Harvest Fund Management Co. Ltd Has $11.50 Million Stock Holdings in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Harvest Fund Management Co. Ltd boosted its position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 23.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 986,505 shares of the company’s stock after buying an additional 187,102 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Full Truck Alliance were worth $11,502,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Schroder Investment Management Group increased its position in shares of Full Truck Alliance by 2,789.6% during the 3rd quarter. Schroder Investment Management Group now owns 33,333,051 shares of the company’s stock worth $432,330,000 after purchasing an additional 32,179,501 shares during the last quarter. First Beijing Investment Ltd increased its position in shares of Full Truck Alliance by 73.8% during the 3rd quarter. First Beijing Investment Ltd now owns 68,645,580 shares of the company’s stock worth $890,333,000 after purchasing an additional 29,150,926 shares during the last quarter. Invesco Ltd. increased its position in shares of Full Truck Alliance by 66.4% during the 3rd quarter. Invesco Ltd. now owns 54,223,349 shares of the company’s stock worth $703,277,000 after purchasing an additional 21,628,993 shares during the last quarter. Capital International Investors acquired a new position in shares of Full Truck Alliance during the 3rd quarter worth approximately $188,227,000. Finally, Norges Bank acquired a new position in shares of Full Truck Alliance during the 4th quarter worth approximately $92,523,000. Institutional investors and hedge funds own 39.02% of the company’s stock.

Wall Street Analysts Forecast Growth

YMM has been the topic of several recent analyst reports. Daiwa Securities Group lowered Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price target on the stock. in a research report on Friday, March 13th. JPMorgan Chase & Co. raised Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 price target on the stock in a research report on Wednesday, April 1st. Citigroup reissued a “buy” rating on shares of Full Truck Alliance in a report on Monday, April 20th. Weiss Ratings raised Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Finally, Bank of America began coverage on Full Truck Alliance in a report on Tuesday, May 5th. They set a “buy” rating and a $11.30 target price on the stock. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Full Truck Alliance presently has an average rating of “Hold” and a consensus target price of $10.76.

Full Truck Alliance Trading Down 2.3%

YMM stock opened at $8.89 on Friday. The firm has a market capitalization of $9.26 billion, a PE ratio of 15.59, a PEG ratio of 0.83 and a beta of 0.30. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $8.04 and a 1-year high of $14.07. The business’s 50 day simple moving average is $8.61 and its 200 day simple moving average is $9.64.

Full Truck Alliance (NYSE:YMM) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $456.32 million during the quarter. Full Truck Alliance had a return on equity of 10.52% and a net margin of 32.68%. As a group, sell-side analysts predict that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 EPS for the current fiscal year.

Full Truck Alliance Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th were paid a $0.084 dividend. The ex-dividend date was Wednesday, April 8th. This represents a yield of 201.0%. Full Truck Alliance’s payout ratio is 24.56%.

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.