BLI Banque de Luxembourg Investments Increases Stake in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

BLI Banque de Luxembourg Investments increased its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 84.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 482,000 shares of the company’s stock after acquiring an additional 220,000 shares during the period. BLI Banque de Luxembourg Investments’ holdings in Full Truck Alliance were worth $5,266,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. First Beijing Investment Ltd boosted its stake in shares of Full Truck Alliance by 73.8% in the 3rd quarter. First Beijing Investment Ltd now owns 68,645,580 shares of the company’s stock valued at $890,333,000 after purchasing an additional 29,150,926 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Full Truck Alliance by 66.4% in the 3rd quarter. Invesco Ltd. now owns 54,223,349 shares of the company’s stock valued at $703,277,000 after purchasing an additional 21,628,993 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Full Truck Alliance by 2,789.6% in the 3rd quarter. Schroder Investment Management Group now owns 33,333,051 shares of the company’s stock valued at $432,330,000 after purchasing an additional 32,179,501 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Full Truck Alliance by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 33,004,634 shares of the company’s stock valued at $354,140,000 after purchasing an additional 461,147 shares in the last quarter. Finally, Krane Funds Advisors LLC boosted its stake in shares of Full Truck Alliance by 14.0% in the 4th quarter. Krane Funds Advisors LLC now owns 32,100,736 shares of the company’s stock valued at $344,441,000 after purchasing an additional 3,935,263 shares in the last quarter. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on YMM shares. Bank of America started coverage on shares of Full Truck Alliance in a research note on Tuesday, May 5th. They issued a “buy” rating and a $11.30 price objective for the company. Weiss Ratings raised shares of Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Daiwa Securities Group cut 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. Morgan Stanley reaffirmed an “overweight” rating on shares of Full Truck Alliance in a research note on Thursday, March 12th. Finally, Citigroup reissued a “buy” rating on shares of Full Truck Alliance in a research report on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $10.76.

Full Truck Alliance Stock Down 1.1%

Shares of YMM opened at $8.26 on Wednesday. The stock has a market capitalization of $8.61 billion, a P/E ratio of 14.48, a PEG ratio of 0.77 and a beta of 0.30. The firm has a fifty day simple moving average of $8.62 and a two-hundred day simple moving average of $9.58. Full Truck Alliance Co. Ltd. Sponsored ADR has a twelve month low of $8.04 and a twelve month high of $14.07.

Full Truck Alliance (NYSE:YMM) last announced its quarterly earnings results on Saturday, February 14th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $456.32 million during the quarter. Full Truck Alliance had a net margin of 32.68% and a return on equity of 10.52%. Sell-side analysts expect that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 EPS for the current fiscal year.

Full Truck Alliance Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th were given a dividend of $0.084 per share. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a yield of 201.0%. Full Truck Alliance’s dividend payout ratio is presently 24.56%.

Full Truck Alliance 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.