Shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM – Get Free Report) have been given an average rating of “Moderate Buy” by the eight ratings firms that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $10.7875.
YMM has been the topic of a number of recent research reports. 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. Nomura set a $11.00 target price on Full Truck Alliance in a research note on Monday, June 15th. Bank of America initiated coverage on Full Truck Alliance in a research note on Tuesday, May 5th. They issued a “buy” rating and a $11.30 target price on the stock. Weiss Ratings downgraded Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Finally, Morgan Stanley restated an “overweight” rating on shares of Full Truck Alliance in a research note on Thursday, March 12th.
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Full Truck Alliance Trading Down 0.2%
Full Truck Alliance (NYSE:YMM – Get Free Report) last issued its earnings results on Saturday, February 14th. The company reported $0.01 EPS for the quarter. Full Truck Alliance had a return on equity of 10.52% and a net margin of 32.68%.The firm had revenue of $456.32 million for the quarter. On average, sell-side analysts forecast that Full Truck Alliance will post 0.69 EPS for the current year.
Hedge Funds Weigh In On Full Truck Alliance
Hedge funds have recently bought and sold shares of the business. Compound Planning Inc. lifted its stake in Full Truck Alliance by 7.0% during the third quarter. Compound Planning Inc. now owns 15,948 shares of the company’s stock worth $207,000 after purchasing an additional 1,048 shares during the period. CI Investments Inc. lifted its stake in Full Truck Alliance by 10.7% during the third quarter. CI Investments Inc. now owns 10,924 shares of the company’s stock worth $142,000 after purchasing an additional 1,052 shares during the period. Parnassus Investments LLC lifted its stake in Full Truck Alliance by 7.1% during the fourth quarter. Parnassus Investments LLC now owns 23,076 shares of the company’s stock worth $248,000 after purchasing an additional 1,529 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in Full Truck Alliance by 150.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company’s stock worth $32,000 after purchasing an additional 1,762 shares during the period. Finally, Capital International Sarl lifted its stake in Full Truck Alliance by 0.8% during the fourth quarter. Capital International Sarl now owns 266,548 shares of the company’s stock worth $2,860,000 after purchasing an additional 2,030 shares during the period. 39.02% of the stock is owned by institutional investors and hedge funds.
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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