Shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $11.2956.
A number of research firms have recently issued reports on YMM. Weiss Ratings cut shares of Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Nomura set a $11.00 price target on Full Truck Alliance in a research note on Monday, June 15th. JPMorgan Chase & Co. upgraded Full Truck Alliance from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $8.60 to $10.00 in a report on Monday, June 29th. Finally, UBS Group reiterated a “buy” rating and issued a $13.36 price target on shares of Full Truck Alliance in a report on Wednesday, August 5th.
View Our Latest Research Report on YMM
Institutional Trading of Full Truck Alliance
Several hedge funds have recently bought and sold shares of YMM. Caitong International Asset Management Co. Ltd increased its stake in Full Truck Alliance by 150.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company’s stock valued at $32,000 after purchasing an additional 1,762 shares in the last quarter. Parallel Advisors LLC bought a new position in shares of Full Truck Alliance in the first quarter valued at $25,000. Rockefeller Capital Management L.P. bought a new position in shares of Full Truck Alliance in the fourth quarter valued at $39,000. EverSource Wealth Advisors LLC grew 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 valued at $46,000 after buying an additional 2,845 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in shares of Full Truck Alliance during the third quarter valued at about $51,000. Institutional investors and hedge funds own 39.02% of the company’s stock.
Full Truck Alliance Stock Down 0.8%
Shares of NYSE YMM opened at $8.56 on Friday. The firm has a market cap of $8.92 billion, a PE ratio of 14.51, a P/E/G ratio of 0.74 and a beta of 0.23. Full Truck Alliance has a 12-month low of $7.45 and a 12-month high of $14.07. The company’s fifty day simple moving average is $8.91 and its 200 day simple moving average is $8.75.
Full Truck Alliance (NYSE:YMM – Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. Full Truck Alliance had a net margin of 33.07% and a return on equity of 10.68%. The firm had revenue of $497.73 million during the quarter, compared to the consensus estimate of $463.13 million. On average, equities analysts predict that Full Truck Alliance will post 0.71 earnings per share for the current year.
Full Truck Alliance Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 14th will be given a dividend of $0.084 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, October 14th. Full Truck Alliance’s dividend payout ratio is presently 54.24%.
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.
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