Caxton Associates LLP Buys Shares of 80,903 Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Key Points

• Caxton Associates LLP acquired 80,903 shares of Full Truck Alliance Co. Ltd., valued at approximately $1,033,000, in the first quarter.
• Institutional ownership of Full Truck Alliance is at 39.02%, with significant increases from firms like Goldman Sachs and KADENSA CAPITAL.
• Citigroup recently lowered their price target for Full Truck Alliance shares from $16.50 to $16.00, while maintaining a "buy" rating on the stock.

Caxton Associates LLP bought a new stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 80,903 shares of the company's stock, valued at approximately $1,033,000.

A number of other hedge funds have also recently made changes to their positions in YMM. Atlas Capital Advisors Inc. bought a new stake in shares of Full Truck Alliance in the 1st quarter worth approximately $29,000. Brooklyn Investment Group increased its position in Full Truck Alliance by 495.4% during the 1st quarter. Brooklyn Investment Group now owns 2,459 shares of the company's stock valued at $31,000 after purchasing an additional 2,046 shares during the period. US Bancorp DE bought a new position in shares of Full Truck Alliance in the 1st quarter worth about $40,000. Summit Securities Group LLC boosted its stake in Full Truck Alliance by 1,466.6% in the 1st quarter. Summit Securities Group LLC now owns 5,013 shares of the company's stock worth $64,000 after purchasing an additional 4,693 shares in the last quarter. Finally, Wolverine Trading LLC bought a new position in Full Truck Alliance in the 4th quarter worth about $115,000. 39.02% of the stock is currently owned by institutional investors.

Full Truck Alliance Trading Down 0.6%

Full Truck Alliance stock traded down $0.09 during mid-day trading on Tuesday, hitting $13.47. The company had a trading volume of 3,054,821 shares, compared to its average volume of 9,103,602. The company has a market capitalization of $14.08 billion, a price-to-earnings ratio of 24.03 and a beta of 0.21. The company's fifty day moving average is $12.22 and its 200-day moving average is $12.02. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12-month low of $7.37 and a 12-month high of $13.85.

Full Truck Alliance Cuts Dividend

The company also recently disclosed an annual dividend, which will be paid on Monday, October 27th. Investors of record on Monday, October 13th will be paid a $0.096 dividend. This represents a yield of 60.0%. The ex-dividend date of this dividend is Friday, October 10th. Full Truck Alliance's dividend payout ratio is currently 28.57%.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered their target price on shares of Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $15.00.

Full Truck Alliance Profile

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.