Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Stock Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analysts rate Full Truck Alliance “Moderate Buy”: Six of nine analysts recommend buying the stock, while three rate it a hold. The average 12-month price target is $11.30, above its reported $8.28 price.
• Institutional ownership increased: Several hedge funds expanded their positions, and institutional investors collectively own 39.02% of the company.
• Strong quarterly results and dividend: Full Truck Alliance beat earnings and revenue estimates, reporting $0.20 in EPS and $497.73 million in revenue. It also announced a quarterly dividend of $0.084 per share, representing a 4.1% annualized 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 covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $11.30.

YMM has been the subject of several recent analyst reports. Wall Street Zen raised shares of Full Truck Alliance from a "hold" rating to a "buy" rating in a research report on Saturday. UBS Group reissued a "buy" rating and set a $13.36 target price on shares of Full Truck Alliance in a research report on Wednesday, August 5th. Weiss Ratings raised Full Truck Alliance from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, October 13th. Finally, JPMorgan Chase & Co. upgraded shares of Full Truck Alliance from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $8.60 to $10.00 in a report on Monday, June 29th.

Hedge Funds Weigh In On Full Truck Alliance

Several hedge funds and other institutional investors have recently modified their holdings of YMM. Robeco Institutional Asset Management B.V. boosted its stake in Full Truck Alliance by 65.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,426,014 shares of the company's stock worth $28,333,000 after purchasing an additional 1,360,147 shares in the last quarter. Bank of America Corp DE grew its position in shares of Full Truck Alliance by 57.7% during the 1st quarter. Bank of America Corp DE now owns 2,515,788 shares of the company's stock valued at $20,881,000 after acquiring an additional 920,948 shares during the period. Hsbc Holdings PLC raised its holdings in Full Truck Alliance by 62.4% in the 1st quarter. Hsbc Holdings PLC now owns 1,975,692 shares of the company's stock worth $16,301,000 after purchasing an additional 758,900 shares during the period. Renaissance Technologies LLC purchased a new position in Full Truck Alliance during the first quarter valued at $11,592,000. Finally, C WorldWide Group Holding A S increased its position in Full Truck Alliance by 0.8% in the second quarter. C WorldWide Group Holding A S now owns 1,153,400 shares of the company's stock worth $9,366,000 after buying an additional 9,100 shares in the last quarter. Hedge funds and other institutional investors own 39.02% of the company's stock.

Full Truck Alliance Stock Performance

YMM opened at $8.28 on Friday. Full Truck Alliance has a fifty-two week low of $7.45 and a fifty-two week high of $13.40. The company has a market capitalization of $8.63 billion, a P/E ratio of 14.03, a P/E/G ratio of 0.75 and a beta of 0.22. The stock has a fifty day moving average of $8.46 and a 200-day moving average of $8.62.

Full Truck Alliance (NYSE:YMM - Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. The company had revenue of $497.73 million for the quarter, compared to the consensus estimate of $463.13 million. Full Truck Alliance had a net margin of 33.07% and a return on equity of 10.68%. On average, equities research analysts predict that Full Truck Alliance will post 0.71 earnings per share for the current fiscal year.

Full Truck Alliance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 14th will be given a dividend of $0.0840 per share. The ex-dividend date is Wednesday, October 14th. This represents a $0.34 annualized dividend and a dividend yield of 4.1%. Full Truck Alliance's dividend payout ratio (DPR) is 57.63%.

Full Truck Alliance Company Profile

Full Truck Alliance Co Ltd. is a China-based digital freight platform that connects shippers with truck drivers and logistics companies. The company operates through its Yunmanman and Huochebang platforms, which help users find transportation capacity, arrange shipments and manage freight transactions through online tools.

Its services are designed to improve the efficiency of China's road freight industry by matching cargo with available trucks and providing information and transaction support.

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