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

Shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) have received a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $11.2956.

Several research analysts recently issued reports on the company. Nomura set a $11.00 target price on Full Truck Alliance in a research report on Monday, June 15th. JPMorgan Chase & Co. upgraded Full Truck Alliance from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $8.60 to $10.00 in a research report on Monday, June 29th. Weiss Ratings upgraded Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 7th. Bank of America began coverage on shares of Full Truck Alliance in a report on Tuesday, May 5th. They set a “buy” rating and a $11.30 price target for the company. Finally, Citigroup reaffirmed a “buy” rating on shares of Full Truck Alliance in a research note on Monday, April 20th.

Full Truck Alliance Stock Performance

Shares of NYSE YMM opened at $8.78 on Monday. Full Truck Alliance has a 52-week low of $7.45 and a 52-week high of $14.07. The firm has a 50 day moving average price of $8.73 and a two-hundred day moving average price of $8.87. The stock has a market cap of $9.16 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 0.78 and a beta of 0.35.

Full Truck Alliance Announces Dividend

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

Institutional Investors Weigh In On Full Truck Alliance

A number of hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. boosted its holdings in shares of Full Truck Alliance by 66.4% during the 3rd quarter. Invesco Ltd. now owns 54,223,349 shares of the company’s stock worth $703,277,000 after buying an additional 21,628,993 shares in the last quarter. Schroder Investment Management Group increased its stake in shares of Full Truck Alliance by 43.6% in the 4th quarter. Schroder Investment Management Group now owns 47,859,035 shares of the company’s stock valued at $513,527,000 after acquiring an additional 14,525,984 shares in the last quarter. OLP CAPITAL MANAGEMENT Ltd lifted its position in shares of Full Truck Alliance by 198.7% during the 4th quarter. OLP CAPITAL MANAGEMENT Ltd now owns 15,007,851 shares of the company’s stock valued at $161,034,000 after acquiring an additional 9,983,779 shares during the period. Norges Bank acquired a new position in shares of Full Truck Alliance during the 4th quarter valued at $92,523,000. Finally, Wellington Management Group LLP bought a new position in Full Truck Alliance during the fourth quarter worth $87,896,000. 39.02% of the stock is currently owned by institutional investors.

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.