Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Shares Acquired by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. raised its stake in Full Truck Alliance by 1.4% in Q4, buying 461,147 shares to hold 33,004,634 shares (about 3.16% of the company) valued at $354.14 million.
• Analysts present a mixed view: the stock has a consensus rating of Hold with a $11.41 target, while Bank of America initiated a "buy" ($11.30) and Morgan Stanley is "overweight," but Weiss and Daiwa recently downgraded the shares.
• Shares opened at $8.94 (1‑year range $8.04–$14.07) with a market cap of roughly $9.32 billion and a P/E of about 14.9; the company recently paid a $0.084 dividend with a reported payout ratio of 23.33%.

Vanguard Group Inc. grew its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,004,634 shares of the company's stock after acquiring an additional 461,147 shares during the period. Vanguard Group Inc. owned about 3.16% of Full Truck Alliance worth $354,140,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Capital International Investors acquired a new position in shares of Full Truck Alliance in the third quarter worth $188,227,000. Nordea Investment Management AB acquired a new position in shares of Full Truck Alliance in the third quarter worth $22,237,000. Carrhae Capital LLP acquired a new position in shares of Full Truck Alliance during the third quarter worth $34,692,000. OPTIMAS CAPITAL Ltd acquired a new position in shares of Full Truck Alliance during the third quarter worth $6,458,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Full Truck Alliance by 76.4% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,647,830 shares of the company's stock worth $138,102,000 after purchasing an additional 4,611,050 shares in the last quarter. Institutional investors and hedge funds own 39.02% of the company's stock.

Analyst Ratings Changes

YMM has been the subject of a number of analyst reports. Bank of America initiated coverage on shares of Full Truck Alliance in a research note on Tuesday. They set a "buy" rating and a $11.30 target price for the company. Morgan Stanley reiterated an "overweight" rating on shares of Full Truck Alliance in a research note on Thursday, March 12th. Citigroup reiterated a "buy" rating on shares of Full Truck Alliance in a research note on Monday, April 20th. Weiss Ratings downgraded shares of Full Truck Alliance from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, January 13th. Finally, Daiwa Securities Group downgraded shares of Full Truck Alliance from a "buy" rating to a "neutral" rating and set a $9.00 target price for the company. in a research note on Friday, March 13th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Full Truck Alliance presently has a consensus rating of "Hold" and a consensus target price of $11.41.

Full Truck Alliance Price Performance

Shares of YMM opened at $8.94 on Friday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $8.04 and a 1-year high of $14.07. The stock has a market cap of $9.32 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 0.83 and a beta of 0.30. The firm has a fifty day moving average price of $8.65 and a 200 day moving average price of $10.19.

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 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 during the quarter. As a group, equities analysts expect that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 EPS for the current fiscal year.

Full Truck Alliance Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th were given a $0.084 dividend. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a yield of 201.0%. Full Truck Alliance's 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.