Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Stock Holdings Raised by Nordea Investment Management AB

Nordea Investment Management AB grew its stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 36.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,326,558 shares of the company’s stock after purchasing an additional 627,118 shares during the quarter. Nordea Investment Management AB owned approximately 0.22% of Full Truck Alliance worth $25,080,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of YMM. EverSource Wealth Advisors LLC increased 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 valued at $46,000 after buying an additional 2,845 shares during the last quarter. Aquatic Capital Management LLC bought a new position in Full Truck Alliance during the 3rd quarter worth approximately $51,000. Shen Neil Nanpeng acquired a new position in shares of Full Truck Alliance in the 3rd quarter worth approximately $93,000. Headlands Technologies LLC acquired a new position in shares of Full Truck Alliance in the 2nd quarter worth approximately $111,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Full Truck Alliance in the 2nd quarter valued at approximately $118,000. Institutional investors own 39.02% of the company’s stock.

Wall Street Analysts Forecast Growth

YMM has been the topic of several research analyst reports. Daiwa Securities Group cut Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a research note on Friday, March 13th. Morgan Stanley reiterated 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 shares of Full Truck Alliance in a report on Monday, January 12th. JPMorgan Chase & Co. downgraded shares of Full Truck Alliance from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $11.00 to $8.00 in a research report on Monday, January 12th. Finally, Weiss Ratings downgraded shares of Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 13th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Full Truck Alliance presently has a consensus rating of “Hold” and a consensus price target of $11.43.

Full Truck Alliance Trading Down 1.0%

Shares of Full Truck Alliance stock opened at $8.22 on Wednesday. The stock has a market capitalization of $8.59 billion, a price-to-earnings ratio of 13.69 and a beta of 0.23. Full Truck Alliance Co. Ltd. Sponsored ADR has a twelve month low of $8.10 and a twelve month high of $14.07. The business’s 50 day simple moving average is $9.44 and its 200-day simple moving average is $11.18.

Full Truck Alliance (NYSE:YMM) last issued its quarterly earnings data on Thursday, March 12th. The company reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. Full Truck Alliance had a return on equity of 11.33% and a net margin of 35.22%.The firm had revenue of $456.32 million during the quarter, compared to the consensus estimate of $3.13 billion. Sell-side analysts predict that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.46 earnings per share for the current year.

Full Truck Alliance Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th will be given a dividend of $0.084 per share. The ex-dividend date is Wednesday, April 8th. This represents a dividend yield of 203.0%. Full Truck Alliance’s dividend payout ratio is currently 26.67%.

About Full Truck Alliance

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.