Full Truck Alliance (NYSE:YMM) Upgraded by JPMorgan Chase & Co. to Neutral Rating

JPMorgan Chase & Co. upgraded shares of Full Truck Alliance (NYSE:YMM) from an underweight rating to a neutral rating in a report released on Wednesday, Marketbeat reports. They currently have $8.00 price target on the stock.

YMM has been the subject of a number of other reports. iA Financial set a $8.00 price target on shares of Full Truck Alliance in a report on Monday, January 12th. Daiwa Securities Group lowered shares of Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a report on Friday, March 13th. Morgan Stanley restated an “overweight” rating on shares of Full Truck Alliance in a research note on Thursday, March 12th. Finally, Weiss Ratings lowered Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 13th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $11.43.

Full Truck Alliance Stock Performance

YMM stock opened at $8.28 on Wednesday. The stock has a 50-day simple moving average of $9.25 and a 200-day simple moving average of $10.97. The firm has a market cap of $8.65 billion, a P/E ratio of 13.79 and a beta of 0.28. Full Truck Alliance has a 1 year low of $8.04 and a 1 year high of $14.07.

Full Truck Alliance (NYSE:YMM) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $456.32 million during the quarter. Full Truck Alliance had a return on equity of 11.33% and a net margin of 35.22%. On average, equities research analysts predict that Full Truck Alliance will post 0.46 EPS for the current year.

Full Truck Alliance Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th will be paid a $0.084 dividend. This represents a dividend yield of 203.0%. The ex-dividend date is Wednesday, April 8th. Full Truck Alliance’s payout ratio is 26.67%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd increased its position in shares of Full Truck Alliance by 150.0% in the 4th 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 during the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of Full Truck Alliance in the 4th quarter valued at about $39,000. EverSource Wealth Advisors LLC lifted its position 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 worth $46,000 after purchasing an additional 2,845 shares during the last quarter. Aquatic Capital Management LLC bought a new position in shares of Full Truck Alliance during the third quarter worth about $51,000. Finally, Banque de Luxembourg S.A. acquired a new position in Full Truck Alliance in the fourth quarter worth about $44,000. 39.02% of the stock is currently owned by institutional investors.

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.