Robeco Institutional Asset Management B.V. Buys 334,124 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Robeco Institutional Asset Management B.V. lifted its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 13.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,811,870 shares of the company’s stock after acquiring an additional 334,124 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.27% of Full Truck Alliance worth $30,171,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Compound Planning Inc. lifted its holdings in shares of Full Truck Alliance by 7.0% during the 3rd quarter. Compound Planning Inc. now owns 15,948 shares of the company’s stock worth $207,000 after acquiring an additional 1,048 shares during the last quarter. CI Investments Inc. lifted its holdings in shares of Full Truck Alliance by 10.7% during the 3rd quarter. CI Investments Inc. now owns 10,924 shares of the company’s stock worth $142,000 after acquiring an additional 1,052 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Full Truck Alliance by 0.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 248,174 shares of the company’s stock worth $3,219,000 after acquiring an additional 1,410 shares during the last quarter. Parnassus Investments LLC lifted its holdings in shares of Full Truck Alliance by 12.1% during the 3rd quarter. Parnassus Investments LLC now owns 21,547 shares of the company’s stock worth $279,000 after acquiring an additional 2,333 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Full Truck Alliance by 274.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock worth $46,000 after acquiring an additional 2,845 shares during the last quarter. 39.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

YMM has been the subject of a number of research analyst reports. Daiwa Securities Group downgraded shares of Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price objective for the company. in a report on Friday, March 13th. Morgan Stanley reaffirmed an “overweight” rating on shares of Full Truck Alliance in a report on Thursday, March 12th. Weiss Ratings downgraded shares of Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 13th. JPMorgan Chase & Co. raised shares of Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 price target for the company in a research note on Wednesday, April 1st. Finally, iA Financial set a $8.00 price target on shares of Full Truck Alliance in a research note on Monday, January 12th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Full Truck Alliance presently has a consensus rating of “Hold” and an average target price of $11.43.

Full Truck Alliance Stock Up 1.7%

Full Truck Alliance stock opened at $8.41 on Tuesday. The company has a market capitalization of $8.80 billion, a PE ratio of 14.02 and a beta of 0.28. The firm has a fifty day simple moving average of $8.97 and a two-hundred day simple moving average of $10.66. Full Truck Alliance Co. Ltd. Sponsored ADR has a twelve month low of $8.04 and a twelve month high of $14.07.

Full Truck Alliance (NYSE:YMM) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $456.32 million during the quarter. Full Truck Alliance had a net margin of 35.22% and a return on equity of 11.33%. As a group, equities analysts expect that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.46 earnings per share for the current fiscal year.

Full Truck Alliance Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th will be paid a $0.084 dividend. The ex-dividend date of this dividend is Wednesday, April 8th. This represents a yield of 201.0%. Full Truck Alliance’s payout ratio is currently 23.33%.

Full Truck Alliance Company 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.