Norges Bank Takes $92.52 Million Position in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Norges Bank acquired a new stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,622,839 shares of the company’s stock, valued at approximately $92,523,000. Norges Bank owned 0.82% of Full Truck Alliance at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of YMM. Capital International Investors bought a new stake in Full Truck Alliance in the third quarter valued at approximately $188,227,000. OPTIMAS CAPITAL Ltd bought a new stake in Full Truck Alliance in the third quarter valued at approximately $6,458,000. Carrhae Capital LLP bought a new stake in Full Truck Alliance in the third quarter valued at approximately $34,692,000. SG Americas Securities LLC increased its stake in Full Truck Alliance by 534.0% in the fourth quarter. SG Americas Securities LLC now owns 1,146,420 shares of the company’s stock valued at $12,301,000 after purchasing an additional 965,601 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in Full Truck Alliance by 36.9% in the fourth quarter. Nordea Investment Management AB now owns 2,326,558 shares of the company’s stock valued at $25,080,000 after purchasing an additional 627,118 shares in the last quarter. 39.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Full Truck Alliance Stock Down 3.2%

Shares of YMM stock opened at $8.58 on Friday. The firm has a fifty day moving average of $8.61 and a 200-day moving average of $9.63. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12-month low of $8.04 and a 12-month high of $14.07. The company has a market capitalization of $8.95 billion, a price-to-earnings ratio of 15.06, a P/E/G ratio of 0.81 and a beta of 0.30.

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

Full Truck Alliance Announces Dividend

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