Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Given Average Rating of “Moderate Buy” by Analysts

Shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $11.0375.

YMM has been the topic of several research reports. Nomura set a $11.00 price target on shares of Full Truck Alliance in a research note on Monday, June 15th. JPMorgan Chase & Co. upgraded Full Truck Alliance from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $8.60 to $10.00 in a report on Monday, June 29th. Citigroup reaffirmed a “buy” rating on shares of Full Truck Alliance in a research note on Monday, April 20th. Weiss Ratings raised Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 8th. Finally, Bank of America assumed coverage on shares of Full Truck Alliance in a report on Tuesday, May 5th. They issued a “buy” rating and a $11.30 price objective on the stock.

Full Truck Alliance Stock Up 0.5%

YMM opened at $9.10 on Thursday. The stock has a market cap of $9.48 billion, a PE ratio of 15.96, a P/E/G ratio of 0.79 and a beta of 0.31. Full Truck Alliance has a 52 week low of $7.45 and a 52 week high of $14.07. The business’s fifty day simple moving average is $8.51 and its 200 day simple moving average is $8.98.

Full Truck Alliance Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Parnassus Investments LLC raised its position in shares of Full Truck Alliance by 7.1% during the fourth quarter. Parnassus Investments LLC now owns 23,076 shares of the company’s stock valued at $248,000 after buying an additional 1,529 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Full Truck Alliance by 150.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company’s stock worth $32,000 after acquiring an additional 1,762 shares during the last quarter. Capital International Sarl grew its stake in Full Truck Alliance by 0.8% during the fourth quarter. Capital International Sarl now owns 266,548 shares of the company’s stock valued at $2,860,000 after acquiring an additional 2,030 shares in the last quarter. Wells Fargo & Company MN grew its stake in Full Truck Alliance by 34.5% during the fourth quarter. Wells Fargo & Company MN now owns 9,258 shares of the company’s stock valued at $99,000 after acquiring an additional 2,373 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in Full Truck Alliance by 23.1% in the 4th quarter. Hantz Financial Services Inc. now owns 13,946 shares of the company’s stock valued at $150,000 after acquiring an additional 2,613 shares during the last quarter. Hedge funds and other institutional investors own 39.02% of the company’s stock.

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.