1,360,147 Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 65.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 3,426,014 shares of the company’s stock after buying an additional 1,360,147 shares during the period. Robeco Institutional Asset Management B.V. owned 0.33% of Full Truck Alliance worth $28,333,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Parallel Advisors LLC purchased a new position in shares of Full Truck Alliance in the first quarter valued at about $25,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Full Truck Alliance during the fourth quarter worth about $39,000. QRG Capital Management Inc. grew its position in shares of Full Truck Alliance by 61.1% during the second quarter. QRG Capital Management Inc. now owns 21,039 shares of the company’s stock worth $171,000 after purchasing an additional 7,976 shares in the last quarter. E. Ohman J or Asset Management AB bought a new stake in Full Truck Alliance during the 2nd quarter valued at approximately $349,000. Finally, SummitTX Capital L.P. bought a new stake in Full Truck Alliance during the 1st quarter valued at approximately $515,000. 39.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on YMM shares. UBS Group restated a “buy” rating and issued a $13.36 price target on shares of Full Truck Alliance in a research note on Wednesday, August 5th. JPMorgan Chase & Co. raised shares of Full Truck Alliance from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $8.60 to $10.00 in a report on Monday, June 29th. Wall Street Zen upgraded shares of Full Truck Alliance from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings raised shares of Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 13th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Full Truck Alliance presently has an average rating of “Moderate Buy” and a consensus price target of $11.30.

Full Truck Alliance Trading Down 0.9%

Shares of NYSE YMM opened at $8.28 on Friday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12-month low of $7.45 and a 12-month high of $13.40. The firm’s 50-day moving average price is $8.46 and its 200-day moving average price is $8.62. The stock has a market capitalization of $8.63 billion, a price-to-earnings ratio of 14.03, a P/E/G ratio of 0.75 and a beta of 0.22.

Full Truck Alliance (NYSE:YMM) last released its quarterly earnings results on Friday, August 14th. The company reported $0.20 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $463.13 million. On average, equities analysts predict that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.71 EPS for the current fiscal year.

Full Truck Alliance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 14th will be paid a $0.0840 dividend. This represents a $0.34 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, October 14th. Full Truck Alliance’s dividend payout ratio (DPR) is presently 57.63%.

Full Truck Alliance Profile

Full Truck Alliance Co Ltd. is a China-based digital freight platform that connects shippers with truck drivers and logistics companies. The company operates through its Yunmanman and Huochebang platforms, which help users find transportation capacity, arrange shipments and manage freight transactions through online tools.

Its services are designed to improve the efficiency of China’s road freight industry by matching cargo with available trucks and providing information and transaction support.