Y Intercept Hong Kong Ltd Takes $2.88 Million Position in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Y Intercept Hong Kong Ltd purchased a new position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 347,072 shares of the company’s stock, valued at approximately $2,881,000.

Several other institutional investors and hedge funds have also bought and sold shares of YMM. Caitong International Asset Management Co. Ltd raised its stake in shares of Full Truck Alliance by 150.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company’s stock valued at $32,000 after buying an additional 1,762 shares during the period. Rockefeller Capital Management L.P. purchased a new stake in Full Truck Alliance in the 4th quarter worth about $39,000. EverSource Wealth Advisors LLC raised its stake in Full Truck Alliance by 274.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock valued at $46,000 after acquiring an additional 2,845 shares during the period. Aquatic Capital Management LLC bought a new stake in Full Truck Alliance in the 3rd quarter valued at about $51,000. Finally, Banque de Luxembourg S.A. bought a new position in Full Truck Alliance during the fourth quarter worth about $44,000. 39.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

YMM has been the topic of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of Full Truck Alliance from a “neutral” rating to an “overweight” rating and upped their price target for the company from $8.60 to $10.00 in a research note on Monday, June 29th. Weiss Ratings cut shares of Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Citigroup reaffirmed a “buy” rating on shares of Full Truck Alliance in a report on Monday, April 20th. Daiwa Securities Group cut Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price target for the company. in a research report on Friday, March 13th. Finally, Bank of America began coverage on Full Truck Alliance in a report on Tuesday, May 5th. They set a “buy” rating and a $11.30 price objective on the stock. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $11.04.

Full Truck Alliance Price Performance

Shares of YMM opened at $8.37 on Wednesday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $7.45 and a 1-year high of $14.07. The company has a market capitalization of $8.72 billion, a P/E ratio of 14.68, a P/E/G ratio of 0.76 and a beta of 0.31. The firm’s 50 day simple moving average is $8.49 and its 200 day simple moving average is $9.14.

Full Truck Alliance Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be issued a dividend of $0.084 per share. This represents a dividend yield of 201.0%. The ex-dividend date of this dividend is Tuesday, July 7th. Full Truck Alliance’s payout ratio is currently 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.