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

Key Points

• Analyst sentiment is moderately bullish: Six of nine analysts rate Full Truck Alliance a buy, while three recommend holding the stock. The average 12-month price target is $11.30, above its recent $8.56 price.
• Quarterly results exceeded expectations: The company reported earnings of $0.20 per share versus the $0.19 consensus estimate and revenue of $497.73 million, topping expectations of $463.13 million.
• Shareholders are set to receive a dividend: Full Truck Alliance declared a quarterly dividend of $0.084 per share, equivalent to an annualized $0.34 payout and a 3.9% yield.

Shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nine ratings firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $11.2956.

A number of equities analysts recently commented on YMM shares. Weiss Ratings lowered Full Truck Alliance from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, August 21st. JPMorgan Chase & Co. upgraded shares of Full Truck Alliance from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $8.60 to $10.00 in a report on Monday, June 29th. Nomura set a $11.00 price objective on shares of Full Truck Alliance in a research note on Monday, June 15th. Finally, UBS Group reiterated a "buy" rating and set a $13.36 price objective on shares of Full Truck Alliance in a research report on Wednesday, August 5th.

Full Truck Alliance Stock Down 0.8%

NYSE YMM opened at $8.56 on Friday. The company has a market capitalization of $8.92 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 0.74 and a beta of 0.23. Full Truck Alliance has a twelve month low of $7.45 and a twelve month high of $14.07. The stock has a fifty day simple moving average of $8.91 and a 200 day simple moving average of $8.75.

Full Truck Alliance (NYSE:YMM - Get Free Report) last announced its earnings results on Friday, August 14th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. Full Truck Alliance had a return on equity of 10.68% and a net margin of 33.07%.The firm had revenue of $497.73 million for the quarter, compared to the consensus estimate of $463.13 million. Research analysts expect that Full Truck Alliance will post 0.71 earnings per share for the current fiscal year.

Full Truck Alliance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 14th will be given a dividend of $0.084 per share. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.34 dividend on an annualized basis and a yield of 3.9%. Full Truck Alliance's dividend payout ratio is 54.24%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. FIL Ltd lifted its stake in shares of Full Truck Alliance by 1.6% in the 4th quarter. FIL Ltd now owns 64,382,173 shares of the company's stock valued at $690,821,000 after purchasing an additional 1,040,793 shares during the period. Invesco Ltd. grew its stake in Full Truck Alliance by 7.5% during the fourth quarter. Invesco Ltd. now owns 58,272,671 shares of the company's stock worth $625,266,000 after purchasing an additional 4,049,322 shares during the period. Schroder Investment Management Group increased its holdings in Full Truck Alliance by 43.6% in the fourth quarter. Schroder Investment Management Group now owns 47,859,035 shares of the company's stock worth $513,527,000 after purchasing an additional 14,525,984 shares in the last quarter. Vanguard Group Inc. increased its holdings in Full Truck Alliance by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 33,004,634 shares of the company's stock worth $354,140,000 after purchasing an additional 461,147 shares in the last quarter. Finally, Krane Funds Advisors LLC lifted its stake in Full Truck Alliance by 14.0% in the fourth quarter. Krane Funds Advisors LLC now owns 32,100,736 shares of the company's stock valued at $344,441,000 after buying an additional 3,935,263 shares during the period. 39.02% of the stock is owned by institutional investors.

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.

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