Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Stake Lessened by Perpetual Ltd

Perpetual Ltd trimmed its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 22.5% during the fourth quarter, HoldingsChannel reports. The fund owned 853,980 shares of the company’s stock after selling 247,926 shares during the quarter. Perpetual Ltd’s holdings in Full Truck Alliance were worth $9,163,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in YMM. Amiral Gestion lifted its position in shares of Full Truck Alliance by 106.8% during the third quarter. Amiral Gestion now owns 455,000 shares of the company’s stock worth $5,901,000 after purchasing an additional 235,000 shares during the last quarter. Capital International Investors bought a new stake in Full Truck Alliance in the third quarter valued at about $188,227,000. Alkeon Capital Management LLC increased its holdings in Full Truck Alliance by 5.7% in the second quarter. Alkeon Capital Management LLC now owns 14,698,535 shares of the company’s stock valued at $173,590,000 after buying an additional 790,000 shares during the last quarter. Nordea Investment Management AB acquired a new stake in Full Truck Alliance during the third quarter valued at approximately $22,237,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in 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 buying an additional 4,611,050 shares during the last quarter. 39.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Full Truck Alliance Trading Down 0.2%

Shares of Full Truck Alliance stock opened at $8.20 on Friday. The stock has a market capitalization of $8.57 billion, a price-to-earnings ratio of 13.66 and a beta of 0.28. Full Truck Alliance Co. Ltd. Sponsored ADR has a twelve month low of $8.04 and a twelve month high of $14.07. The business’s 50 day simple moving average is $9.18 and its 200-day simple moving average is $10.90.

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

Full Truck Alliance Dividend Announcement

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

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.