Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Stock: North of South Capital LLP Boosts Holdings

North of South Capital LLP boosted its stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 17.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,135,573 shares of the company’s stock after purchasing an additional 2,199,527 shares during the period. Full Truck Alliance comprises approximately 8.6% of North of South Capital LLP’s investment portfolio, making the stock its 5th biggest position. North of South Capital LLP owned approximately 1.45% of Full Truck Alliance worth $125,171,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of YMM. Danske Bank A S lifted its holdings in Full Truck Alliance by 49.6% during the 3rd quarter. Danske Bank A S now owns 104,700 shares of the company’s stock worth $866,000 after buying an additional 34,700 shares during the period. Aberdeen Group plc increased its stake in shares of Full Truck Alliance by 11.7% in the third quarter. Aberdeen Group plc now owns 387,039 shares of the company’s stock valued at $3,201,000 after buying an additional 40,538 shares during the period. Eurizon Capital SGR S.p.A. increased its stake in shares of Full Truck Alliance by 71.3% in the third quarter. Eurizon Capital SGR S.p.A. now owns 64,400 shares of the company’s stock valued at $533,000 after buying an additional 26,800 shares during the period. Matthews International Capital Management LLC increased its stake in shares of Full Truck Alliance by 21.6% in the third quarter. Matthews International Capital Management LLC now owns 1,054,349 shares of the company’s stock valued at $8,719,000 after buying an additional 187,054 shares during the period. Finally, StoneX Group Inc. bought a new position in shares of Full Truck Alliance during the third quarter worth about $127,000. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Stock Up 1.9%

Full Truck Alliance stock traded up $0.17 during trading hours on Friday, reaching $8.65. 10,010,609 shares of the company’s stock were exchanged, compared to its average volume of 7,642,742. The firm’s 50 day simple moving average is $8.44 and its 200 day simple moving average is $8.75. Full Truck Alliance Co. Ltd. Sponsored ADR has a twelve month low of $7.45 and a twelve month high of $12.51. The firm has a market capitalization of $9.02 billion, a PE ratio of 14.67, a PEG ratio of 0.76 and a beta of 0.25.

Full Truck Alliance (NYSE:YMM) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.20 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $463.13 million. Analysts anticipate that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.71 EPS for the current year.

Full Truck Alliance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 14th were issued a $0.0840 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Wednesday, October 14th. Full Truck Alliance’s payout ratio is presently 57.63%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Weiss Ratings downgraded Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 30th. UBS Group reiterated a “buy” rating and issued a $13.36 target price on shares of Full Truck Alliance in a report on Wednesday, August 5th. Finally, Wall Street Zen raised shares of Full Truck Alliance from a “hold” rating to a “buy” rating in a research report on Saturday, October 24th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Full Truck Alliance has an average rating of “Moderate Buy” and a consensus price target of $11.30.

Full Truck Alliance Profile

Full Truck Alliance Co. Ltd. operates a digital freight platform in China that connects businesses and other cargo shippers with truck drivers. Its platform helps users find and arrange road transportation, matching freight orders with available trucks. The company was formed in 2017 through the merger of Chinese freight platforms Yunmanman and Huochebang. Its services include freight matching and tools for arranging and managing shipments. Full Truck Alliance is focused on the Chinese market. Co-founder Zhang Hui serves as the company’s chairman and chief executive officer.