UBS Group AG Buys 6,784,957 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

UBS Group AG raised its stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 258.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,411,834 shares of the company’s stock after purchasing an additional 6,784,957 shares during the quarter. UBS Group AG’s holdings in Full Truck Alliance were worth $100,989,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Full Truck Alliance by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 33,004,634 shares of the company’s stock valued at $354,140,000 after purchasing an additional 461,147 shares during the last quarter. B. Metzler seel. Sohn & Co. AG lifted its position in Full Truck Alliance by 47.2% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 299,388 shares of the company’s stock valued at $3,212,000 after purchasing an additional 95,995 shares during the last quarter. GF Fund Management CO. LTD. lifted its position in Full Truck Alliance by 0.8% in the fourth quarter. GF Fund Management CO. LTD. now owns 817,402 shares of the company’s stock valued at $8,771,000 after purchasing an additional 6,607 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Full Truck Alliance by 13.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,811,870 shares of the company’s stock valued at $30,171,000 after purchasing an additional 334,124 shares during the last quarter. Finally, Trium Capital LLP bought a new stake in Full Truck Alliance in the fourth quarter valued at approximately $916,000. Institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Trading Down 0.5%

YMM opened at $8.61 on Friday. The stock has a fifty day simple moving average of $8.69 and a two-hundred day simple moving average of $10.28. The company has a market cap of $8.98 billion, a price-to-earnings ratio of 14.35 and a beta of 0.30. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12-month low of $8.04 and a 12-month high of $14.07.

Full Truck Alliance (NYSE:YMM) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $456.32 million during the quarter. Full Truck Alliance had a return on equity of 11.33% and a net margin of 35.22%. On average, analysts predict that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 EPS for the current year.

Full Truck Alliance Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th were issued a $0.084 dividend. The ex-dividend date was Wednesday, April 8th. This represents a yield of 201.0%. Full Truck Alliance’s dividend payout ratio is 23.33%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Weiss Ratings downgraded Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 13th. Daiwa Securities Group downgraded Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price objective for the company. in a research report on Friday, March 13th. iA Financial set a $8.00 price objective on Full Truck Alliance in a research report on Monday, January 12th. Citigroup reiterated a “buy” rating on shares of Full Truck Alliance in a research report on Monday, April 20th. Finally, JPMorgan Chase & Co. upgraded Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 target price for the company in a report on Wednesday, April 1st. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $11.43.

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.