Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. reduced its holdings in Full Truck Alliance Co. Ltd. (NYSE:YMMFree Report) by 6.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 115,190 shares of the company’s stock after selling 7,724 shares during the quarter. Franklin Resources Inc.’s holdings in Full Truck Alliance were worth $807,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in YMM. Vanguard Personalized Indexing Management LLC increased its stake in Full Truck Alliance by 25.6% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 26,937 shares of the company’s stock worth $190,000 after acquiring an additional 5,484 shares during the last quarter. abrdn plc increased its stake in Full Truck Alliance by 11.1% during the fourth quarter. abrdn plc now owns 34,748 shares of the company’s stock worth $244,000 after acquiring an additional 3,473 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Full Truck Alliance by 216.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,451 shares of the company’s stock worth $403,000 after acquiring an additional 39,302 shares during the last quarter. Jump Financial LLC acquired a new stake in Full Truck Alliance during the fourth quarter worth about $568,000. Finally, Bank of New York Mellon Corp increased its stake in Full Truck Alliance by 3.4% during the third quarter. Bank of New York Mellon Corp now owns 85,844 shares of the company’s stock worth $604,000 after acquiring an additional 2,786 shares during the last quarter. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

YMM has been the subject of several research analyst reports. Daiwa America upgraded Full Truck Alliance to a “strong-buy” rating in a research note on Friday, May 10th. Barclays increased their target price on Full Truck Alliance from $6.00 to $9.00 and gave the company an “equal weight” rating in a research note on Friday, May 24th. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $9.33.

View Our Latest Analysis on YMM

Full Truck Alliance Trading Up 1.0 %

YMM stock opened at $9.00 on Friday. Full Truck Alliance Co. Ltd. has a 1 year low of $5.70 and a 1 year high of $9.68. The stock has a 50-day simple moving average of $8.42 and a 200-day simple moving average of $7.38.

Full Truck Alliance (NYSE:YMMGet Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. The firm had revenue of $339.15 million during the quarter, compared to the consensus estimate of $322.13 million. Full Truck Alliance had a return on equity of 7.23% and a net margin of 26.48%. On average, research analysts expect that Full Truck Alliance Co. Ltd. will post 0.41 earnings per share for the current fiscal year.

Full Truck Alliance Announces Dividend

The firm also recently declared an annual dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were issued a $0.144 dividend. This represents a yield of 1.84%. The ex-dividend date of this dividend was Thursday, April 4th. Full Truck Alliance’s dividend payout ratio is currently 40.63%.

Full Truck Alliance Profile

(Free Report)

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.

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Institutional Ownership by Quarter for Full Truck Alliance (NYSE:YMM)

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