Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Shares Bought by Bayforest Capital Ltd

Key Points

• Bayforest Capital Ltd increased its holdings in Full Truck Alliance Co. Ltd. by 90.3% during the second quarter, bringing its total shares to 82,972, valued at $980,000.
• Multiple institutional investors, including Invesco and Vanguard, also reported increases in their holdings, with institutional investors owning 39.02% of the company's stock.
• Full Truck Alliance's stock received a consensus rating of "Moderate Buy" from analysts, with an average target price of $15.00.

Bayforest Capital Ltd raised its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 90.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,972 shares of the company's stock after acquiring an additional 39,365 shares during the quarter. Bayforest Capital Ltd's holdings in Full Truck Alliance were worth $980,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Invesco Ltd. lifted its holdings in Full Truck Alliance by 3.1% in the 1st quarter. Invesco Ltd. now owns 30,965,571 shares of the company's stock valued at $395,430,000 after acquiring an additional 917,263 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Full Truck Alliance by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 29,373,877 shares of the company's stock valued at $375,104,000 after acquiring an additional 430,834 shares during the last quarter. Krane Funds Advisors LLC raised its holdings in Full Truck Alliance by 23.2% during the 1st quarter. Krane Funds Advisors LLC now owns 26,207,165 shares of the company's stock worth $334,665,000 after buying an additional 4,931,028 shares during the period. Goldman Sachs Group Inc. raised its holdings in Full Truck Alliance by 9.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,761,409 shares of the company's stock worth $137,423,000 after buying an additional 935,344 shares during the period. Finally, Davis Selected Advisers raised its holdings in Full Truck Alliance by 44.8% during the 1st quarter. Davis Selected Advisers now owns 7,819,344 shares of the company's stock worth $99,853,000 after buying an additional 2,418,953 shares during the period. 39.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "buy (b-)" rating on shares of Full Truck Alliance in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $15.00.

Full Truck Alliance Trading Up 5.0%

NYSE YMM opened at $12.36 on Tuesday. The stock's 50-day moving average price is $12.68 and its two-hundred day moving average price is $12.05. The company has a market cap of $12.93 billion, a PE ratio of 22.08 and a beta of 0.20. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1 year low of $8.20 and a 1 year high of $14.07.

Full Truck Alliance Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Monday, October 27th. Investors of record on Friday, October 10th will be given a dividend of $0.096 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a yield of 163.0%. Full Truck Alliance's payout ratio is presently 28.57%.

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.

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