Public Employees Retirement System of Ohio lowered its position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM – Free Report) by 53.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 143,720 shares of the company’s stock after selling 162,124 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Full Truck Alliance were worth $1,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in YMM. Parallel Advisors LLC acquired a new stake in Full Truck Alliance during the 1st quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd increased its position in Full Truck Alliance by 150.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company’s stock valued at $32,000 after acquiring an additional 1,762 shares during the period. Rockefeller Capital Management L.P. acquired a new position in Full Truck Alliance in the 4th quarter valued at approximately $39,000. Banque de Luxembourg S.A. bought a new position in shares of Full Truck Alliance during the fourth quarter valued at $44,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Full Truck Alliance by 274.9% during 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. Institutional investors own 39.02% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on YMM shares. Weiss Ratings cut shares of Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 23rd. Bank of America assumed coverage on 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. Citigroup reaffirmed a “buy” rating on shares of Full Truck Alliance in a report on Monday, April 20th. JPMorgan Chase & Co. upgraded Full Truck Alliance from a “neutral” rating to an “overweight” rating and upped their price target for the company from $8.60 to $10.00 in a research report on Monday, June 29th. Finally, Nomura set a $11.00 price target on Full Truck Alliance in a research note on Monday, June 15th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $11.04.
Full Truck Alliance Stock Up 2.4%
Shares of NYSE YMM opened at $9.71 on Tuesday. Full Truck Alliance Co. Ltd. Sponsored ADR has a twelve month low of $7.45 and a twelve month high of $14.07. The firm has a fifty day simple moving average of $8.65 and a 200 day simple moving average of $8.90. The company has a market capitalization of $10.13 billion, a PE ratio of 17.04, a P/E/G ratio of 0.83 and a beta of 0.35.
Full Truck Alliance Dividend Announcement
The firm also recently declared a dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th were issued a dividend of $0.084 per share. This represents a yield of 201.0%. The ex-dividend date was Tuesday, July 7th. Full Truck Alliance’s dividend payout ratio (DPR) is presently 28.07%.
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.
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