Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Given Consensus Recommendation of “Hold” by Brokerages

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) has been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $11.4125.

YMM has been the subject of several recent research reports. Daiwa Securities Group lowered shares of Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price objective for the company. in a research note on Friday, March 13th. Citigroup reissued a “buy” rating on shares of Full Truck Alliance in a research note on Monday, April 20th. Morgan Stanley reissued an “overweight” rating on shares of Full Truck Alliance in a research note on Thursday, March 12th. Bank of America initiated coverage on shares of Full Truck Alliance in a research note on Tuesday. They issued a “buy” rating and a $11.30 price objective for the company. Finally, JPMorgan Chase & Co. raised shares of Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 price objective for the company in a research note on Wednesday, April 1st.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Capital International Investors purchased a new position in Full Truck Alliance in the third quarter worth approximately $188,227,000. Nordea Investment Management AB purchased a new position in Full Truck Alliance in the third quarter worth approximately $22,237,000. Carrhae Capital LLP purchased a new position in Full Truck Alliance in the third quarter worth approximately $34,692,000. OPTIMAS CAPITAL Ltd acquired a new stake in Full Truck Alliance during the third quarter worth approximately $6,458,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in Full Truck Alliance by 76.4% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,647,830 shares of the company’s stock worth $138,102,000 after purchasing an additional 4,611,050 shares in the last quarter. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Price Performance

Shares of YMM stock opened at $9.08 on Friday. The firm has a market cap of $9.47 billion, a PE ratio of 15.14, a price-to-earnings-growth ratio of 0.82 and a beta of 0.30. The company has a 50-day moving average of $8.67 and a two-hundred day moving average of $10.22. Full Truck Alliance has a 1-year low of $8.04 and a 1-year high of $14.07.

Full Truck Alliance (NYSE:YMM) last announced its earnings results on Saturday, February 14th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $456.32 million during the quarter. Full Truck Alliance had a net margin of 35.22% and a return on equity of 11.33%. Sell-side analysts anticipate that Full Truck Alliance will post 0.66 EPS for the current fiscal year.

Full Truck Alliance Dividend Announcement

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 currently 23.33%.

Full Truck Alliance Company 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.