Caxton Associates LLP Takes Position in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Caxton Associates LLP acquired a new stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 63,000 shares of the company’s stock, valued at approximately $523,000.

Several other institutional investors have also bought and sold shares of the stock. Parallel Advisors LLC bought a new position in shares of Full Truck Alliance in the first quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd raised its holdings in Full Truck Alliance by 150.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company’s stock worth $32,000 after purchasing an additional 1,762 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in Full Truck Alliance in the fourth quarter worth approximately $39,000. Banque de Luxembourg S.A. acquired a new stake in Full Truck Alliance in the fourth quarter worth approximately $44,000. Finally, CoreCap Advisors LLC boosted its stake in Full Truck Alliance by 2,000.0% during the 4th quarter. CoreCap Advisors LLC now owns 4,200 shares of the company’s stock valued at $45,000 after purchasing an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 39.02% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upgraded Full Truck Alliance from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $8.60 to $10.00 in a research report on Monday, June 29th. Bank of America started coverage on Full Truck Alliance in a research note on Tuesday, May 5th. They set a “buy” rating and a $11.30 target price for the company. Weiss Ratings lowered Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Nomura set a $11.00 price target on shares of Full Truck Alliance in a research report on Monday, June 15th. Finally, Citigroup reissued a “buy” rating on shares of Full Truck Alliance in a report on Monday, April 20th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.04.

Full Truck Alliance Stock Performance

NYSE YMM opened at $9.29 on Tuesday. The stock has a market capitalization of $9.69 billion, a P/E ratio of 16.30, a P/E/G ratio of 0.81 and a beta of 0.31. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1 year low of $7.45 and a 1 year high of $14.07. The business’s fifty day moving average is $8.54 and its two-hundred day moving average is $8.93.

Full Truck Alliance Announces Dividend

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

About Full Truck Alliance

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.