Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Receives Average Recommendation of “Moderate Buy” from Brokerages

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) has received a consensus rating of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $10.7875.

YMM has been the topic of several research reports. Daiwa Securities Group cut Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price target on the stock. in a report on Friday, March 13th. Nomura set a $11.00 price target on Full Truck Alliance in a report on Monday, June 15th. Citigroup reaffirmed a “buy” rating on shares of Full Truck Alliance in a 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 on the stock in a report on Wednesday, April 1st. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Full Truck Alliance in a report on Thursday, March 12th.

Institutional Trading of Full Truck Alliance

Several large investors have recently added to or reduced their stakes in YMM. Schroder Investment Management Group raised its stake in Full Truck Alliance by 2,789.6% during the 3rd quarter. Schroder Investment Management Group now owns 33,333,051 shares of the company’s stock valued at $432,330,000 after purchasing an additional 32,179,501 shares during the period. First Beijing Investment Ltd raised its stake in 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 period. Invesco Ltd. raised its stake in Full Truck Alliance by 66.4% during the 3rd quarter. Invesco Ltd. now owns 54,223,349 shares of the company’s stock valued at $703,277,000 after purchasing an additional 21,628,993 shares during the period. Capital International Investors acquired a new stake in Full Truck Alliance during the 3rd quarter valued at $188,227,000. Finally, OLP CAPITAL MANAGEMENT Ltd raised its stake in Full Truck Alliance by 198.7% during the 4th quarter. OLP CAPITAL MANAGEMENT Ltd now owns 15,007,851 shares of the company’s stock valued at $161,034,000 after purchasing an additional 9,983,779 shares during the period. 39.02% of the stock is owned by institutional investors and hedge funds.

Full Truck Alliance Stock Performance

NYSE YMM opened at $7.79 on Friday. The stock has a market capitalization of $8.12 billion, a P/E ratio of 13.66, a P/E/G ratio of 0.72 and a beta of 0.30. Full Truck Alliance has a 1 year low of $7.77 and a 1 year high of $14.07. The business’s fifty day moving average is $8.61 and its two-hundred day moving average is $9.44.

Full Truck Alliance (NYSE:YMM) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.01 earnings per share (EPS) for the quarter. The company 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%. On average, research analysts forecast that Full Truck Alliance will post 0.69 earnings per share for the current year.

Full Truck Alliance Company 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.