Full Truck Alliance Co. Ltd. Sponsored ADR $YMM is Matthews International Capital Management LLC’s 8th Largest Position

Matthews International Capital Management LLC decreased its position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 30.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,296,189 shares of the company’s stock after selling 555,249 shares during the period. Full Truck Alliance accounts for about 4.2% of Matthews International Capital Management LLC’s portfolio, making the stock its 8th largest position. Matthews International Capital Management LLC’s holdings in Full Truck Alliance were worth $13,908,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in Full Truck Alliance by 274.9% in 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 in the last quarter. Aquatic Capital Management LLC purchased a new position in Full Truck Alliance in the third quarter valued at $51,000. Banque de Luxembourg S.A. purchased a new position in Full Truck Alliance in the fourth quarter valued at $44,000. CoreCap Advisors LLC increased its holdings in Full Truck Alliance by 2,000.0% in the fourth quarter. CoreCap Advisors LLC now owns 4,200 shares of the company’s stock valued at $45,000 after buying an additional 4,000 shares in the last quarter. Finally, Shen Neil Nanpeng purchased a new position in Full Truck Alliance in the third quarter valued at $93,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on YMM shares. Daiwa Securities Group cut shares of Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 target price for the company. in a research note on Friday, March 13th. JPMorgan Chase & Co. raised shares of Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 target price for the company in a research note on Wednesday, April 1st. Weiss Ratings cut shares of Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 13th. Morgan Stanley reissued an “overweight” rating on shares of Full Truck Alliance in a research note on Thursday, March 12th. Finally, Citigroup reissued a “buy” rating on shares of Full Truck Alliance in a research note on Monday. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.43.

Full Truck Alliance Stock Up 2.1%

YMM stock opened at $8.68 on Friday. The stock has a market capitalization of $9.07 billion, a P/E ratio of 14.46 and a beta of 0.28. The firm has a 50-day simple moving average of $8.77 and a 200-day simple moving average of $10.41. Full Truck Alliance Co. Ltd. Sponsored ADR has a 52 week low of $8.04 and a 52 week high of $14.07.

Full Truck Alliance (NYSE:YMM) last released its earnings results on Saturday, February 14th. The company reported $0.01 EPS for the quarter. The business 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%. On average, analysts expect that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 earnings per share for the current year.

Full Truck Alliance Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th were given a dividend of $0.084 per share. The ex-dividend date was Wednesday, April 8th. This represents a yield of 201.0%. Full Truck Alliance’s payout ratio is presently 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.