Brokerages Set Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) PT at $11.30

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) has been given an average rating of “Moderate Buy” by the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $11.2956.

A number of research firms recently commented on YMM. Nomura set a $11.00 price target on shares of Full Truck Alliance in a report on Monday, June 15th. UBS Group reaffirmed a “buy” rating and set a $13.36 price target on shares of Full Truck Alliance in a research report on Wednesday, August 5th. Weiss Ratings raised Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. upgraded Full Truck Alliance from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $8.60 to $10.00 in a research note on Monday, June 29th.

Full Truck Alliance Price Performance

YMM opened at $8.12 on Friday. Full Truck Alliance has a fifty-two week low of $7.45 and a fifty-two week high of $14.07. The firm has a market capitalization of $8.47 billion, a P/E ratio of 13.77, a PEG ratio of 0.71 and a beta of 0.23. The company’s 50-day moving average is $8.93 and its 200 day moving average is $8.71.

Full Truck Alliance (NYSE:YMM) last issued its quarterly earnings data 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. The business had revenue of $497.73 million during the quarter, compared to the consensus estimate of $463.13 million. Full Truck Alliance had a net margin of 33.07% and a return on equity of 10.68%. On average, equities research analysts expect that Full Truck Alliance will post 0.71 earnings per share for the current year.

Full Truck Alliance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 14th will be given a $0.084 dividend. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.34 annualized dividend and a dividend yield of 4.1%. Full Truck Alliance’s payout ratio is 54.24%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC bought a new stake in shares of Full Truck Alliance during the 1st quarter valued at $25,000. Caitong International Asset Management Co. Ltd grew its holdings in Full Truck Alliance by 150.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company’s stock valued at $32,000 after buying an additional 1,762 shares in the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of Full Truck Alliance during the fourth quarter valued at about $39,000. EverSource Wealth Advisors LLC increased its position in shares of Full Truck Alliance by 274.9% during 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 period. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Full Truck Alliance in the third quarter worth about $51,000. 39.02% of the stock is owned by 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 mobile applications and online services, the company connects shippers seeking transportation with truckers and logistics service providers, helping facilitate the movement of cargo by road.

The company’s platform supports freight listing and matching, allowing shippers to post transportation requirements and truckers to identify available loads. Full Truck Alliance also provides services intended to support freight transactions and logistics operations, including online information, communication, and related technology tools for participants in the road transportation market.

Full Truck Alliance was formed in 2017 through the combination of Yunmanman and Huochebang, two Chinese freight-information platforms.