Full Truck Alliance (NYSE:YMM) Shares Down 4.5% – Time to Sell?

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM)’s stock price traded down 4.5% on Wednesday. The stock traded as low as $8.10 and last traded at $8.0390. 5,410,820 shares changed hands during trading, a decline of 31% from the average session volume of 7,834,207 shares. The stock had previously closed at $8.42.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Weiss Ratings raised shares of Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 13th. Wall Street Zen raised shares of Full Truck Alliance from a “hold” rating to a “buy” rating in a research note on Saturday, October 24th. Finally, UBS Group restated a “buy” rating and set a $13.36 price objective on shares of Full Truck Alliance in a research report on Wednesday, August 5th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Full Truck Alliance presently has an average rating of “Moderate Buy” and a consensus target price of $11.30.

Full Truck Alliance Stock Performance

The business has a 50-day moving average of $8.42 and a 200 day moving average of $8.82. The stock has a market cap of $8.42 billion, a PE ratio of 13.69, a PEG ratio of 0.73 and a beta of 0.22.

Full Truck Alliance (NYSE:YMM) last released its earnings results on Friday, August 14th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Full Truck Alliance had a net margin of 33.07% and a return on equity of 10.68%. The company had revenue of $497.73 million for the quarter, compared to analyst estimates of $463.13 million. Equities analysts expect that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.71 EPS for the current fiscal year.

Full Truck Alliance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 14th were issued a $0.0840 dividend. The ex-dividend date was Wednesday, October 14th. This represents a $0.34 annualized dividend and a yield of 4.2%. Full Truck Alliance’s payout ratio is 57.63%.

Institutional Investors Weigh In On Full Truck Alliance

Hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new position in Full Truck Alliance in the third quarter valued at $180,000. Profund Advisors LLC grew its position in Full Truck Alliance by 3.9% during the third quarter. Profund Advisors LLC now owns 118,469 shares of the company’s stock valued at $980,000 after acquiring an additional 4,412 shares during the period. Vise Technologies Inc. increased its stake in Full Truck Alliance by 29.9% during the third quarter. Vise Technologies Inc. now owns 21,116 shares of the company’s stock worth $175,000 after acquiring an additional 4,862 shares during the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in shares of Full Truck Alliance in the 3rd quarter worth about $271,000. Finally, E. Ohman J or Asset Management AB raised its holdings in shares of Full Truck Alliance by 46.5% in the 3rd quarter. E. Ohman J or Asset Management AB now owns 63,000 shares of the company’s stock worth $521,000 after purchasing an additional 20,000 shares during the period. 39.02% of the stock is owned by institutional investors and hedge funds.

About Full Truck Alliance

Full Truck Alliance Co Ltd. is a China-based digital freight platform that connects shippers with truck drivers and logistics companies. The company operates through its Yunmanman and Huochebang platforms, which help users find transportation capacity, arrange shipments and manage freight transactions through online tools.

Its services are designed to improve the efficiency of China’s road freight industry by matching cargo with available trucks and providing information and transaction support.