Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Stake Boosted by Newport Asia LLC

Newport Asia LLC grew its holdings in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 56.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 205,876 shares of the company’s stock after purchasing an additional 73,909 shares during the period. Full Truck Alliance makes up about 100.0% of Newport Asia LLC’s portfolio, making the stock its biggest holding. Newport Asia LLC’s holdings in Full Truck Alliance were worth $2,209,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Compound Planning Inc. grew its stake in Full Truck Alliance by 7.0% during the 3rd quarter. Compound Planning Inc. now owns 15,948 shares of the company’s stock worth $207,000 after buying an additional 1,048 shares during the last quarter. CI Investments Inc. raised its stake in Full Truck Alliance by 10.7% in the third quarter. CI Investments Inc. now owns 10,924 shares of the company’s stock valued at $142,000 after buying an additional 1,052 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in 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 in the last quarter. WCM Investment Management LLC grew its stake in shares of Full Truck Alliance by 7.7% during the third quarter. WCM Investment Management LLC now owns 49,762 shares of the company’s stock worth $651,000 after acquiring an additional 3,576 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Full Truck Alliance during the third quarter worth about $51,000. Institutional investors and hedge funds own 39.02% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on YMM. JPMorgan Chase & Co. raised shares of 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. Citigroup restated a “buy” rating on shares of Full Truck Alliance in a research note on Monday, April 20th. Morgan Stanley reaffirmed an “overweight” rating on shares of Full Truck Alliance in a report on Thursday, March 12th. Bank of America started coverage on shares of Full Truck Alliance in a report on Tuesday, May 5th. They set a “buy” rating and a $11.30 price objective on the stock. Finally, Daiwa Securities Group cut Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price target for the company. in a research report on Friday, March 13th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $11.41.

Full Truck Alliance Price Performance

YMM opened at $9.28 on Thursday. The firm has a fifty day moving average price of $8.61 and a 200 day moving average price of $10.09. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1 year low of $8.04 and a 1 year high of $14.07. The stock has a market cap of $9.67 billion, a P/E ratio of 15.46, a P/E/G ratio of 0.81 and a beta of 0.30.

Full Truck Alliance (NYSE:YMM) last released 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 net margin of 35.22% and a return on equity of 11.33%. Equities analysts expect that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 EPS for the current year.

Full Truck Alliance Dividend Announcement

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