OLP CAPITAL MANAGEMENT Ltd Has $114.27 Million Position in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

OLP CAPITAL MANAGEMENT Ltd reduced its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 8.3% during the 1st quarter, Holdings Channel reports. The fund owned 13,767,769 shares of the company’s stock after selling 1,240,082 shares during the quarter. Full Truck Alliance comprises 12.1% of OLP CAPITAL MANAGEMENT Ltd’s portfolio, making the stock its 2nd largest holding. OLP CAPITAL MANAGEMENT Ltd’s holdings in Full Truck Alliance were worth $114,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings in shares of Full Truck Alliance by 172.4% during the first quarter. Royal Bank of Canada now owns 34,765 shares of the company’s stock valued at $444,000 after purchasing an additional 22,001 shares during the period. Geode Capital Management LLC lifted its holdings in Full Truck Alliance by 11.6% in the second quarter. Geode Capital Management LLC now owns 159,770 shares of the company’s stock worth $1,887,000 after purchasing an additional 16,591 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Full Truck Alliance by 274.9% in the second 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 period. California Public Employees Retirement System grew its position in Full Truck Alliance by 7.9% in the 2nd quarter. California Public Employees Retirement System now owns 1,134,627 shares of the company’s stock valued at $13,400,000 after buying an additional 83,434 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in Full Truck Alliance in the 2nd quarter valued at about $118,000. Institutional investors own 39.02% of the company’s stock.

Analyst Upgrades and Downgrades

YMM has been the topic of several research analyst reports. Nomura set a $11.00 target price on shares of Full Truck Alliance in a research note on Monday, June 15th. JPMorgan Chase & Co. raised shares of Full Truck Alliance from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $8.60 to $10.00 in a research note on Monday, June 29th. Bank of America started coverage on shares of Full Truck Alliance in a report on Tuesday, May 5th. They issued a “buy” rating and a $11.30 price objective for the company. Weiss Ratings lowered shares of Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Finally, Citigroup reissued a “buy” rating on shares of Full Truck Alliance in a report on Monday, April 20th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.04.

Full Truck Alliance Stock Up 1.7%

Shares of YMM stock opened at $9.22 on Friday. The stock has a 50-day simple moving average of $8.53 and a 200 day simple moving average of $8.96. The stock has a market capitalization of $9.62 billion, a P/E ratio of 16.18, a P/E/G ratio of 0.81 and a beta of 0.31. Full Truck Alliance Co. Ltd. Sponsored ADR has a fifty-two week low of $7.45 and a fifty-two week high of $14.07.

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 issued a $0.084 dividend. This represents a yield of 201.0%. The ex-dividend date of this dividend was Tuesday, July 7th. Full Truck Alliance’s dividend payout ratio is presently 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.