BLI Banque de Luxembourg Investments Acquires 220,000 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

BLI Banque de Luxembourg Investments grew its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 84.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 482,000 shares of the company’s stock after purchasing an additional 220,000 shares during the period. BLI Banque de Luxembourg Investments’ holdings in Full Truck Alliance were worth $5,266,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Royal Bank of Canada increased its holdings 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 worth $444,000 after acquiring an additional 22,001 shares during the period. Geode Capital Management LLC increased its holdings 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 worth $1,887,000 after acquiring an additional 16,591 shares during the period. EverSource Wealth Advisors LLC increased its holdings 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 worth $46,000 after acquiring an additional 2,845 shares during the period. California Public Employees Retirement System increased its holdings 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 worth $13,400,000 after acquiring an additional 83,434 shares during the period. Finally, Daiwa Securities Group Inc. bought a new stake in Full Truck Alliance during the 2nd quarter worth approximately $118,000. Institutional investors own 39.02% of the company’s stock.

Wall Street Analyst Weigh In

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

Full Truck Alliance Price Performance

Shares of NYSE:YMM opened at $8.26 on Wednesday. The company’s fifty day moving average price is $8.62 and its 200-day moving average price is $9.58. The firm has a market capitalization of $8.61 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 0.77 and a beta of 0.30. Full Truck Alliance Co. Ltd. Sponsored ADR has a one year low of $8.04 and a one year high of $14.07.

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

Full Truck Alliance Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th were issued 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 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.