China Universal Asset Management Co. Ltd. Has $2.01 Million Holdings in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

China Universal Asset Management Co. Ltd. lessened its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 30.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 187,000 shares of the company’s stock after selling 80,000 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in Full Truck Alliance were worth $2,007,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake 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 valued at $46,000 after acquiring an additional 2,845 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in Full Truck Alliance during the 3rd quarter valued at about $51,000. Banque de Luxembourg S.A. purchased a new position in Full Truck Alliance during the 4th quarter valued at about $44,000. CoreCap Advisors LLC grew its stake 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 valued at $45,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Shen Neil Nanpeng purchased a new position in Full Truck Alliance during the 3rd quarter valued at about $93,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on YMM. 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 note on Wednesday, April 1st. Daiwa Securities Group cut Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 target price on the stock. in a research note on Friday, March 13th. Morgan Stanley reaffirmed an “overweight” rating on shares of Full Truck Alliance in a research note on Thursday, March 12th. iA Financial set a $8.00 target price on Full Truck Alliance in a research note on Monday, January 12th. Finally, Weiss Ratings cut Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 13th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Full Truck Alliance currently has a consensus rating of “Hold” and an average target price of $11.43.

Full Truck Alliance Stock Performance

Shares of NYSE YMM opened at $8.52 on Friday. The stock has a market cap of $8.91 billion, a price-to-earnings ratio of 14.20 and a beta of 0.28. The business has a 50 day simple moving average of $8.79 and a 200 day simple moving average of $10.45. Full Truck Alliance Co. Ltd. Sponsored ADR has a 52 week low of $8.04 and a 52 week high of $14.07.

Full Truck Alliance (NYSE:YMM) last announced its quarterly earnings results 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 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 business also recently announced a dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th were given 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 dividend payout ratio is presently 23.33%.

Full Truck Alliance Company 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.