Capital International Investors grew its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM – Free Report) by 13.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 16,533,004 shares of the company’s stock after purchasing an additional 2,020,514 shares during the period. Capital International Investors’ holdings in Full Truck Alliance were worth $177,399,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of YMM. Schroder Investment Management Group lifted its position 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 acquiring an additional 32,179,501 shares during the period. First Beijing Investment Ltd lifted its position 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 acquiring an additional 29,150,926 shares during the period. Invesco Ltd. lifted its position 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 acquiring an additional 21,628,993 shares during the period. Norges Bank acquired a new stake in shares of Full Truck Alliance during the 4th quarter valued at approximately $92,523,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Full Truck Alliance by 65.5% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 17,625,617 shares of the company’s stock valued at $189,123,000 after acquiring an additional 6,977,787 shares during the period. 39.02% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have recently issued reports on YMM. Weiss Ratings upgraded shares of Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Bank of America began coverage on shares of Full Truck Alliance in a research note on Tuesday, May 5th. They set 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 note on Monday, April 20th. JPMorgan Chase & Co. raised shares of Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 price objective for the company in a research note on Wednesday, April 1st. Finally, Daiwa Securities Group downgraded Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a research report on Friday, March 13th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $10.76.
Full Truck Alliance Stock Down 2.9%
Shares of NYSE:YMM opened at $8.35 on Tuesday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 52-week low of $8.04 and a 52-week high of $14.07. The stock’s fifty day simple moving average is $8.62 and its 200-day simple moving average is $9.60. The company has a market capitalization of $8.70 billion, a P/E ratio of 14.64, a P/E/G ratio of 0.79 and a beta of 0.30.
Full Truck Alliance (NYSE:YMM – Get Free Report) last announced its earnings results on Saturday, February 14th. The company reported $0.01 earnings per share (EPS) for the quarter. Full Truck Alliance had a net margin of 32.68% and a return on equity of 10.52%. The firm had revenue of $456.32 million for the quarter. On average, sell-side 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 company also recently announced a dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th were given a dividend of $0.084 per share. The ex-dividend date was Wednesday, April 8th. This represents a yield of 201.0%. Full Truck Alliance’s dividend payout ratio (DPR) is 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.
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