Tidal Investments LLC Raises Holdings in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Tidal Investments LLC boosted its holdings in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 55.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 770,588 shares of the company’s stock after acquiring an additional 273,851 shares during the quarter. Tidal Investments LLC’s holdings in Full Truck Alliance were worth $6,257,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Parallel Advisors LLC purchased a new position in shares of Full Truck Alliance during the 1st quarter worth $25,000. Caitong International Asset Management Co. Ltd raised its holdings in 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 buying an additional 1,762 shares during the period. Rockefeller Capital Management L.P. acquired a new position in Full Truck Alliance in the fourth quarter valued at about $39,000. EverSource Wealth Advisors LLC boosted its stake in 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 during the period. Finally, Aquatic Capital Management LLC purchased a new position in Full Truck Alliance during the third quarter worth about $51,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Stock Down 0.3%

Full Truck Alliance stock opened at $8.14 on Monday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 52-week low of $7.45 and a 52-week high of $14.07. The firm has a market cap of $8.49 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 0.70 and a beta of 0.23. The company’s 50 day moving average is $8.93 and its two-hundred day moving average is $8.70.

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

Full Truck Alliance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 14th will be paid a dividend of $0.084 per share. This represents a $0.34 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, October 14th. Full Truck Alliance’s payout ratio is presently 54.24%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on YMM. JPMorgan Chase & Co. raised shares of Full Truck Alliance from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $8.60 to $10.00 in a research note on Monday, June 29th. UBS Group reiterated a “buy” rating and issued a $13.36 target price on shares of Full Truck Alliance in a report on Wednesday, August 5th. Weiss Ratings raised Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. Finally, Nomura set a $11.00 price target on Full Truck Alliance in a research note on Monday, June 15th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.30.

About Full Truck Alliance

Full Truck Alliance Co Ltd., also known as Manbang Group, operates a digital freight platform in China. Through its mobile applications and online services, the company connects shippers seeking transportation with truckers and logistics service providers, helping facilitate the movement of cargo by road.

The company’s platform supports freight listing and matching, allowing shippers to post transportation requirements and truckers to identify available loads. Full Truck Alliance also provides services intended to support freight transactions and logistics operations, including online information, communication, and related technology tools for participants in the road transportation market.

Full Truck Alliance was formed in 2017 through the combination of Yunmanman and Huochebang, two Chinese freight-information platforms.