Pictet Asset Management Holding SA Sells 679,282 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Key Points

• Pictet Asset Management cut its stake in Full Truck Alliance by 54.5% in Q4, selling 679,282 shares and now holds 567,782 shares (about 0.05% of the company) worth roughly $6.09 million.
• The stock has a market cap of $8.98 billion and was trading near $8.61 with a 52-week range of $8.04–$14.07, and the company recently paid a $0.084 per-share dividend.
• Analysts are mixed: the consensus rating is "Hold" with a $11.43 consensus target, following recent actions including Morgan Stanley's overweight, JPMorgan moving to neutral with an $8 target, Citigroup's buy, and Daiwa's downgrade to neutral with a $9 target.

Pictet Asset Management Holding SA cut its stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 54.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 567,782 shares of the company's stock after selling 679,282 shares during the period. Pictet Asset Management Holding SA owned 0.05% of Full Truck Alliance worth $6,092,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of YMM. Royal Bank of Canada raised its stake in shares of Full Truck Alliance by 172.4% in the first quarter. Royal Bank of Canada now owns 34,765 shares of the company's stock worth $444,000 after acquiring an additional 22,001 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Full Truck Alliance by 11.6% in the second quarter. Geode Capital Management LLC now owns 159,770 shares of the company's stock worth $1,887,000 after acquiring an additional 16,591 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Full Truck Alliance by 274.9% in the second quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company's stock worth $46,000 after acquiring an additional 2,845 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Full Truck Alliance by 7.9% in the second quarter. California Public Employees Retirement System now owns 1,134,627 shares of the company's stock worth $13,400,000 after acquiring an additional 83,434 shares during the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in shares of Full Truck Alliance in the second quarter worth about $118,000. 39.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

YMM has been the subject of a number of research analyst reports. Morgan Stanley reaffirmed an "overweight" rating on shares of Full Truck Alliance in a research note on Thursday, March 12th. JPMorgan Chase & Co. raised shares of Full Truck Alliance from an "underweight" rating to a "neutral" rating and set a $8.00 price target for the company in a research note on Wednesday, April 1st. Citigroup reissued a "buy" rating on shares of Full Truck Alliance in a research note on Monday, April 20th. iA Financial set a $8.00 price target on shares of Full Truck Alliance in a research note on Monday, January 12th. Finally, Daiwa Securities Group downgraded shares of Full Truck Alliance from a "buy" rating to a "neutral" rating and set a $9.00 price target for the company. in a research note on Friday, March 13th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $11.43.

Full Truck Alliance Price Performance

YMM opened at $8.61 on Monday. The company has a market cap of $8.98 billion, a price-to-earnings ratio of 14.35 and a beta of 0.30. The firm has a 50 day simple moving average of $8.69 and a 200 day simple moving average of $10.27. Full Truck Alliance Co. Ltd. Sponsored ADR has a fifty-two week low of $8.04 and a fifty-two week high of $14.07.

Full Truck Alliance (NYSE:YMM - Get Free Report) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $456.32 million during the quarter. Full Truck Alliance had a net margin of 35.22% and a return on equity of 11.33%. As a group, analysts expect that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 EPS for the current year.

Full Truck Alliance Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th were issued a dividend of $0.084 per share. The ex-dividend date was Wednesday, April 8th. This represents a yield of 201.0%. Full Truck Alliance's payout ratio is currently 23.33%.

About Full Truck Alliance

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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