Krane Funds Advisors LLC recently announced the acquisition of new stake in Full Truck Alliance Co Ltd ADR (NYSE:YMM). The institutional investor has increased its shareholding in the Technology company by 13.92% to 35.59 million shares with purchase of 4.35 million shares. This fresh investment now brings its stake to 3.73% valued currently at $266.53 million. In addition, Invesco Asset Management Ltd. raised its holdings by 4.31 million to 22.11 million shares. And Alkeon Capital Management LLC has lifted its position by 2.32% or 0.5 million shares – to 22.09 million shares.
Currently, there are 945.97M common shares owned by the public and among those 881.92M shares have been available to trade.
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The top 3 mutual fund holders in Full Truck Alliance Co Ltd ADR are KraneShares CSI China Internet ET, Vanguard International Growth Fun, and ACAP Strategic Fund. KraneShares CSI China Internet ET owns 33.58 million shares of the company’s stock, all valued at over $251.49 million. ACAP Strategic Fund bought 0.23 million shares to bring its total holdings to over 10.77 million shares at a value of $80.67 million. ACAP Strategic Fund now owns shares totaling to 1.13% of the shares outstanding.
However, the script later moved the day high at 6.91, down -0.44%. The company’s stock has a 5-day price change of -5.59% and -2.31% over the past three months. YMM shares are trading -15.50% year to date (YTD), with the 12-month market performance down to -21.85% lower. It has a 12-month low price of $5.41 and touched a high of $10.18 over the same period. YMM has an average intraday trading volume of 5.21 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.52%, -4.78%, and -1.46% respectively.
Institutional ownership of Full Truck Alliance Co Ltd ADR (NYSE: YMM) shares accounts for 37.27% of the company’s 945.97M shares outstanding. Mutual fund holders own 17.43%, while other institutional holders and individual stakeholders account for 19.91% and — respectively.
It has a market capitalization of $6.45B and a beta (3y monthly) value of 0.29. The stock’s trailing 12-month PE ratio is 27.77, while the earnings-per-share (ttm) stands at $0.24. The company has a PEG of 0.77 and a Quick Ratio of 8.21 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.47% over the week and 3.94% over the month.
Analysts forecast that Full Truck Alliance Co Ltd ADR (YMM) will achieve an EPS of $0.08 for the current quarter, $0.08 for the next quarter and $0.44 for 2024. The lowest estimate earnings-per-share for the quarter is $0.08 while analysts give the company a high EPS estimate of $0.09. Comparatively, EPS for the current quarter was $0.06 a year ago. Earnings per share for the fiscal year are expected to increase by 83.93%, and 26.94% over the next financial year.
Looking at the support for the YMM, a number of firms have released research notes about the stock. Morgan Stanley stated their Overweight rating for the stock in a research note on July 05, 2023, with the firm’s price target at $9.
