Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Stock: Matthews International Capital Management LLC Grows Position

Matthews International Capital Management LLC grew its position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 21.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,054,349 shares of the company’s stock after purchasing an additional 187,054 shares during the period. Full Truck Alliance makes up approximately 3.6% of Matthews International Capital Management LLC’s holdings, making the stock its 11th largest holding. Matthews International Capital Management LLC’s holdings in Full Truck Alliance were worth $8,719,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Parallel Advisors LLC acquired a new position in Full Truck Alliance during the first quarter valued at approximately $25,000. Rockefeller Capital Management L.P. acquired a new stake in shares of Full Truck Alliance in the fourth quarter worth $39,000. StoneX Group Inc. acquired a new stake in shares of Full Truck Alliance in the third quarter worth $127,000. QRG Capital Management Inc. raised its stake in shares of Full Truck Alliance by 61.1% in the 2nd quarter. QRG Capital Management Inc. now owns 21,039 shares of the company’s stock valued at $171,000 after acquiring an additional 7,976 shares during the period. Finally, Vise Technologies Inc. raised its stake in shares of Full Truck Alliance by 29.9% in the 3rd quarter. Vise Technologies Inc. now owns 21,116 shares of the company’s stock valued at $175,000 after acquiring an additional 4,862 shares during the period. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on YMM. Wall Street Zen raised shares of Full Truck Alliance from a “hold” rating to a “buy” rating in a research report on Saturday, October 24th. Weiss Ratings lowered Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 30th. Finally, UBS Group reissued a “buy” rating and issued a $13.36 price objective on shares of Full Truck Alliance in a research report on Wednesday, August 5th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $11.30.

Full Truck Alliance Price Performance

NYSE YMM opened at $8.82 on Wednesday. The company has a market capitalization of $9.20 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 0.81 and a beta of 0.25. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12 month low of $7.45 and a 12 month high of $13.09. The company’s fifty day moving average price is $8.44 and its two-hundred day moving average price is $8.77.

Full Truck Alliance (NYSE:YMM) last released its quarterly earnings data on Friday, August 14th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Full Truck Alliance had a net margin of 33.07% and a return on equity of 10.68%. The firm had revenue of $497.73 million during the quarter, compared to the consensus estimate of $463.13 million. As a group, analysts anticipate that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.71 EPS for the current year.

Full Truck Alliance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 28th. Investors of record on Wednesday, October 14th were paid a $0.0840 dividend. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $0.34 dividend on an annualized basis and a yield of 3.8%. Full Truck Alliance’s dividend payout ratio (DPR) is currently 57.63%.

Full Truck Alliance Profile

Full Truck Alliance Co. Ltd. operates a digital freight platform in China that connects businesses and other cargo shippers with truck drivers. Its platform helps users find and arrange road transportation, matching freight orders with available trucks. The company was formed in 2017 through the merger of Chinese freight platforms Yunmanman and Huochebang. Its services include freight matching and tools for arranging and managing shipments. Full Truck Alliance is focused on the Chinese market. Co-founder Zhang Hui serves as the company’s chairman and chief executive officer.