Carrhae Capital LLP Acquires 1,132,667 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Carrhae Capital LLP grew its stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 42.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,807,441 shares of the company’s stock after buying an additional 1,132,667 shares during the period. Full Truck Alliance accounts for about 1.5% of Carrhae Capital LLP’s holdings, making the stock its 21st largest position. Carrhae Capital LLP’s holdings in Full Truck Alliance were worth $40,854,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Royal Bank of Canada increased its holdings in Full Truck Alliance by 172.4% in the 1st quarter. Royal Bank of Canada now owns 34,765 shares of the company’s stock valued at $444,000 after buying an additional 22,001 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Full Truck Alliance by 11.6% in the 2nd quarter. Geode Capital Management LLC now owns 159,770 shares of the company’s stock worth $1,887,000 after acquiring an additional 16,591 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings 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. California Public Employees Retirement System grew its holdings in Full Truck Alliance by 7.9% during the 2nd quarter. California Public Employees Retirement System now owns 1,134,627 shares of the company’s stock worth $13,400,000 after acquiring an additional 83,434 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of Full Truck Alliance in the second quarter valued at approximately $118,000. 39.02% of the stock is currently owned by institutional investors.

Full Truck Alliance Price Performance

Shares of Full Truck Alliance stock opened at $8.37 on Friday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1 year low of $8.04 and a 1 year high of $14.07. The company has a market capitalization of $8.73 billion, a price-to-earnings ratio of 14.68, a P/E/G ratio of 0.81 and a beta of 0.30. The business has a fifty day simple moving average of $8.54 and a two-hundred day simple moving average of $9.89.

Full Truck Alliance (NYSE:YMM) last announced its earnings results on Saturday, February 14th. The company reported $0.01 earnings per share for the quarter. Full Truck Alliance had a return on equity of 10.63% and a net margin of 32.68%.The company had revenue of $456.32 million for the quarter. As a group, equities analysts anticipate that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 earnings per share for the current fiscal year.

Full Truck Alliance Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th were paid a $0.084 dividend. The ex-dividend date was Wednesday, April 8th. This represents a yield of 201.0%. Full Truck Alliance’s payout ratio is 23.33%.

Analyst Ratings Changes

YMM has been the subject of several recent research reports. Citigroup reissued a “buy” rating on shares of Full Truck Alliance in a report on Monday, April 20th. JPMorgan Chase & Co. raised shares of Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 price objective for the company in a research report on Wednesday, April 1st. Bank of America began coverage on Full Truck Alliance in a research note on Tuesday, May 5th. They issued a “buy” rating and a $11.30 target price on the stock. Daiwa Securities Group downgraded shares of Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price objective for the company. in a research note on Friday, March 13th. Finally, Weiss Ratings raised Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Three 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, Full Truck Alliance presently has an average rating of “Hold” and a consensus price target of $10.76.

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.