Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Get Free Report) have been assigned a consensus rating of "Hold" from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $11.4286.

Several research analysts have recently weighed in on the company. Daiwa Securities Group cut Full Truck Alliance from a "buy" rating to a "neutral" rating and set a $9.00 price objective for the company. in a research report on Friday, March 13th. Morgan Stanley reaffirmed an "overweight" rating on shares of Full Truck Alliance in a research report on Thursday, March 12th. Weiss Ratings cut Full Truck Alliance from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, January 13th. JPMorgan Chase & Co. raised Full Truck Alliance from an "underweight" rating to a "neutral" rating and set a $8.00 price objective for the company in a research report on Wednesday, April 1st. Finally, Citigroup reaffirmed a "buy" rating on shares of Full Truck Alliance in a research report on Monday, April 20th.

Institutional Trading of Full Truck Alliance

Institutional investors and hedge funds have recently bought and sold shares of the stock. Capital International Investors bought a new stake in Full Truck Alliance during the third quarter worth about $188,227,000. Nordea Investment Management AB bought a new stake in Full Truck Alliance during the third quarter worth about $22,237,000. Carrhae Capital LLP bought a new stake in Full Truck Alliance during the third quarter worth about $34,692,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings 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. Finally, SG Americas Securities LLC raised its holdings in Full Truck Alliance by 534.0% during the fourth quarter. SG Americas Securities LLC now owns 1,146,420 shares of the company's stock worth $12,301,000 after acquiring an additional 965,601 shares in the last quarter. Institutional investors own 39.02% of the company's stock.

Full Truck Alliance Price Performance

YMM stock opened at $8.61 on Friday. The stock has a market capitalization of $8.98 billion, a P/E ratio of 14.35 and a beta of 0.30. The business has a 50-day moving average of $8.69 and a 200-day moving average of $10.29. Full Truck Alliance 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 data on Saturday, February 14th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $456.32 million during the quarter. Full Truck Alliance had a return on equity of 11.33% and a net margin of 35.22%. Equities analysts expect that Full Truck Alliance will post 0.66 EPS for the current year.

Full Truck Alliance Announces Dividend

The business also recently announced 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. This represents a yield of 201.0%. The ex-dividend date was Wednesday, April 8th. Full Truck Alliance's dividend payout ratio is presently 23.33%.

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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