BNP Paribas Financial Markets Sells 1,052,176 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

BNP Paribas Financial Markets lessened its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 40.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,552,183 shares of the company’s stock after selling 1,052,176 shares during the period. BNP Paribas Financial Markets’ holdings in Full Truck Alliance were worth $16,655,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Royal Bank of Canada raised its position in Full Truck Alliance by 172.4% during the 1st quarter. Royal Bank of Canada now owns 34,765 shares of the company’s stock valued at $444,000 after purchasing an additional 22,001 shares in the last quarter. Geode Capital Management LLC raised its position in Full Truck Alliance by 11.6% during the 2nd quarter. Geode Capital Management LLC now owns 159,770 shares of the company’s stock valued at $1,887,000 after purchasing an additional 16,591 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Full Truck Alliance by 274.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock valued at $46,000 after purchasing an additional 2,845 shares in the last quarter. California Public Employees Retirement System raised its position in Full Truck Alliance by 7.9% during the 2nd quarter. California Public Employees Retirement System now owns 1,134,627 shares of the company’s stock valued at $13,400,000 after purchasing an additional 83,434 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new stake in Full Truck Alliance during the 2nd quarter valued at $118,000. Institutional investors own 39.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on YMM shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Full Truck Alliance in a research report on Thursday, March 12th. Daiwa Securities Group lowered Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 target price for the company. in a research report on Friday, March 13th. Citigroup reissued a “buy” rating on shares of Full Truck Alliance in a research report on Monday, April 20th. JPMorgan Chase & Co. raised Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 price target for the company in a research report on Wednesday, April 1st. Finally, Weiss Ratings raised Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Full Truck Alliance has an average rating of “Hold” and an average target price of $10.76.

Full Truck Alliance Price Performance

Shares of YMM stock opened at $8.58 on Friday. The stock’s fifty day moving average price is $8.61 and its 200 day moving average price is $9.63. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $8.04 and a 1-year high of $14.07. The company has a market cap of $8.95 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 0.79 and a beta of 0.30.

Full Truck Alliance (NYSE:YMM) last announced its 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 10.52% and a net margin of 32.68%.The company had revenue of $456.32 million for the quarter. As a group, equities research analysts anticipate that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 earnings per share for the current year.

Full Truck Alliance Dividend Announcement

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

Full Truck Alliance 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.