Nykredit A S Acquires New Position in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Key Points

• Nykredit A/S acquired 229,254 shares of Full Truck Alliance, valued at approximately $1.86 million. Institutional investors and hedge funds collectively own 39.02% of the company.
• Analyst sentiment remains favorable, with six Buy ratings and three Holds producing a consensus “Moderate Buy” rating and an average price target of $11.30, versus shares trading near $8.64.
• Full Truck Alliance exceeded quarterly expectations, reporting $0.20 in EPS and $497.73 million in revenue. The company also announced a quarterly dividend of $0.084 per share, representing a 3.9% annualized yield.

Nykredit A S acquired a new stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 229,254 shares of the company's stock, valued at approximately $1,862,000.

A number of other institutional investors have also recently bought and sold shares of the business. Parnassus Investments LLC boosted its holdings in shares of Full Truck Alliance by 7.1% during the 4th quarter. Parnassus Investments LLC now owns 23,076 shares of the company's stock valued at $248,000 after acquiring an additional 1,529 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in Full Truck Alliance by 150.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company's stock worth $32,000 after acquiring an additional 1,762 shares during the last quarter. Capital International Sarl increased its holdings in Full Truck Alliance by 0.8% in the 4th quarter. Capital International Sarl now owns 266,548 shares of the company's stock worth $2,860,000 after purchasing an additional 2,030 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Full Truck Alliance by 34.5% in the 4th quarter. Wells Fargo & Company MN now owns 9,258 shares of the company's stock worth $99,000 after purchasing an additional 2,373 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its position in Full Truck Alliance by 23.1% in the fourth quarter. Hantz Financial Services Inc. now owns 13,946 shares of the company's stock valued at $150,000 after purchasing an additional 2,613 shares during the last quarter. Institutional investors and hedge funds own 39.02% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on YMM. UBS Group reissued a "buy" rating and set a $13.36 price target on shares of Full Truck Alliance in a research note on Wednesday, August 5th. Weiss Ratings lowered shares of Full Truck Alliance from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, August 21st. JPMorgan Chase & Co. upgraded shares of 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. Finally, Nomura set a $11.00 target price on shares of Full Truck Alliance in a research report on Monday, June 15th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $11.30.

Full Truck Alliance Stock Down 0.1%

Shares of NYSE YMM opened at $8.64 on Tuesday. The company has a market capitalization of $9.01 billion, a PE ratio of 14.64, a P/E/G ratio of 0.74 and a beta of 0.23. Full Truck Alliance Co. Ltd. Sponsored ADR has a twelve month low of $7.45 and a twelve month high of $14.07. The firm has a fifty day simple moving average of $8.94 and a 200 day simple moving average of $8.73.

Full Truck Alliance (NYSE:YMM - Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. Full Truck Alliance had a net margin of 33.07% and a return on equity of 10.68%. The business had revenue of $497.73 million for the quarter, compared to analysts' expectations of $463.13 million. As a group, equities analysts expect that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.71 earnings per share for the current fiscal year.

Full Truck Alliance Dividend Announcement

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 $0.084 per share. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.34 annualized dividend and a dividend yield of 3.9%. Full Truck Alliance's dividend payout ratio (DPR) is 54.24%.

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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