Full Truck Alliance Co. Ltd. Sponsored ADR $YMM is Greenwoods Asset Management Hong Kong Ltd.’s 4th Largest Position

Greenwoods Asset Management Hong Kong Ltd. lowered its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 3.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,452,419 shares of the company’s stock after selling 1,505,100 shares during the period. Full Truck Alliance makes up 14.7% of Greenwoods Asset Management Hong Kong Ltd.’s holdings, making the stock its 4th biggest holding. Greenwoods Asset Management Hong Kong Ltd.’s holdings in Full Truck Alliance were worth $320,354,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in YMM. FIL Ltd boosted its position in Full Truck Alliance by 1.6% in the 4th quarter. FIL Ltd now owns 64,382,173 shares of the company’s stock valued at $690,821,000 after buying an additional 1,040,793 shares during the period. Invesco Ltd. grew its stake in shares of Full Truck Alliance by 7.5% in the fourth quarter. Invesco Ltd. now owns 58,272,671 shares of the company’s stock worth $625,266,000 after acquiring an additional 4,049,322 shares in the last quarter. Schroder Investment Management Group increased its position in shares of Full Truck Alliance by 43.6% during the fourth quarter. Schroder Investment Management Group now owns 47,859,035 shares of the company’s stock worth $513,527,000 after acquiring an additional 14,525,984 shares during the period. Vanguard Group Inc. increased its position in shares of Full Truck Alliance by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 33,004,634 shares of the company’s stock worth $354,140,000 after acquiring an additional 461,147 shares during the period. Finally, Krane Funds Advisors LLC boosted its holdings in Full Truck Alliance by 14.0% in the fourth quarter. Krane Funds Advisors LLC now owns 32,100,736 shares of the company’s stock valued at $344,441,000 after purchasing an additional 3,935,263 shares during the period. 39.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on YMM shares. Weiss Ratings cut Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. JPMorgan Chase & Co. upgraded Full Truck Alliance from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $8.60 to $10.00 in a research note on Monday, June 29th. Nomura set a $11.00 price objective on Full Truck Alliance in a research report on Monday, June 15th. Bank of America started coverage on shares of Full Truck Alliance in a research note on Tuesday, May 5th. They set a “buy” rating and a $11.30 target price on the stock. Finally, UBS Group reaffirmed a “buy” rating and issued a $13.36 target price on shares of Full Truck Alliance in a report on Wednesday, August 5th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $11.30.

Full Truck Alliance Price Performance

NYSE:YMM opened at $8.77 on Monday. The firm has a market capitalization of $9.14 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 0.76 and a beta of 0.35. The business’s fifty day moving average price is $8.84 and its 200 day moving average price is $8.78. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12 month low of $7.45 and a 12 month high of $14.07.

Full Truck Alliance (NYSE:YMM) last announced its quarterly earnings results 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. Full Truck Alliance had a return on equity of 10.68% and a net margin of 33.07%.The company had revenue of $497.73 million during the quarter, compared to the consensus estimate of $463.13 million. As a group, equities analysts anticipate that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.71 EPS for the current year.

Full Truck Alliance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 14th will be paid a dividend of $0.084 per share. The ex-dividend date is Wednesday, October 14th. This represents a $0.34 annualized dividend and a yield of 3.8%. Full Truck Alliance’s payout ratio is presently 54.24%.

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.