Renaissance Technologies LLC Takes Position in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Renaissance Technologies LLC purchased a new stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,396,629 shares of the company’s stock, valued at approximately $11,592,000. Renaissance Technologies LLC owned 0.13% of Full Truck Alliance at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of YMM. Caitong International Asset Management Co. Ltd increased its holdings in shares of Full Truck Alliance by 150.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company’s stock valued at $32,000 after purchasing an additional 1,762 shares during the period. Parallel Advisors LLC acquired a new position in Full Truck Alliance in the 1st quarter valued at approximately $25,000. Rockefeller Capital Management L.P. acquired a new position in Full Truck Alliance in the 4th quarter valued at approximately $39,000. EverSource Wealth Advisors LLC lifted its position in Full Truck Alliance by 274.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock worth $46,000 after buying an additional 2,845 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in Full Truck Alliance in the 3rd quarter worth approximately $51,000. 39.02% of the stock is owned by hedge funds and other institutional investors.

Full Truck Alliance Trading Down 0.7%

Shares of NYSE:YMM opened at $9.49 on Friday. The stock has a market capitalization of $9.90 billion, a PE ratio of 16.65, a P/E/G ratio of 0.83 and a beta of 0.31. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1 year low of $7.45 and a 1 year high of $14.07. The firm has a fifty day moving average price of $8.62 and a 200 day moving average price of $8.91.

Full Truck Alliance Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th were given a $0.084 dividend. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a dividend yield of 201.0%. Full Truck Alliance’s payout ratio is currently 28.07%.

Analyst Ratings Changes

A number of research firms have recently weighed in on YMM. Citigroup reaffirmed a “buy” rating on shares of Full Truck Alliance in a research note on Monday, April 20th. Weiss Ratings downgraded Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. raised Full Truck Alliance from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $8.60 to $10.00 in a research report on Monday, June 29th. Bank of America assumed coverage on Full Truck Alliance in a research note on Tuesday, May 5th. They set a “buy” rating and a $11.30 price target for the company. Finally, Nomura set a $11.00 price target on Full Truck Alliance in a report on Monday, June 15th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Full Truck Alliance currently has a consensus rating of “Moderate Buy” and an average price target of $11.04.

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.