Fideuram Asset Management Ireland dac Takes $4.02 Million Position in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Fideuram Asset Management Ireland dac acquired a new stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 344,209 shares of the company’s stock, valued at approximately $4,024,000.

Several other institutional investors have also modified their holdings of the business. Capital International Investors acquired a new stake in Full Truck Alliance in the 3rd quarter valued at approximately $188,227,000. OPTIMAS CAPITAL Ltd acquired a new stake in Full Truck Alliance in the 3rd quarter valued at approximately $6,458,000. Carrhae Capital LLP acquired a new stake in Full Truck Alliance in the 3rd quarter valued at approximately $34,692,000. SG Americas Securities LLC raised its position in Full Truck Alliance by 534.0% in the 4th quarter. SG Americas Securities LLC now owns 1,146,420 shares of the company’s stock valued at $12,301,000 after buying an additional 965,601 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in Full Truck Alliance by 36.9% in the 4th quarter. Nordea Investment Management AB now owns 2,326,558 shares of the company’s stock valued at $25,080,000 after buying an additional 627,118 shares during the last quarter. Institutional investors own 39.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on YMM shares. Bank of America started coverage on Full Truck Alliance in a research report on Tuesday, May 5th. They issued a “buy” rating and a $11.30 target price on the stock. Morgan Stanley reissued an “overweight” rating on shares of Full Truck Alliance in a research report on Thursday, March 12th. Weiss Ratings raised Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Citigroup reissued a “buy” rating on shares of Full Truck Alliance in a research report on Monday, April 20th. Finally, Daiwa Securities Group lowered Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 target price on the stock. in a research report on Friday, March 13th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $10.76.

Full Truck Alliance Stock Up 2.8%

NYSE:YMM opened at $8.86 on Friday. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 0.79 and a beta of 0.30. Full Truck Alliance Co. Ltd. Sponsored ADR has a twelve month low of $8.04 and a twelve month high of $14.07. The stock’s 50 day moving average price is $8.53 and its two-hundred day moving average price is $9.76.

Full Truck Alliance (NYSE:YMM) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $456.32 million for the quarter. Full Truck Alliance had a return on equity of 10.52% and a net margin of 32.68%. As a group, analysts anticipate that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 earnings per share for the current 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 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 payout ratio is 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.