Perpetual Ltd Decreases Stake in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Perpetual Ltd decreased its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 22.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 853,980 shares of the company’s stock after selling 247,926 shares during the period. Perpetual Ltd owned approximately 0.08% of Full Truck Alliance worth $9,163,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of YMM. CoreCap Advisors LLC grew its stake in Full Truck Alliance by 2,000.0% during the fourth quarter. CoreCap Advisors LLC now owns 4,200 shares of the company’s stock worth $45,000 after buying an additional 4,000 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Full Truck Alliance by 274.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock valued at $46,000 after acquiring an additional 2,845 shares during the period. Aquatic Capital Management LLC acquired a new position in shares of Full Truck Alliance during the 3rd quarter valued at $51,000. Shen Neil Nanpeng acquired a new position in shares of Full Truck Alliance during the 3rd quarter valued at $93,000. Finally, Headlands Technologies LLC purchased a new stake in Full Truck Alliance during the 2nd quarter worth $111,000. 39.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

YMM has been the subject of several recent research reports. iA Financial set a $8.00 price target on Full Truck Alliance in a report on Monday, January 12th. Morgan Stanley reaffirmed an “overweight” rating on shares of Full Truck Alliance in a research report on Thursday, March 12th. Weiss Ratings lowered Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 13th. Daiwa Securities Group downgraded Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 target price on the stock. in a report on Friday, March 13th. Finally, JPMorgan Chase & Co. raised Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 price target on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $11.43.

Full Truck Alliance Price Performance

Full Truck Alliance stock opened at $8.20 on Friday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12-month low of $8.04 and a 12-month high of $14.07. The company has a market capitalization of $8.57 billion, a price-to-earnings ratio of 13.66 and a beta of 0.28. The firm’s fifty day moving average price is $9.18 and its 200 day moving average price is $10.90.

Full Truck Alliance (NYSE:YMM) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.01 earnings per share for the quarter. Full Truck Alliance had a net margin of 35.22% and a return on equity of 11.33%. The company had revenue of $456.32 million during the quarter. Analysts forecast that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.46 earnings per share for the current fiscal year.

Full Truck Alliance Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th will be issued a dividend of $0.084 per share. The ex-dividend date is Wednesday, April 8th. This represents a yield of 203.0%. Full Truck Alliance’s payout ratio is currently 26.67%.

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.