Legal & General Group Plc Has $19.05 Million Stock Holdings in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Legal & General Group Plc boosted its position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 18.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,775,293 shares of the company’s stock after buying an additional 278,108 shares during the quarter. Legal & General Group Plc’s holdings in Full Truck Alliance were worth $19,048,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of YMM. Schroder Investment Management Group lifted its holdings in Full Truck Alliance by 2,789.6% during the 3rd quarter. Schroder Investment Management Group now owns 33,333,051 shares of the company’s stock worth $432,330,000 after buying an additional 32,179,501 shares in the last quarter. First Beijing Investment Ltd raised its position in shares of Full Truck Alliance by 73.8% during the 3rd quarter. First Beijing Investment Ltd now owns 68,645,580 shares of the company’s stock valued at $890,333,000 after acquiring an additional 29,150,926 shares during the last quarter. Invesco Ltd. raised its position 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 valued at $703,277,000 after acquiring an additional 21,628,993 shares during the last quarter. Capital International Investors bought a new stake in shares of Full Truck Alliance during the 3rd quarter valued at $188,227,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Full Truck Alliance by 65.5% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 17,625,617 shares of the company’s stock valued at $189,123,000 after acquiring an additional 6,977,787 shares during the last quarter. Institutional investors and hedge funds own 39.02% of the company’s stock.

Analysts Set New Price Targets

YMM has been the subject of several recent research reports. Morgan Stanley reiterated an “overweight” rating on shares of Full Truck Alliance in a research report on Thursday, March 12th. Citigroup reiterated a “buy” rating on shares of Full Truck Alliance in a research report on Monday, April 20th. JPMorgan Chase & Co. upgraded shares of Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 target price for the company in a research report on Wednesday, April 1st. Daiwa Securities Group cut shares of Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 target price for the company. in a research report on Friday, March 13th. Finally, Bank of America initiated coverage on shares of Full Truck Alliance in a research report on Tuesday, May 5th. They set a “buy” rating and a $11.30 target price for the company. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Full Truck Alliance currently has an average rating of “Hold” and a consensus price target of $10.76.

Full Truck Alliance Trading Up 2.5%

Shares of NYSE YMM opened at $9.04 on Tuesday. The firm has a market cap of $9.42 billion, a PE ratio of 15.86, a PEG ratio of 0.81 and a beta of 0.30. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $8.04 and a 1-year high of $14.07. The company has a fifty day moving average price of $8.55 and a 200 day moving average price of $9.71.

Full Truck Alliance (NYSE:YMM) last announced its earnings results on Saturday, February 14th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $456.32 million during the quarter. Full Truck Alliance had a net margin of 32.68% and a return on equity of 10.52%. Equities research analysts forecast that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 EPS for the current year.

Full Truck Alliance Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th were paid a $0.084 dividend. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a yield of 201.0%. Full Truck Alliance’s dividend payout ratio is presently 24.56%.

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.