Franklin Resources Inc. Reduces Stake in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Franklin Resources Inc. lowered its position in Full Truck Alliance Co. Ltd. (NYSE:YMMFree Report) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 115,190 shares of the company’s stock after selling 7,724 shares during the period. Franklin Resources Inc.’s holdings in Full Truck Alliance were worth $807,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC boosted its position in Full Truck Alliance by 25.6% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 26,937 shares of the company’s stock worth $190,000 after purchasing an additional 5,484 shares in the last quarter. abrdn plc boosted its position in Full Truck Alliance by 11.1% in the 4th quarter. abrdn plc now owns 34,748 shares of the company’s stock worth $244,000 after purchasing an additional 3,473 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Full Truck Alliance by 216.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,451 shares of the company’s stock worth $403,000 after purchasing an additional 39,302 shares in the last quarter. Jump Financial LLC purchased a new stake in Full Truck Alliance in the 4th quarter worth approximately $568,000. Finally, Bank of New York Mellon Corp boosted its position in Full Truck Alliance by 3.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 85,844 shares of the company’s stock worth $604,000 after purchasing an additional 2,786 shares in the last quarter. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on YMM shares. Daiwa America upgraded Full Truck Alliance to a “strong-buy” rating in a research report on Friday, May 10th. Barclays increased their target price on Full Truck Alliance from $6.00 to $9.00 and gave the company an “equal weight” rating in a research report on Friday, May 24th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $9.33.

Get Our Latest Stock Analysis on Full Truck Alliance

Full Truck Alliance Price Performance

NYSE YMM opened at $9.00 on Friday. The business has a fifty day moving average price of $8.42 and a 200 day moving average price of $7.38. Full Truck Alliance Co. Ltd. has a one year low of $5.70 and a one year high of $9.68.

Full Truck Alliance (NYSE:YMMGet Free Report) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. Full Truck Alliance had a return on equity of 7.23% and a net margin of 26.48%. The firm had revenue of $339.15 million during the quarter, compared to the consensus estimate of $322.13 million. On average, equities research analysts expect that Full Truck Alliance Co. Ltd. will post 0.41 earnings per share for the current fiscal year.

Full Truck Alliance Announces Dividend

The business also recently announced an annual dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were paid a $0.144 dividend. This represents a dividend yield of 1.84%. The ex-dividend date of this dividend was Thursday, April 4th. Full Truck Alliance’s dividend payout ratio (DPR) is presently 40.63%.

Full Truck Alliance Profile

(Free Report)

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.

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Institutional Ownership by Quarter for Full Truck Alliance (NYSE:YMM)

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