Y Intercept Hong Kong Ltd Takes Position in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Y Intercept Hong Kong Ltd acquired a new stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) during the first quarter, HoldingsChannel reports. The fund acquired 347,072 shares of the company’s stock, valued at approximately $2,881,000.

A number of other hedge funds also recently bought and sold shares of the company. First Beijing Investment Ltd boosted its stake in Full Truck Alliance by 73.8% in the third quarter. First Beijing Investment Ltd now owns 68,645,580 shares of the company’s stock worth $890,333,000 after buying an additional 29,150,926 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Full Truck Alliance by 66.4% in the 3rd quarter. Invesco Ltd. now owns 54,223,349 shares of the company’s stock valued at $703,277,000 after purchasing an additional 21,628,993 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of Full Truck Alliance by 43.6% during the 4th quarter. Schroder Investment Management Group now owns 47,859,035 shares of the company’s stock valued at $513,527,000 after purchasing an additional 14,525,984 shares during the last quarter. Capital International Investors purchased a new position in Full Truck Alliance in the 3rd quarter worth $188,227,000. Finally, OLP CAPITAL MANAGEMENT Ltd lifted its stake in Full Truck Alliance by 198.7% in the fourth quarter. OLP CAPITAL MANAGEMENT Ltd now owns 15,007,851 shares of the company’s stock worth $161,034,000 after purchasing an additional 9,983,779 shares during the last quarter. Institutional investors own 39.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on YMM shares. Daiwa Securities Group cut Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a research note on Friday, March 13th. Weiss Ratings cut Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Nomura set a $11.00 price target on Full Truck Alliance in a research report on Monday, June 15th. JPMorgan Chase & Co. raised Full Truck Alliance from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $8.60 to $10.00 in a research note on Monday, June 29th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Full Truck Alliance in a research report on Thursday, March 12th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.04.

Full Truck Alliance Price Performance

NYSE YMM opened at $8.37 on Wednesday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1 year low of $7.45 and a 1 year high of $14.07. The stock has a market capitalization of $8.72 billion, a PE ratio of 14.68, a PEG ratio of 0.76 and a beta of 0.31. The business’s 50-day moving average is $8.49 and its 200 day moving average is $9.14.

Full Truck Alliance Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be given a $0.084 dividend. This represents a dividend yield of 201.0%. The ex-dividend date is Tuesday, July 7th. Full Truck Alliance’s dividend payout ratio (DPR) is currently 24.56%.

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.