Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM – Get Free Report) has received an average rating of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $11.30.
A number of equities analysts recently issued reports on YMM shares. Wall Street Zen upgraded Full Truck Alliance from a “hold” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. upgraded Full Truck Alliance from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $8.60 to $10.00 in a research report on Monday, June 29th. Weiss Ratings upgraded shares of Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 13th. Finally, UBS Group restated a “buy” rating and set a $13.36 price objective on shares of Full Truck Alliance in a research report on Wednesday, August 5th.
Check Out Our Latest Report on Full Truck Alliance
Full Truck Alliance Price Performance
Full Truck Alliance stock opened at $8.28 on Friday. The firm has a market capitalization of $8.63 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 0.75 and a beta of 0.22. Full Truck Alliance has a 1-year low of $7.45 and a 1-year high of $13.40. The company’s 50-day moving average is $8.46 and its 200 day moving average is $8.62.
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. The firm had revenue of $497.73 million during the quarter, compared to the consensus estimate of $463.13 million. Full Truck Alliance had a net margin of 33.07% and a return on equity of 10.68%. Research analysts anticipate that Full Truck Alliance will post 0.71 earnings per share for the current fiscal year.
Full Truck Alliance Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 14th will be given a $0.0840 dividend. The ex-dividend date is Wednesday, October 14th. This represents a $0.34 dividend on an annualized basis and a yield of 4.1%. Full Truck Alliance’s payout ratio is currently 57.63%.
Hedge Funds Weigh In On Full Truck Alliance
Institutional investors and hedge funds have recently modified their holdings of the company. Parallel Advisors LLC acquired a new position in shares of Full Truck Alliance in the 1st quarter valued at approximately $25,000. Rockefeller Capital Management L.P. bought a new position in Full Truck Alliance during the 4th quarter worth $39,000. Handelsbanken Fonder AB grew its position in Full Truck Alliance by 2.7% in the 2nd quarter. Handelsbanken Fonder AB now owns 275,182 shares of the company’s stock worth $2,234,000 after purchasing an additional 7,284 shares during the last quarter. QRG Capital Management Inc. increased its position in Full Truck Alliance by 61.1% in the 2nd quarter. QRG Capital Management Inc. now owns 21,039 shares of the company’s stock valued at $171,000 after acquiring an additional 7,976 shares during the period. Finally, C WorldWide Group Holding A S lifted its holdings in Full Truck Alliance by 0.8% in the second quarter. C WorldWide Group Holding A S now owns 1,153,400 shares of the company’s stock worth $9,366,000 after purchasing an additional 9,100 shares during the period. Institutional investors and hedge funds own 39.02% of the company’s stock.
Full Truck Alliance Company Profile
Full Truck Alliance Co Ltd. is a China-based digital freight platform that connects shippers with truck drivers and logistics companies. The company operates through its Yunmanman and Huochebang platforms, which help users find transportation capacity, arrange shipments and manage freight transactions through online tools.
Its services are designed to improve the efficiency of China’s road freight industry by matching cargo with available trucks and providing information and transaction support.
Read More
- Five stocks we like better than Full Truck Alliance
- Spotify Soars After Earnings as the Company Touts AI Benefits and Moderating Costs
- Lockheed Martin’s Record $292 Billion Backlog Comes With a Delivery Test
- Palantir’s Next Big Test Isn’t a Partnership—It’s the Numbers
- Kinder Morgan’s $4.7 Billion Pipeline Bet Could Be Bigger Than Its Earnings Beat
Receive News & Ratings for Full Truck Alliance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Full Truck Alliance and related companies with MarketBeat.com's FREE daily email newsletter.
