Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Shares Acquired by Carrhae Capital LLP

Carrhae Capital LLP boosted its stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 42.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,807,441 shares of the company’s stock after buying an additional 1,132,667 shares during the period. Full Truck Alliance accounts for 1.5% of Carrhae Capital LLP’s portfolio, making the stock its 21st biggest holding. Carrhae Capital LLP owned about 0.36% of Full Truck Alliance worth $40,854,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in YMM. Banque de Luxembourg S.A. acquired a new position in shares of Full Truck Alliance during the fourth quarter valued at approximately $44,000. CoreCap Advisors LLC increased its position in shares of Full Truck Alliance by 2,000.0% during the 4th quarter. CoreCap Advisors LLC now owns 4,200 shares of the company’s stock valued at $45,000 after purchasing an additional 4,000 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Full Truck Alliance by 274.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock worth $46,000 after buying an additional 2,845 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Full Truck Alliance in the third quarter valued at $51,000. Finally, Shen Neil Nanpeng bought a new position in Full Truck Alliance during the third quarter valued at about $93,000. 39.02% of the stock is owned by institutional investors and hedge funds.

Full Truck Alliance Stock Down 5.1%

Full Truck Alliance stock opened at $8.37 on Friday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12 month low of $8.04 and a 12 month high of $14.07. The company’s fifty day simple moving average is $8.54 and its 200-day simple moving average is $9.89. The stock has a market cap of $8.73 billion, a P/E ratio of 14.68, a P/E/G ratio of 0.81 and a beta of 0.30.

Full Truck Alliance (NYSE:YMM) last announced its quarterly earnings results on Saturday, February 14th. The company reported $0.01 earnings per share (EPS) for the quarter. Full Truck Alliance had a return on equity of 10.63% and a net margin of 32.68%.The business had revenue of $456.32 million during the quarter. On average, equities research analysts expect that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 earnings per share for the current fiscal year.

Full Truck Alliance Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th were given a $0.084 dividend. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a dividend yield of 201.0%. Full Truck Alliance’s payout ratio is currently 23.33%.

Analysts Set New Price Targets

YMM has been the subject of a number of research analyst reports. Daiwa Securities Group downgraded shares of Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price target for the company. in a report on Friday, March 13th. Bank of America assumed coverage on shares of Full Truck Alliance in a research note on Tuesday, May 5th. They set a “buy” rating and a $11.30 target price for the company. Weiss Ratings upgraded shares of Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. JPMorgan Chase & Co. upgraded Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 price objective for the company in a research report on Wednesday, April 1st. Finally, Citigroup restated a “buy” rating on shares of Full Truck Alliance in a report on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.