Capital International Investors Grows Stock Holdings in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Capital International Investors grew its stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 13.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,533,004 shares of the company’s stock after acquiring an additional 2,020,514 shares during the quarter. Capital International Investors owned about 1.58% of Full Truck Alliance worth $177,399,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Banque de Luxembourg S.A. acquired a new stake in shares of Full Truck Alliance in the 4th quarter worth $44,000. CoreCap Advisors LLC increased its stake in shares of Full Truck Alliance by 2,000.0% in the 4th quarter. CoreCap Advisors LLC now owns 4,200 shares of the company’s stock worth $45,000 after acquiring an additional 4,000 shares during the last quarter. EverSource Wealth Advisors LLC increased 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 acquiring an additional 2,845 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in shares of Full Truck Alliance during the 3rd quarter worth $51,000. Finally, Shen Neil Nanpeng purchased a new position in shares of Full Truck Alliance during the 3rd quarter worth $93,000. 39.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on YMM. JPMorgan Chase & Co. upgraded Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 price target for the company in a report on Wednesday, April 1st. Bank of America started coverage on Full Truck Alliance in a report on Tuesday, May 5th. They set a “buy” rating and a $11.30 price target for the company. Citigroup reissued a “buy” rating on shares of Full Truck Alliance in a research note on Monday, April 20th. Morgan Stanley reissued an “overweight” rating on shares of Full Truck Alliance in a research note on Thursday, March 12th. Finally, Weiss Ratings raised Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $10.76.

Full Truck Alliance Stock Performance

Full Truck Alliance stock opened at $8.35 on Tuesday. Full Truck Alliance Co. Ltd. Sponsored ADR has a fifty-two week low of $8.04 and a fifty-two week high of $14.07. The company has a market capitalization of $8.70 billion, a P/E ratio of 14.64, a PEG ratio of 0.79 and a beta of 0.30. The stock has a 50-day simple moving average of $8.62 and a 200-day simple moving average of $9.60.

Full Truck Alliance (NYSE:YMM) last posted its earnings results on Saturday, February 14th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $456.32 million during the quarter. Full Truck Alliance had a return on equity of 10.52% and a net margin of 32.68%. As a group, analysts forecast 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 firm also recently disclosed a dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th were issued a $0.084 dividend. This represents a yield of 201.0%. The ex-dividend date of this dividend was Wednesday, April 8th. Full Truck Alliance’s payout ratio is currently 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.