Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Analysts give Full Truck Alliance a consensus "Hold" rating (four hold, two buy) with an average 12‑month price target of $11.43.
• Large institutional activity: Capital International initiated a roughly $188.2M position while Alkeon and Mitsubishi UFJ materially increased stakes, and institutions/hedge funds own about 39.02% of the stock.
• The company announced a $0.084 dividend payable April 22 to holders of record April 8; the article reports a stated dividend yield of 203.0%.

Shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Get Free Report) have received an average recommendation of "Hold" from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $11.4286.

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upgraded Full Truck Alliance from an "underweight" rating to a "neutral" rating and set a $8.00 price target for the company in a report on Wednesday, April 1st. Weiss Ratings lowered Full Truck Alliance from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, January 13th. Morgan Stanley restated an "overweight" rating on shares of Full Truck Alliance in a research note on Thursday, March 12th. Daiwa Securities Group lowered Full Truck Alliance from a "buy" rating to a "neutral" rating and set a $9.00 target price for the company. in a research note on Friday, March 13th. Finally, iA Financial set a $8.00 target price on Full Truck Alliance in a research note on Monday, January 12th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Amiral Gestion raised its stake in shares of Full Truck Alliance by 106.8% in the third quarter. Amiral Gestion now owns 455,000 shares of the company's stock valued at $5,901,000 after purchasing an additional 235,000 shares in the last quarter. Capital International Investors acquired a new position in Full Truck Alliance during the third quarter worth $188,227,000. Alkeon Capital Management LLC raised its stake in Full Truck Alliance by 5.7% during the second quarter. Alkeon Capital Management LLC now owns 14,698,535 shares of the company's stock worth $173,590,000 after acquiring an additional 790,000 shares in the last quarter. Nordea Investment Management AB acquired a new position in Full Truck Alliance during the third quarter worth $22,237,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in Full Truck Alliance by 76.4% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,647,830 shares of the company's stock worth $138,102,000 after acquiring an additional 4,611,050 shares in the last quarter. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Full Truck Alliance Stock Up 0.6%

Shares of YMM stock opened at $8.26 on Tuesday. Full Truck Alliance has a 12 month low of $8.04 and a 12 month high of $14.07. The firm has a market cap of $8.64 billion, a PE ratio of 13.77 and a beta of 0.28. The stock has a 50 day moving average of $9.14 and a 200-day moving average of $10.84.

Full Truck Alliance (NYSE:YMM - Get Free Report) last issued its quarterly earnings results on Saturday, February 14th. The company reported $0.01 EPS for the quarter. Full Truck Alliance had a return on equity of 11.33% and a net margin of 35.22%.The company had revenue of $456.32 million during the quarter. As a group, equities analysts predict that Full Truck Alliance will post 0.46 EPS for the current fiscal year.

Full Truck Alliance Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th will be paid a $0.084 dividend. This represents a dividend yield of 203.0%. The ex-dividend date is Wednesday, April 8th. Full Truck Alliance's dividend payout ratio is presently 26.67%.

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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