Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Stock Has Consensus Target Price of $11.30

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) has been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $11.30.

A number of equities analysts have recently commented on the stock. UBS Group reissued a “buy” rating and issued a $13.36 price target on shares of Full Truck Alliance in a research report on Wednesday, August 5th. Wall Street Zen raised shares of Full Truck Alliance from a “hold” rating to a “buy” rating in a research report on Saturday, October 24th. Finally, Weiss Ratings upgraded shares of Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 13th.

Institutional Investors Weigh In On Full Truck Alliance

Hedge funds and other institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC acquired a new stake in Full Truck Alliance during the first quarter worth $25,000. Rockefeller Capital Management L.P. acquired a new position in shares of Full Truck Alliance in the 4th quarter valued at $39,000. QRG Capital Management Inc. raised its stake in shares of Full Truck Alliance by 61.1% in the 2nd quarter. QRG Capital Management Inc. now owns 21,039 shares of the company’s stock valued at $171,000 after buying an additional 7,976 shares in the last quarter. Vise Technologies Inc. lifted its holdings in shares of Full Truck Alliance by 29.9% during the 3rd quarter. Vise Technologies Inc. now owns 21,116 shares of the company’s stock worth $175,000 after acquiring an additional 4,862 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Full Truck Alliance during the 3rd quarter worth about $180,000. Institutional investors and hedge funds own 39.02% of the company’s stock.

Full Truck Alliance Stock Up 3.0%

NYSE:YMM opened at $8.33 on Friday. Full Truck Alliance has a 1-year low of $7.45 and a 1-year high of $13.14. The firm has a market capitalization of $8.69 billion, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 0.73 and a beta of 0.22. The stock has a fifty day simple moving average of $8.41 and a 200 day simple moving average of $8.81.

Full Truck Alliance (NYSE:YMM) last issued its earnings results on Friday, August 14th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Full Truck Alliance had a net margin of 33.07% and a return on equity of 10.68%. The company had revenue of $497.73 million during the quarter, compared to analyst estimates of $463.13 million. Equities analysts predict that Full Truck Alliance will post 0.71 earnings per share for the current year.

Full Truck Alliance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 14th were given a $0.0840 dividend. This represents a $0.34 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Wednesday, October 14th. Full Truck Alliance’s payout ratio is currently 55.93%.

About Full Truck Alliance

Full Truck Alliance Co Ltd. is a China-based digital freight platform that connects shippers with truck drivers and logistics companies. The company operates through its Yunmanman and Huochebang platforms, which help users find transportation capacity, arrange shipments and manage freight transactions through online tools.

Its services are designed to improve the efficiency of China’s road freight industry by matching cargo with available trucks and providing information and transaction support.