Hsbc Holdings PLC Raises Holdings in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Hsbc Holdings PLC lifted its stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 62.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,975,692 shares of the company’s stock after acquiring an additional 758,900 shares during the period. Hsbc Holdings PLC’s holdings in Full Truck Alliance were worth $16,301,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in YMM. Caitong International Asset Management Co. Ltd grew its position 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 worth $32,000 after buying an additional 1,762 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new stake in Full Truck Alliance during the 4th quarter worth about $39,000. Banque de Luxembourg S.A. acquired a new stake in shares of Full Truck Alliance during the fourth quarter worth about $44,000. CoreCap Advisors LLC boosted its position in Full Truck Alliance by 2,000.0% in the fourth quarter. CoreCap Advisors LLC now owns 4,200 shares of the company’s stock valued at $45,000 after buying an additional 4,000 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Full Truck Alliance by 274.9% in the 2nd 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. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Full Truck Alliance Trading Down 2.2%

NYSE:YMM opened at $9.04 on Wednesday. The stock has a 50 day moving average of $8.52 and a two-hundred day moving average of $8.99. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12 month low of $7.45 and a 12 month high of $14.07. The firm has a market cap of $9.43 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 0.81 and a beta of 0.31.

Full Truck Alliance Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th were given a dividend of $0.084 per share. The ex-dividend date was Tuesday, July 7th. This represents a yield of 201.0%. Full Truck Alliance’s dividend payout ratio (DPR) is presently 28.07%.

Wall Street Analysts Forecast Growth

YMM has been the subject of several recent research reports. Weiss Ratings raised shares of Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 8th. Citigroup reiterated a “buy” rating on shares of Full Truck Alliance in a research note on Monday, April 20th. JPMorgan Chase & Co. raised Full Truck Alliance from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $8.60 to $10.00 in a report on Monday, June 29th. Nomura set a $11.00 target price on Full Truck Alliance in a research note on Monday, June 15th. Finally, Bank of America began coverage on Full Truck Alliance in a report on Tuesday, May 5th. They set a “buy” rating and a $11.30 target price on the stock. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Full Truck Alliance presently has an average rating of “Moderate Buy” and an average price target of $11.04.

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.