Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) has earned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $11.0375.

A number of analysts have weighed in on the company. Nomura set a $11.00 price objective on Full Truck Alliance in a research report on Monday, June 15th. Bank of America initiated coverage on shares of Full Truck Alliance in a report on Tuesday, May 5th. They set a “buy” rating and a $11.30 price objective on the stock. JPMorgan Chase & Co. upgraded Full Truck Alliance from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $8.60 to $10.00 in a research report on Monday, June 29th. Citigroup reaffirmed a “buy” rating on shares of Full Truck Alliance in a report on Monday, April 20th. Finally, Weiss Ratings raised Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 8th.

Full Truck Alliance Price Performance

Shares of NYSE:YMM opened at $9.23 on Thursday. Full Truck Alliance has a 1-year low of $7.45 and a 1-year high of $14.07. The stock has a market cap of $9.62 billion, a P/E ratio of 16.19, a P/E/G ratio of 0.76 and a beta of 0.31. The firm has a fifty day moving average price of $8.49 and a 200 day moving average price of $9.04.

Full Truck Alliance Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be issued a dividend of $0.084 per share. The ex-dividend date is Tuesday, July 7th. This represents a dividend yield of 201.0%. Full Truck Alliance’s dividend payout ratio (DPR) is 28.07%.

Institutional Investors Weigh In On Full Truck Alliance

A number of institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Full Truck Alliance by 150.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company’s stock valued at $32,000 after purchasing an additional 1,762 shares during the last quarter. Parallel Advisors LLC purchased a new stake in shares of Full Truck Alliance in the first quarter worth about $25,000. Rockefeller Capital Management L.P. purchased a new position in Full Truck Alliance in the 4th quarter worth approximately $39,000. EverSource Wealth Advisors LLC boosted its stake in shares of Full Truck Alliance by 274.9% in the second quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock valued at $46,000 after purchasing an additional 2,845 shares during the period. Finally, Aquatic Capital Management LLC purchased a new position in Full Truck Alliance in the 3rd quarter valued at about $51,000. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

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.