Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Shares Acquired by Newport Asia LLC

Newport Asia LLC lifted its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 56.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 205,876 shares of the company’s stock after acquiring an additional 73,909 shares during the period. Full Truck Alliance accounts for approximately 100.0% of Newport Asia LLC’s portfolio, making the stock its biggest position. Newport Asia LLC’s holdings in Full Truck Alliance were worth $2,209,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Capital International Investors acquired a new stake in Full Truck Alliance during the third quarter worth about $188,227,000. Nordea Investment Management AB acquired a new position in Full Truck Alliance in the 3rd quarter valued at about $22,237,000. OPTIMAS CAPITAL Ltd purchased a new stake in shares of Full Truck Alliance in the 3rd quarter valued at approximately $6,458,000. Carrhae Capital LLP purchased a new stake in shares of Full Truck Alliance in the 3rd quarter valued at approximately $34,692,000. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Full Truck Alliance by 76.4% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,647,830 shares of the company’s stock worth $138,102,000 after buying an additional 4,611,050 shares during the last quarter. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on YMM. Bank of America initiated coverage on Full Truck Alliance in a report on Tuesday, May 5th. They issued a “buy” rating and a $11.30 price objective on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Full Truck Alliance in a research note on Thursday, March 12th. Citigroup reissued a “buy” rating on shares of Full Truck Alliance in a research report on Monday, April 20th. JPMorgan Chase & Co. raised shares of Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 target price on the stock in a research report on Wednesday, April 1st. Finally, Daiwa Securities Group lowered 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. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.41.

Full Truck Alliance Trading Up 5.6%

Full Truck Alliance stock opened at $9.28 on Thursday. The firm has a market capitalization of $9.67 billion, a P/E ratio of 15.46, a P/E/G ratio of 0.81 and a beta of 0.30. The stock’s fifty day simple moving average is $8.61 and its 200-day simple moving average is $10.09. Full Truck Alliance Co. Ltd. Sponsored ADR has a twelve month low of $8.04 and a twelve month 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. Full Truck Alliance had a return on equity of 11.33% and a net margin of 35.22%.The firm had revenue of $456.32 million during the quarter. Sell-side analysts predict 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 business also recently disclosed a dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th were given a dividend of $0.084 per share. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a dividend yield of 201.0%. Full Truck Alliance’s payout ratio is currently 23.33%.

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.