National Pension Service Purchases New Holdings in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

National Pension Service acquired a new position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) in the second quarter, Holdings Channel reports. The firm acquired 210,469 shares of the company’s stock, valued at approximately $1,709,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its stake in Full Truck Alliance by 150.0% during 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 period. Parallel Advisors LLC acquired a new stake in shares of Full Truck Alliance in the first quarter worth $25,000. Rockefeller Capital Management L.P. purchased a new position in shares of Full Truck Alliance during the fourth quarter valued at $39,000. EverSource Wealth Advisors LLC grew its holdings 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 valued at $46,000 after buying an additional 2,845 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in Full Truck Alliance during the third quarter valued at $51,000. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Full Truck Alliance Trading Down 0.3%

Full Truck Alliance stock opened at $8.14 on Monday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $7.45 and a 1-year high of $14.07. The firm’s fifty day simple moving average is $8.93 and its 200-day simple moving average is $8.70. The company has a market capitalization of $8.49 billion, a P/E ratio of 13.80, a P/E/G ratio of 0.70 and a beta of 0.23.

Full Truck Alliance (NYSE:YMM) last issued its quarterly earnings data on Friday, August 14th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $497.73 million during the quarter, compared to analysts’ expectations of $463.13 million. Full Truck Alliance had a net margin of 33.07% and a return on equity of 10.68%. On average, equities research analysts predict that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.71 earnings per share for the current year.

Full Truck Alliance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 14th will be given a $0.084 dividend. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 4.1%. Full Truck Alliance’s payout ratio is currently 54.24%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. UBS Group reissued a “buy” rating and issued a $13.36 price objective on shares of Full Truck Alliance in a research note on Wednesday, August 5th. Weiss Ratings raised Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. Nomura set a $11.00 target price on Full Truck Alliance in a report on Monday, June 15th. Finally, JPMorgan Chase & Co. raised shares of Full Truck Alliance from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $8.60 to $10.00 in a research report on Monday, June 29th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.30.

Full Truck Alliance Profile

Full Truck Alliance Co Ltd., also known as Manbang Group, operates a digital freight platform in China. Through its mobile applications and online services, the company connects shippers seeking transportation with truckers and logistics service providers, helping facilitate the movement of cargo by road.

The company’s platform supports freight listing and matching, allowing shippers to post transportation requirements and truckers to identify available loads. Full Truck Alliance also provides services intended to support freight transactions and logistics operations, including online information, communication, and related technology tools for participants in the road transportation market.

Full Truck Alliance was formed in 2017 through the combination of Yunmanman and Huochebang, two Chinese freight-information platforms.