Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Given Consensus Recommendation of “Hold” by Brokerages

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) has earned a consensus rating of “Hold” from the seven research firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $10.7571.

A number of equities analysts have weighed in on YMM shares. JPMorgan Chase & Co. raised Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 target price for the company in a research report on Wednesday, April 1st. Citigroup reaffirmed a “buy” rating on shares of Full Truck Alliance in a research report on Monday, April 20th. Bank of America began coverage on shares of Full Truck Alliance in a research report on Tuesday, May 5th. They set a “buy” rating and a $11.30 price target for the company. Daiwa Securities Group lowered 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 research report on Friday, March 13th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Full Truck Alliance in a research report on Thursday, March 12th.

Institutional Investors Weigh In On Full Truck Alliance

Several hedge funds and other institutional investors have recently made changes to their positions in the business. First Beijing Investment Ltd increased its position in shares of Full Truck Alliance by 73.8% during the 3rd quarter. First Beijing Investment Ltd now owns 68,645,580 shares of the company’s stock valued at $890,333,000 after purchasing an additional 29,150,926 shares during the last quarter. FIL Ltd increased its position in shares of Full Truck Alliance by 1.6% during the 4th quarter. FIL Ltd now owns 64,382,173 shares of the company’s stock valued at $690,821,000 after purchasing an additional 1,040,793 shares during the last quarter. Invesco Ltd. increased its position in shares of Full Truck Alliance by 7.5% during the 4th quarter. Invesco Ltd. now owns 58,272,671 shares of the company’s stock valued at $625,266,000 after purchasing an additional 4,049,322 shares during the last quarter. Schroder Investment Management Group increased its position in shares of Full Truck Alliance by 43.6% during the 4th quarter. Schroder Investment Management Group now owns 47,859,035 shares of the company’s stock valued at $513,527,000 after purchasing an additional 14,525,984 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Full Truck Alliance by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 33,004,634 shares of the company’s stock valued at $354,140,000 after acquiring an additional 461,147 shares during the period. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Stock Performance

Shares of NYSE:YMM opened at $8.65 on Wednesday. Full Truck Alliance has a fifty-two week low of $8.04 and a fifty-two week high of $14.07. The business has a 50-day simple moving average of $8.53 and a two-hundred day simple moving average of $9.81. The firm has a market cap of $9.02 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 0.77 and a beta of 0.30.

Full Truck Alliance (NYSE:YMM) last issued its earnings results on Saturday, February 14th. The company reported $0.01 earnings per share for the quarter. Full Truck Alliance had a return on equity of 10.52% and a net margin of 32.68%.The business had revenue of $456.32 million during the quarter. As a group, research analysts predict that Full Truck Alliance will post 0.66 earnings per share for the current year.

Full Truck Alliance Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th were given a dividend of $0.084 per share. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a dividend yield of 201.0%. Full Truck Alliance’s dividend payout ratio is presently 24.56%.

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.