Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Stock Acquired by Matthews International Capital Management LLC

Matthews International Capital Management LLC increased its holdings in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 21.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,054,349 shares of the company’s stock after purchasing an additional 187,054 shares during the quarter. Full Truck Alliance makes up approximately 3.6% of Matthews International Capital Management LLC’s portfolio, making the stock its 11th biggest position. Matthews International Capital Management LLC owned approximately 0.10% of Full Truck Alliance worth $8,719,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. boosted its stake in Full Truck Alliance by 65.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 3,426,014 shares of the company’s stock valued at $28,333,000 after acquiring an additional 1,360,147 shares in the last quarter. Bank of America Corp DE increased its position in shares of Full Truck Alliance by 57.7% during the first quarter. Bank of America Corp DE now owns 2,515,788 shares of the company’s stock worth $20,881,000 after purchasing an additional 920,948 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Full Truck Alliance by 62.4% in the 1st quarter. Hsbc Holdings PLC now owns 1,975,692 shares of the company’s stock valued at $16,301,000 after purchasing an additional 758,900 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Full Truck Alliance in the 1st quarter valued at about $11,592,000. Finally, C WorldWide Group Holding A S lifted its holdings in shares of Full Truck Alliance by 0.8% in the 2nd quarter. C WorldWide Group Holding A S now owns 1,153,400 shares of the company’s stock valued at $9,366,000 after purchasing an additional 9,100 shares during the last quarter. 39.02% of the stock is owned by institutional investors and hedge funds.

Full Truck Alliance Price Performance

Shares of YMM stock opened at $8.82 on Wednesday. The business’s fifty day moving average price is $8.44 and its 200 day moving average price is $8.77. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $7.45 and a 1-year high of $13.09. The firm has a market capitalization of $9.20 billion, a PE ratio of 14.96, a P/E/G ratio of 0.81 and a beta of 0.25.

Full Truck Alliance (NYSE:YMM) last released its quarterly earnings results on Friday, August 14th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Full Truck Alliance had a return on equity of 10.68% and a net margin of 33.07%. The business had revenue of $497.73 million for the quarter, compared to analysts’ expectations of $463.13 million. Equities research analysts expect that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.71 earnings per share for the current fiscal year.

Full Truck Alliance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 14th were paid a dividend of $0.0840 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Wednesday, October 14th. Full Truck Alliance’s dividend payout ratio is currently 57.63%.

Analyst Upgrades and Downgrades

YMM has been the topic of a number of research reports. Weiss Ratings downgraded Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 30th. Wall Street Zen upgraded Full Truck Alliance from a “hold” rating to a “buy” rating in a research note on Saturday, October 24th. Finally, UBS Group reissued a “buy” rating and issued a $13.36 price objective on shares of Full Truck Alliance in a report on Wednesday, August 5th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $11.30.

Full Truck Alliance Company Profile

Full Truck Alliance Co. Ltd. operates a digital freight platform in China that connects businesses and other cargo shippers with truck drivers. Its platform helps users find and arrange road transportation, matching freight orders with available trucks. The company was formed in 2017 through the merger of Chinese freight platforms Yunmanman and Huochebang. Its services include freight matching and tools for arranging and managing shipments. Full Truck Alliance is focused on the Chinese market. Co-founder Zhang Hui serves as the company’s chairman and chief executive officer.