Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Full Truck Alliance, with six buy ratings and three holds. The average 12-month price target is $11.30, while recent targets range from $10.00 to $13.36.
• YMM shares opened at $9.62, compared with a 52-week range of $7.45 to $14.07. The company has a market capitalization of approximately $10.02 billion and trades at a price-to-earnings ratio of 16.87.
• Institutional ownership stands at 39.02%, with several investment firms recently initiating or increasing positions. Full Truck Alliance operates a Chinese digital freight platform that matches shippers with independent truck drivers.

Shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Get Free Report) have received an average recommendation of "Moderate Buy" from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $11.2956.

YMM has been the subject of several recent research reports. Citigroup reissued a "buy" rating on shares of Full Truck Alliance in a research note on Monday, April 20th. Weiss Ratings upgraded Full Truck Alliance from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday. UBS Group restated a "buy" rating and set a $13.36 target price on shares of Full Truck Alliance in a report on Wednesday. Bank of America started coverage on Full Truck Alliance in a research report on Tuesday, May 5th. They set a "buy" rating and a $11.30 price target on the stock. Finally, JPMorgan Chase & Co. raised Full Truck Alliance from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $8.60 to $10.00 in a research note on Monday, June 29th.

Full Truck Alliance Stock Performance

Shares of YMM opened at $9.62 on Monday. Full Truck Alliance has a fifty-two week low of $7.45 and a fifty-two week high of $14.07. The firm has a market cap of $10.02 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 0.85 and a beta of 0.35. The firm has a 50 day moving average price of $8.72 and a 200-day moving average price of $8.89.

Full Truck Alliance Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th were issued a $0.084 dividend. The ex-dividend date was Tuesday, July 7th. This represents a dividend yield of 201.0%. Full Truck Alliance's dividend payout ratio (DPR) is currently 28.07%.

Institutional Investors Weigh In On Full Truck Alliance

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC bought a new stake in Full Truck Alliance in the 1st quarter worth $25,000. Caitong International Asset Management Co. Ltd increased its position in shares of Full Truck Alliance by 150.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company's stock valued at $32,000 after acquiring an additional 1,762 shares during the period. Rockefeller Capital Management L.P. bought a new position in shares of Full Truck Alliance during the fourth quarter valued at about $39,000. EverSource Wealth Advisors LLC raised its stake in shares of Full Truck Alliance by 274.9% during the second quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company's stock valued at $46,000 after acquiring an additional 2,845 shares during the last quarter. Finally, Aquatic Capital Management LLC bought a new position in shares of Full Truck Alliance during the third quarter valued at about $51,000. 39.02% of the stock is currently owned by institutional investors.

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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