Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Shares Acquired by State of New Jersey Common Pension Fund D

Key Points

• State of New Jersey Common Pension Fund D boosted its stake in Full Truck Alliance by 45.2%, buying 155,286 additional shares to hold 498,759 shares valued at $5.352 million at quarter-end.
• Analyst coverage is mixed but leans to a consensus "Hold" rating (2 Buys, 4 Holds) with a consensus price target of $11.43 after recent upgrades and downgrades from firms including Citigroup, Morgan Stanley and JPMorgan.
• Shares opened at $8.61 (50-day $8.69, 200-day $10.27) with a market cap of $8.98 billion; the company reported $0.01 EPS for the quarter and paid a $0.084 dividend on April 22 (payout ratio 23.33%).

State of New Jersey Common Pension Fund D raised its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 45.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 498,759 shares of the company's stock after purchasing an additional 155,286 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Full Truck Alliance were worth $5,352,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Compound Planning Inc. lifted its stake in Full Truck Alliance by 7.0% during the 3rd quarter. Compound Planning Inc. now owns 15,948 shares of the company's stock valued at $207,000 after acquiring an additional 1,048 shares during the period. CI Investments Inc. lifted its stake in Full Truck Alliance by 10.7% during the 3rd quarter. CI Investments Inc. now owns 10,924 shares of the company's stock valued at $142,000 after acquiring an additional 1,052 shares during the period. Parnassus Investments LLC lifted its stake in Full Truck Alliance by 12.1% during the 3rd quarter. Parnassus Investments LLC now owns 21,547 shares of the company's stock valued at $279,000 after acquiring an additional 2,333 shares during the period. EverSource Wealth Advisors LLC lifted its stake 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 valued at $46,000 after acquiring an additional 2,845 shares during the period. Finally, WCM Investment Management LLC lifted its stake in Full Truck Alliance by 7.7% during the 3rd quarter. WCM Investment Management LLC now owns 49,762 shares of the company's stock valued at $651,000 after acquiring an additional 3,576 shares during the period. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

YMM has been the subject of several research reports. Citigroup restated a "buy" rating on shares of Full Truck Alliance in a research note on Monday, April 20th. JPMorgan Chase & Co. upgraded shares of Full Truck Alliance from an "underweight" rating to a "neutral" rating and set a $8.00 price objective for the company in a research note on Wednesday, April 1st. Daiwa Securities Group cut shares of Full Truck Alliance from a "buy" rating to a "neutral" rating and set a $9.00 price objective for the company. in a research note on Friday, March 13th. Morgan Stanley restated an "overweight" rating on shares of Full Truck Alliance in a research note on Thursday, March 12th. Finally, Weiss Ratings cut shares of Full Truck Alliance from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, January 13th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $11.43.

Full Truck Alliance Stock Performance

Shares of NYSE YMM opened at $8.61 on Monday. The company's fifty day moving average price is $8.69 and its 200 day moving average price is $10.27. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1 year low of $8.04 and a 1 year high of $14.07. The company has a market capitalization of $8.98 billion, a PE ratio of 14.35 and a beta of 0.30.

Full Truck Alliance (NYSE:YMM - Get Free Report) last announced its quarterly earnings results on Saturday, February 14th. The company reported $0.01 earnings per share (EPS) for the quarter. Full Truck Alliance had a net margin of 35.22% and a return on equity of 11.33%. The firm had revenue of $456.32 million for the quarter. On average, equities analysts expect that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 EPS for the current year.

Full Truck Alliance Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th were issued a dividend of $0.084 per share. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a yield of 201.0%. Full Truck Alliance's dividend payout ratio is 23.33%.

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.

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