331,558 Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Shares Sold by Working Capital Advisors UK Ltd.

Key Points

• Working Capital Advisors UK cut its Full Truck Alliance holdings by 11.1%, selling 331,558 shares in the third quarter, but retained 2.66 million shares. YMM remained its largest portfolio position, representing 55.9% of its portfolio.
• Full Truck Alliance beat quarterly estimates, reporting EPS of $0.20 versus $0.19 expected and revenue of $497.7 million versus $463.1 million expected.
• Analysts’ consensus rating was Moderate Buy, with an average price target of $11.30; the company also paid a quarterly dividend of $0.084 per share, equivalent to an annualized yield of 3.7%.

Working Capital Advisors UK Ltd. lessened its holdings in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 11.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,661,835 shares of the company's stock after selling 331,558 shares during the quarter. Full Truck Alliance accounts for approximately 55.9% of Working Capital Advisors UK Ltd.'s portfolio, making the stock its largest position. Working Capital Advisors UK Ltd. owned about 0.26% of Full Truck Alliance worth $21,990,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Parallel Advisors LLC acquired a new position in shares of Full Truck Alliance during the first quarter valued at about $25,000. Rockefeller Capital Management L.P. bought a new stake in shares of Full Truck Alliance during the fourth quarter worth about $39,000. StoneX Group Inc. acquired a new stake in shares of Full Truck Alliance in the 3rd quarter worth about $127,000. QRG Capital Management Inc. raised its holdings in shares of Full Truck Alliance by 61.1% in the 2nd quarter. QRG Capital Management Inc. now owns 21,039 shares of the company's stock worth $171,000 after acquiring an additional 7,976 shares during the last quarter. Finally, Vise Technologies Inc. raised its holdings in shares of Full Truck Alliance by 29.9% in the 3rd quarter. Vise Technologies Inc. now owns 21,116 shares of the company's stock worth $175,000 after acquiring an additional 4,862 shares during the last quarter. Institutional investors and hedge funds own 39.02% of the company's stock.

Full Truck Alliance Trading Down 0.4%

Shares of NYSE:YMM opened at $9.12 on Monday. The stock has a market cap of $9.51 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 0.82 and a beta of 0.25. The stock's fifty day simple moving average is $8.43 and its two-hundred day simple moving average is $8.78. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $7.45 and a 1-year high of $13.09.

Full Truck Alliance (NYSE:YMM - Get Free Report) last posted its earnings results on Friday, August 14th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. Full Truck Alliance had a net margin of 33.07% and a return on equity of 10.68%. The firm had revenue of $497.73 million during the quarter, compared to analyst estimates of $463.13 million. On average, sell-side analysts forecast 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 14th were given a $0.0840 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Wednesday, October 14th. Full Truck Alliance's dividend payout ratio is presently 55.93%.

Analyst Ratings Changes

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

About Full Truck Alliance

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.