Renaissance Technologies LLC Takes $11.59 Million Position in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Renaissance Technologies LLC acquired a new position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,396,629 shares of the company’s stock, valued at approximately $11,592,000.

Several other large investors have also modified their holdings of YMM. Parallel Advisors LLC acquired a new position in Full Truck Alliance in the 1st quarter valued at $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 worth $32,000 after acquiring an additional 1,762 shares during the period. Rockefeller Capital Management L.P. acquired a new position in Full Truck Alliance during the 4th quarter worth $39,000. Banque de Luxembourg S.A. bought a new stake in Full Truck Alliance during the fourth quarter valued at about $44,000. Finally, CoreCap Advisors LLC boosted its holdings in Full Truck Alliance by 2,000.0% during the fourth quarter. CoreCap Advisors LLC now owns 4,200 shares of the company’s stock valued at $45,000 after acquiring an additional 4,000 shares during the period. 39.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on YMM shares. Nomura set a $11.00 price target on Full Truck Alliance in a research report on Monday, June 15th. Citigroup restated a “buy” rating on shares of Full Truck Alliance in a research note on Monday, April 20th. JPMorgan Chase & Co. raised Full Truck Alliance from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $8.60 to $10.00 in a research report on Monday, June 29th. Bank of America started 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 on the stock. Finally, Weiss Ratings cut shares of Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 23rd. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.04.

Full Truck Alliance Trading Down 0.7%

Shares of NYSE:YMM opened at $9.49 on Friday. The firm has a market capitalization of $9.90 billion, a PE ratio of 16.65, a PEG ratio of 0.83 and a beta of 0.31. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $7.45 and a 1-year high of $14.07. The business’s 50 day moving average is $8.62 and its 200-day moving average is $8.91.

Full Truck Alliance Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th were paid a dividend of $0.084 per share. The ex-dividend date was Tuesday, July 7th. This represents a yield of 201.0%. Full Truck Alliance’s payout ratio is currently 28.07%.

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.