Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) has earned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $11.30.

YMM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upgraded 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 report on Monday, June 29th. UBS Group reissued a “buy” rating and issued a $13.36 price target on shares of Full Truck Alliance in a research report on Wednesday, August 5th. Nomura set a $11.00 price target on shares of Full Truck Alliance in a report on Monday, June 15th. Finally, Weiss Ratings downgraded shares of Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 24th.

Full Truck Alliance Stock Up 0.1%

Shares of NYSE YMM opened at $8.18 on Tuesday. The stock has a market capitalization of $8.52 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 0.74 and a beta of 0.22. The stock’s fifty day simple moving average is $8.71 and its 200 day simple moving average is $8.59. Full Truck Alliance has a 52-week low of $7.45 and a 52-week high of $14.07.

Full Truck Alliance (NYSE:YMM) last announced its earnings results on Friday, August 14th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Full Truck Alliance had a return on equity of 10.68% and a net margin of 33.07%.The company had revenue of $497.73 million for the quarter, compared to analyst estimates of $463.13 million. As a group, analysts anticipate that Full Truck Alliance will post 0.71 earnings per share for the current year.

Full Truck Alliance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 14th will be issued a dividend of $0.0840 per share. This represents a $0.34 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Wednesday, October 14th. Full Truck Alliance’s payout ratio is currently 54.24%.

Institutional Trading of Full Truck Alliance

Several hedge funds and other institutional investors have recently modified their holdings of YMM. BLI Banque de Luxembourg Investments raised its stake in shares of Full Truck Alliance by 84.0% in the 4th quarter. BLI Banque de Luxembourg Investments now owns 482,000 shares of the company’s stock valued at $5,266,000 after acquiring an additional 220,000 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Full Truck Alliance in the second quarter valued at approximately $1,418,000. Nykredit A S acquired a new stake in shares of Full Truck Alliance in the second quarter worth $1,862,000. Harvest Fund Management Co. Ltd lifted its position in Full Truck Alliance by 23.4% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 986,505 shares of the company’s stock worth $11,502,000 after acquiring an additional 187,102 shares during the last quarter. Finally, Tidal Investments LLC boosted its holdings in Full Truck Alliance by 55.1% during the second quarter. Tidal Investments LLC now owns 770,588 shares of the company’s stock valued at $6,257,000 after acquiring an additional 273,851 shares during the period. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Full Truck Alliance Company Profile

Full Truck Alliance Co, Ltd., also known as Manbang Group, operates a digital freight platform in China. Through its Yunmanman and Huochebang platforms, the company connects shippers with truck drivers and logistics providers, helping users arrange the transportation of goods across the country.

The company’s services include online freight matching, shipment listing and transaction support, route and vehicle information, and tools that help users manage deliveries. Its platform is designed to improve efficiency and transparency in China’s fragmented road-freight market by helping shippers find available capacity and allowing drivers to identify suitable loads.

Full Truck Alliance was formed in 2017 through the combination of Yunmanman and Huochebang and serves customers and transportation participants across China.