344,209 Shares in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Acquired by Fideuram Asset Management Ireland dac

Fideuram Asset Management Ireland dac bought a new position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 344,209 shares of the company’s stock, valued at approximately $4,024,000.

A number of other institutional investors have also made changes to their positions in YMM. Royal Bank of Canada increased its holdings in shares of Full Truck Alliance by 172.4% during the 1st quarter. Royal Bank of Canada now owns 34,765 shares of the company’s stock worth $444,000 after acquiring an additional 22,001 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Full Truck Alliance by 11.6% during the 2nd quarter. Geode Capital Management LLC now owns 159,770 shares of the company’s stock worth $1,887,000 after acquiring an additional 16,591 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Full Truck Alliance by 274.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock worth $46,000 after acquiring an additional 2,845 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Full Truck Alliance by 7.9% during the 2nd quarter. California Public Employees Retirement System now owns 1,134,627 shares of the company’s stock worth $13,400,000 after acquiring an additional 83,434 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Full Truck Alliance during the 2nd quarter worth approximately $118,000. 39.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Weiss Ratings raised Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Morgan Stanley reissued an “overweight” rating on shares of Full Truck Alliance in a report on Thursday, March 12th. Daiwa Securities Group lowered Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 target price on the stock. in a report on Friday, March 13th. Citigroup restated a “buy” rating on shares of Full Truck Alliance in a research note on Monday, April 20th. Finally, Bank of America assumed coverage on Full Truck Alliance in a research note on Tuesday, May 5th. They issued a “buy” rating and a $11.30 price target for the company. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Full Truck Alliance currently has a consensus rating of “Hold” and an average price target of $10.76.

Full Truck Alliance Price Performance

YMM opened at $8.86 on Friday. The business has a fifty day simple moving average of $8.53 and a 200 day simple moving average of $9.76. The company has a market capitalization of $9.23 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 0.79 and a beta of 0.30. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1 year low of $8.04 and a 1 year high of $14.07.

Full Truck Alliance (NYSE:YMM) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $456.32 million during the quarter. Full Truck Alliance had a return on equity of 10.52% and a net margin of 32.68%. Equities analysts anticipate that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 earnings per share for the current fiscal year.

Full Truck Alliance Announces Dividend

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 24.56%.

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.