Krane Funds Advisors LLC Raises Stake in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Krane Funds Advisors LLC increased its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 14.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 32,100,736 shares of the company’s stock after acquiring an additional 3,935,263 shares during the quarter. Full Truck Alliance comprises 11.2% of Krane Funds Advisors LLC’s investment portfolio, making the stock its 3rd biggest position. Krane Funds Advisors LLC’s holdings in Full Truck Alliance were worth $344,441,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of YMM. Banque de Luxembourg S.A. bought a new stake in shares of Full Truck Alliance during the fourth quarter worth approximately $44,000. CoreCap Advisors LLC lifted its holdings in Full Truck Alliance by 2,000.0% during the 4th quarter. CoreCap Advisors LLC now owns 4,200 shares of the company’s stock worth $45,000 after purchasing an additional 4,000 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Full Truck Alliance by 274.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock worth $46,000 after purchasing an additional 2,845 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in Full Truck Alliance in the 3rd quarter valued at $51,000. Finally, Shen Neil Nanpeng acquired a new position in Full Truck Alliance in the 3rd quarter valued at $93,000. Institutional investors and hedge funds own 39.02% of the company’s stock.

Wall Street Analyst Weigh In

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

Full Truck Alliance Trading Down 0.1%

Shares of NYSE:YMM opened at $8.58 on Monday. The stock has a market capitalization of $8.95 billion, a PE ratio of 15.06, a PEG ratio of 0.79 and a beta of 0.30. The firm has a 50 day moving average of $8.61 and a 200-day moving average of $9.62. 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 announced its quarterly earnings data on Saturday, February 14th. The company reported $0.01 EPS for the quarter. The business 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%. On average, research analysts predict that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 EPS for the current fiscal year.

Full Truck Alliance Announces Dividend

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

Full Truck Alliance 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.