Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Shares Bought by Krane Funds Advisors LLC

Krane Funds Advisors LLC increased its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 14.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,100,736 shares of the company’s stock after acquiring an additional 3,935,263 shares during the period. Full Truck Alliance comprises about 11.2% of Krane Funds Advisors LLC’s portfolio, making the stock its 3rd largest position. Krane Funds Advisors LLC owned about 3.07% of Full Truck Alliance worth $344,441,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Banque de Luxembourg S.A. bought a new position in Full Truck Alliance during the 4th quarter worth about $44,000. CoreCap Advisors LLC boosted its position in shares of Full Truck Alliance by 2,000.0% during the fourth quarter. CoreCap Advisors LLC now owns 4,200 shares of the company’s stock worth $45,000 after buying an additional 4,000 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Full Truck Alliance by 274.9% during the second 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. Aquatic Capital Management LLC bought a new position in shares of Full Truck Alliance during the third quarter worth about $51,000. Finally, Shen Neil Nanpeng acquired a new stake in Full Truck Alliance in the 3rd quarter valued at approximately $93,000. 39.02% of the stock is owned by institutional investors and hedge funds.

Full Truck Alliance Trading Down 0.1%

Shares of YMM opened at $8.58 on Monday. The company’s fifty day simple moving average is $8.61 and its 200 day simple moving average is $9.62. 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 market cap of $8.95 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 0.79 and a beta of 0.30.

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

Full Truck Alliance Dividend Announcement

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

Analysts Set New Price Targets

YMM has been the subject of a number of recent research reports. Daiwa Securities Group downgraded Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price target for the company. in a research report on Friday, March 13th. Bank of America began coverage on shares of Full Truck Alliance in a research report on Tuesday, May 5th. They issued a “buy” rating and a $11.30 price objective on the stock. Weiss Ratings upgraded shares of Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Citigroup restated a “buy” rating on shares of Full Truck Alliance in a research note on Monday, April 20th. Finally, JPMorgan Chase & Co. raised Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 target price on the stock in a research report on Wednesday, April 1st. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $10.76.

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.