Public Employees Retirement System of Ohio Invests $1.42 Million in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Public Employees Retirement System of Ohio purchased a new position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 174,620 shares of the company's stock, valued at approximately $1,418,000.

Several other large investors also recently bought and sold shares of the business. FIL Ltd raised its holdings in Full Truck Alliance by 1.6% in the 4th quarter. FIL Ltd now owns 64,382,173 shares of the company's stock valued at $690,821,000 after acquiring an additional 1,040,793 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Full Truck Alliance by 7.5% during the 4th quarter. Invesco Ltd. now owns 58,272,671 shares of the company's stock worth $625,266,000 after purchasing an additional 4,049,322 shares during the last quarter. Schroder Investment Management Group grew its position in shares of Full Truck Alliance by 43.6% in the fourth quarter. Schroder Investment Management Group now owns 47,859,035 shares of the company's stock valued at $513,527,000 after purchasing an additional 14,525,984 shares in the last quarter. Krane Funds Advisors LLC grew its position in shares of Full Truck Alliance by 14.0% in the fourth quarter. Krane Funds Advisors LLC now owns 32,100,736 shares of the company's stock valued at $344,441,000 after purchasing an additional 3,935,263 shares in the last quarter. Finally, Kontiki Capital Management HK Ltd. grew its position in shares of Full Truck Alliance by 32.8% in the fourth quarter. Kontiki Capital Management HK Ltd. now owns 20,380,969 shares of the company's stock valued at $218,688,000 after purchasing an additional 5,032,179 shares in the last quarter. Hedge funds and other institutional investors own 39.02% of the company's stock.

Full Truck Alliance Price Performance

NYSE:YMM opened at $8.64 on Tuesday. The company's 50-day moving average is $8.94 and its two-hundred day moving average is $8.73. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $7.45 and a 1-year high of $14.07. The firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 0.74 and a beta of 0.23.

Full Truck Alliance (NYSE:YMM - Get Free Report) last announced its quarterly 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. The business had revenue of $497.73 million during the quarter, compared to the consensus estimate of $463.13 million. Full Truck Alliance had a net margin of 33.07% and a return on equity of 10.68%. As a group, equities analysts anticipate 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 14th will be given a $0.084 dividend. This represents a $0.34 annualized dividend and a yield of 3.9%. The ex-dividend date is Wednesday, October 14th. Full Truck Alliance's dividend payout ratio is presently 54.24%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on YMM shares. JPMorgan Chase & Co. upgraded Full Truck Alliance from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $8.60 to $10.00 in a research report on Monday, June 29th. UBS Group restated a "buy" rating and issued a $13.36 target price on shares of Full Truck Alliance in a report on Wednesday, August 5th. Weiss Ratings downgraded Full Truck Alliance from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, August 21st. Finally, Nomura set a $11.00 target price on Full Truck Alliance in a research note 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, Full Truck Alliance currently has a consensus rating of "Moderate Buy" and an average price target of $11.30.

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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