorldWide Group Holding A S now owns 1,153,400 shares of the company’s stock valued at $9,366,000 after purchasing an additional 9,100 shares during the last quarter. Finally, Tidal Investments LLC grew its holdings in Full Truck Alliance by 55.1% during the 2nd quarter. Tidal Investments LLC now owns 770,588 shares of the company’s stock valued at $6,257,000 after purchasing an additional 273,851 shares during the last quarter. Institutional investors own 39.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group reissued a “buy” rating and issued a $13.36 price objective on shares of Full Truck Alliance in a research report on Wednesday, August 5th. JPMorgan Chase & Co. raised shares of Full Truck Alliance from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $8.60 to $10.00 in a research note on Monday, June 29th. Weiss Ratings upgraded Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 13th. Finally, Wall Street Zen raised Full Truck Alliance from a “hold” rating to a “buy” rating in a research note on Saturday. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $11.30.

Full Truck Alliance Price Performance

YMM stock opened at $8.28 on Friday. The business has a 50-day moving average price of $8.46 and a 200 day moving average price of $8.62. The company has a market capitalization of $8.63 billion, a P/E ratio of 14.03, a PEG ratio of 0.75 and a beta of 0.22. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $7.45 and a 1-year high of $13.40.

Full Truck Alliance (NYSE:YMM) last released its quarterly earnings data on Friday, August 14th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Full Truck Alliance had a net margin of 33.07% and a return on equity of 10.68%. The company had revenue of $497.73 million during the quarter, compared to analyst estimates of $463.13 million. On average, analysts anticipate that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.71 earnings per share for the current fiscal year.

Full Truck Alliance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 14th will be issued a $0.0840 dividend. The ex-dividend date is Wednesday, October 14th. This represents a $0.34 annualized dividend and a dividend yield of 4.1%. Full Truck Alliance’s payout ratio is currently 57.63%.

Full Truck Alliance Profile

Full Truck Alliance Co Ltd. is a China-based digital freight platform that connects shippers with truck drivers and logistics companies. The company operates through its Yunmanman and Huochebang platforms, which help users find transportation capacity, arrange shipments and manage freight transactions through online tools.

Its services are designed to improve the efficiency of China’s road freight industry by matching cargo with available trucks and providing information and transaction support.