Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Holdings Lifted by Nordea Investment Management AB

Nordea Investment Management AB raised its position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 36.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,326,558 shares of the company’s stock after acquiring an additional 627,118 shares during the quarter. Nordea Investment Management AB’s holdings in Full Truck Alliance were worth $25,080,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in YMM. EverSource Wealth Advisors LLC boosted its position in shares of Full Truck Alliance by 274.9% during the second quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock worth $46,000 after buying an additional 2,845 shares during the period. Aquatic Capital Management LLC acquired a new stake in Full Truck Alliance in the 3rd quarter valued at approximately $51,000. Shen Neil Nanpeng bought a new stake in Full Truck Alliance during the 3rd quarter valued at $93,000. Headlands Technologies LLC bought a new stake in Full Truck Alliance during the 2nd quarter valued at $111,000. Finally, Daiwa Securities Group Inc. acquired a new position in Full Truck Alliance during the 2nd quarter worth $118,000. Institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Stock Performance

Shares of NYSE YMM opened at $8.22 on Wednesday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1 year low of $8.10 and a 1 year high of $14.07. The firm has a market cap of $8.59 billion, a P/E ratio of 13.69 and a beta of 0.23. The stock has a fifty day moving average price of $9.44 and a two-hundred day moving average price of $11.18.

Full Truck Alliance (NYSE:YMM) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. The company had revenue of $456.32 million for the quarter, compared to the consensus estimate of $3.13 billion. Full Truck Alliance had a return on equity of 11.33% and a net margin of 35.22%. On average, research analysts predict that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.46 earnings per share for the current fiscal year.

Full Truck Alliance Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th will be given a $0.084 dividend. The ex-dividend date is Wednesday, April 8th. This represents a yield of 203.0%. Full Truck Alliance’s payout ratio is 26.67%.

Analyst Upgrades and Downgrades

Several 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 target for the company. in a research note on Friday, March 13th. Morgan Stanley restated an “overweight” rating on shares of Full Truck Alliance in a research note on Thursday, March 12th. Weiss Ratings downgraded shares of Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. JPMorgan Chase & Co. cut shares of Full Truck Alliance from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $11.00 to $8.00 in a research note on Monday, January 12th. Finally, iA Financial set a $8.00 price target on shares of Full Truck Alliance in a research report on Monday, January 12th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Full Truck Alliance presently has a consensus rating of “Hold” and a consensus target price of $11.43.

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.