Nykredit A S Invests $1.44 Million in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Key Points

• Nykredit A/S acquired 177,610 shares of Full Truck Alliance, worth approximately $1.44 million, while institutional investors collectively own 39.02% of the company.
• Full Truck Alliance exceeded quarterly expectations, reporting $0.20 in EPS versus $0.19 expected and $497.73 million in revenue versus $463.13 million projected.
• The company declared a quarterly dividend of $0.084 per share, equating to a 4.0% yield, while analysts maintain a “Moderate Buy” consensus with an average price target of $11.30 versus the stock’s $8.45 opening price.

Nykredit A S acquired a new position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 177,610 shares of the company's stock, valued at approximately $1,442,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BLI Banque de Luxembourg Investments raised its holdings in shares of Full Truck Alliance by 84.0% in the 4th quarter. BLI Banque de Luxembourg Investments now owns 482,000 shares of the company's stock valued at $5,266,000 after buying an additional 220,000 shares during the period. Harvest Fund Management Co. Ltd lifted its position in shares of Full Truck Alliance by 23.4% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 986,505 shares of the company's stock worth $11,502,000 after purchasing an additional 187,102 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Full Truck Alliance in the second quarter valued at approximately $1,418,000. Bank of America Corp DE grew its holdings in shares of Full Truck Alliance by 57.7% in the first quarter. Bank of America Corp DE now owns 2,515,788 shares of the company's stock valued at $20,881,000 after purchasing an additional 920,948 shares in the last quarter. Finally, Norges Bank purchased a new stake in Full Truck Alliance during the 4th quarter worth approximately $92,523,000. Institutional investors and hedge funds own 39.02% of the company's stock.

Full Truck Alliance Stock Performance

YMM opened at $8.45 on Wednesday. Full Truck Alliance Co. Ltd. Sponsored ADR has a one year low of $7.45 and a one year high of $14.07. The company has a market cap of $8.81 billion, a P/E ratio of 14.31, a PEG ratio of 0.70 and a beta of 0.23. The business's 50-day simple moving average is $8.87 and its 200-day simple moving average is $8.64.

Full Truck Alliance (NYSE:YMM - Get Free Report) last announced its 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, analysts predict that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.71 earnings per share for the current fiscal year.

Full Truck Alliance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 14th will be paid a dividend of $0.084 per share. This represents a $0.34 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, October 14th. Full Truck Alliance's payout ratio is 54.24%.

Analysts Set New Price Targets

YMM has been the topic of several analyst reports. Weiss Ratings upgraded Full Truck Alliance from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, September 9th. Nomura set a $11.00 price target on Full Truck Alliance in a report on Monday, June 15th. UBS Group reiterated a "buy" rating and issued a $13.36 price objective on shares of Full Truck Alliance in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. raised Full Truck Alliance from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $8.60 to $10.00 in a research report on Monday, June 29th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $11.30.

About Full Truck Alliance

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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