Legal & General Group Plc increased its position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM – Free Report) by 18.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,775,293 shares of the company’s stock after buying an additional 278,108 shares during the quarter. Legal & General Group Plc owned 0.17% of Full Truck Alliance worth $19,048,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Capital International Investors acquired a new stake in Full Truck Alliance during the third quarter worth about $188,227,000. OPTIMAS CAPITAL Ltd acquired a new stake in Full Truck Alliance during the third quarter valued at approximately $6,458,000. Carrhae Capital LLP acquired a new stake in Full Truck Alliance during the third quarter valued at approximately $34,692,000. SG Americas Securities LLC boosted its holdings in Full Truck Alliance by 534.0% during the fourth quarter. SG Americas Securities LLC now owns 1,146,420 shares of the company’s stock valued at $12,301,000 after purchasing an additional 965,601 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in Full Truck Alliance by 36.9% during the fourth quarter. Nordea Investment Management AB now owns 2,326,558 shares of the company’s stock valued at $25,080,000 after purchasing an additional 627,118 shares in the last quarter. 39.02% of the stock is owned by institutional investors and hedge funds.
Full Truck Alliance Price Performance
Shares of YMM opened at $9.04 on Tuesday. The company has a market capitalization of $9.42 billion, a P/E ratio of 15.86, a PEG ratio of 0.81 and a beta of 0.30. Full Truck Alliance Co. Ltd. Sponsored ADR has a one year low of $8.04 and a one year high of $14.07. The business’s 50 day simple moving average is $8.55 and its 200-day simple moving average is $9.71.
Full Truck Alliance Dividend Announcement
The company also recently disclosed a dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th were issued a dividend of $0.084 per share. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a yield of 201.0%. Full Truck Alliance’s dividend payout ratio is currently 24.56%.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 price objective on the stock in a report on Wednesday, April 1st. Weiss Ratings raised Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. 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 report on Friday, March 13th. Morgan Stanley reaffirmed an “overweight” rating on shares of Full Truck Alliance in a report on Thursday, March 12th. Finally, Bank of America assumed coverage on Full Truck Alliance in a report on Tuesday, May 5th. They set a “buy” rating and a $11.30 price objective on the stock. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Full Truck Alliance presently has a consensus rating of “Hold” and a consensus price target of $10.76.
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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