Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Shares Sold by Amiral Gestion

Amiral Gestion decreased its holdings in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 59.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 185,000 shares of the company’s stock after selling 270,000 shares during the period. Full Truck Alliance makes up approximately 0.7% of Amiral Gestion’s investment portfolio, making the stock its 20th largest holding. Amiral Gestion’s holdings in Full Truck Alliance were worth $1,985,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Capital International Investors acquired a new stake in Full Truck Alliance in the third quarter valued at $188,227,000. Alkeon Capital Management LLC grew its position in Full Truck Alliance by 5.7% during the second quarter. Alkeon Capital Management LLC now owns 14,698,535 shares of the company’s stock worth $173,590,000 after buying an additional 790,000 shares during the period. Nordea Investment Management AB acquired a new stake in shares of Full Truck Alliance during the 3rd quarter valued at approximately $22,237,000. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Full Truck Alliance by 76.4% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,647,830 shares of the company’s stock worth $138,102,000 after acquiring an additional 4,611,050 shares in the last quarter. Finally, OPTIMAS CAPITAL Ltd purchased a new stake in Full Truck Alliance during the third quarter worth $6,458,000. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Full Truck Alliance Stock Performance

Shares of NYSE:YMM opened at $8.06 on Friday. The stock has a 50-day simple moving average of $9.34 and a 200-day simple moving average of $11.10. The stock has a market capitalization of $8.42 billion, a P/E ratio of 13.43 and a beta of 0.23. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1 year low of $8.04 and a 1 year high of $14.07.

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

Full Truck Alliance Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th will be given a dividend of $0.084 per share. This represents a yield of 203.0%. The ex-dividend date of this dividend is Wednesday, April 8th. Full Truck Alliance’s dividend payout ratio is 26.67%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Full Truck Alliance in a research note on Thursday, March 12th. JPMorgan Chase & Co. lowered Full Truck Alliance from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $11.00 to $8.00 in a research note on Monday, January 12th. iA Financial set a $8.00 price target on Full Truck Alliance in a report on Monday, January 12th. Weiss Ratings lowered Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 13th. Finally, Daiwa Securities Group cut Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price objective for the company. in a research report on Friday, March 13th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $11.43.

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.