National Pension Service Invests $1.71 Million in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Key Points

• National Pension Service purchased 210,469 shares of Full Truck Alliance, valued at approximately $1.71 million, during the second quarter. Institutional investors collectively own 39.02% of the company.
• Analysts maintain a generally positive outlook, with six Buy ratings and three Hold ratings. The stock has a consensus rating of “Moderate Buy” and an average price target of $11.30.
• Full Truck Alliance exceeded quarterly expectations, reporting $0.20 in EPS and $497.73 million in revenue. The company also declared a quarterly dividend of $0.084 per share, representing a 4.1% yield.

National Pension Service bought a new stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 210,469 shares of the company's stock, valued at approximately $1,709,000.

Several other hedge funds have also recently added to or reduced their stakes in YMM. C WorldWide Group Holding A S boosted its position in Full Truck Alliance by 0.8% during the 2nd quarter. C WorldWide Group Holding A S now owns 1,153,400 shares of the company's stock worth $9,366,000 after acquiring an additional 9,100 shares during the period. Nykredit A S acquired a new position in shares of Full Truck Alliance during the second quarter valued at $1,442,000. California State Teachers Retirement System acquired a new position in shares of Full Truck Alliance during the second quarter valued at $7,267,000. Public Employees Retirement System of Ohio bought a new stake in shares of Full Truck Alliance during the second quarter valued at about $1,418,000. Finally, E. Ohman J or Asset Management AB bought a new stake in shares of Full Truck Alliance during the second quarter valued at about $349,000. Institutional investors own 39.02% of the company's stock.

Wall Street Analyst Weigh In

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

Full Truck Alliance Price Performance

Shares of YMM opened at $8.14 on Monday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12-month low of $7.45 and a 12-month high of $14.07. The firm's 50 day moving average is $8.93 and its 200-day moving average is $8.70. The stock has a market capitalization of $8.49 billion, a P/E ratio of 13.80, a P/E/G ratio of 0.70 and a beta of 0.23.

Full Truck Alliance (NYSE:YMM - Get Free Report) last issued its earnings results on Friday, August 14th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $497.73 million for the quarter, compared to analysts' expectations of $463.13 million. As a group, equities research analysts forecast that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.71 EPS 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. Shareholders of record on Wednesday, October 14th will be issued a dividend of $0.084 per share. This represents a $0.34 annualized dividend and a yield of 4.1%. The ex-dividend date is Wednesday, October 14th. Full Truck Alliance's payout ratio is presently 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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