Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Shares Bought by Tidal Investments LLC

Key Points

• Tidal Investments increased its Full Truck Alliance stake by 55.1% in the second quarter, purchasing 273,851 additional shares and bringing its holdings to 770,588 shares valued at approximately $6.26 million.
• Analysts maintain a generally positive outlook, with six Buy ratings and three Hold ratings. The stock has a “Moderate Buy” consensus rating and an average price target of $11.30, above its reported $8.14 price.
• Full Truck Alliance exceeded quarterly expectations, reporting $0.20 in EPS and $497.73 million in revenue, while also announcing a quarterly dividend of $0.084 per share, representing a 4.1% annualized yield.

Tidal Investments LLC lifted its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 55.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 770,588 shares of the company's stock after purchasing an additional 273,851 shares during the period. Tidal Investments LLC owned about 0.07% of Full Truck Alliance worth $6,257,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in YMM. Parallel Advisors LLC acquired a new stake in shares of Full Truck Alliance in the first quarter valued at about $25,000. Caitong International Asset Management Co. Ltd boosted its holdings in Full Truck Alliance by 150.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company's stock worth $32,000 after buying an additional 1,762 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new stake in Full Truck Alliance during the 4th quarter worth approximately $39,000. EverSource Wealth Advisors LLC increased 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 worth $46,000 after buying an additional 2,845 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in shares of Full Truck Alliance during the third quarter valued at approximately $51,000. Institutional investors and hedge funds own 39.02% of the company's stock.

Wall Street Analysts Forecast Growth

YMM has been the topic of a number of research analyst reports. Nomura set a $11.00 price target on Full Truck Alliance in a research note on Monday, June 15th. JPMorgan Chase & Co. upgraded Full Truck Alliance from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $8.60 to $10.00 in a report on Monday, June 29th. UBS Group reaffirmed a "buy" rating and set a $13.36 target price on shares of Full Truck Alliance in a research note on Wednesday, August 5th. Finally, Weiss Ratings raised shares of Full Truck Alliance from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $11.30.

Full Truck Alliance Stock Down 0.3%

Shares of NYSE:YMM opened at $8.14 on Monday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 52-week low of $7.45 and a 52-week high of $14.07. The stock has a market cap of $8.49 billion, a P/E ratio of 13.80, a PEG ratio of 0.70 and a beta of 0.23. The business has a fifty day moving average of $8.93 and a two-hundred day moving average of $8.70.

Full Truck Alliance (NYSE:YMM - Get Free Report) last posted its quarterly 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. The business had revenue of $497.73 million for the quarter, compared to analyst estimates of $463.13 million. Full Truck Alliance had a return on equity of 10.68% and a net margin of 33.07%. On average, equities analysts anticipate that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.71 earnings per share for the current year.

Full Truck Alliance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 14th will be paid 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 4.1%. Full Truck Alliance's payout ratio is 54.24%.

Full Truck Alliance Profile

Full Truck Alliance Co Ltd., also known as Manbang Group, operates a digital freight platform in China. Through its mobile applications and online services, the company connects shippers seeking transportation with truckers and logistics service providers, helping facilitate the movement of cargo by road.

The company's platform supports freight listing and matching, allowing shippers to post transportation requirements and truckers to identify available loads. Full Truck Alliance also provides services intended to support freight transactions and logistics operations, including online information, communication, and related technology tools for participants in the road transportation market.

Full Truck Alliance was formed in 2017 through the combination of Yunmanman and Huochebang, two Chinese freight-information platforms.

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