Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Shares Sold by Perpetual Ltd

Key Points

• Perpetual Ltd reduced its stake in Full Truck Alliance by 37.3%, selling 732,428 shares and retaining about 1.2 million shares worth approximately $14.5 million.
• In contrast, other institutional investors like Invesco Ltd. and Vanguard Group Inc. have increased their positions in Full Truck Alliance, with Invesco owning nearly 31 million shares worth $395 million after acquiring additional shares.
• Full Truck Alliance recently announced an annual dividend of $0.096, resulting in a yield of 60.0%, with the payment date set for October 27th.

Perpetual Ltd reduced its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 37.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,229,000 shares of the company's stock after selling 732,428 shares during the quarter. Perpetual Ltd owned 0.12% of Full Truck Alliance worth $14,514,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Invesco Ltd. raised its holdings in shares of Full Truck Alliance by 3.1% during the 1st quarter. Invesco Ltd. now owns 30,965,571 shares of the company's stock valued at $395,430,000 after buying an additional 917,263 shares during the period. Vanguard Group Inc. raised its holdings in shares of Full Truck Alliance by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 29,373,877 shares of the company's stock valued at $375,104,000 after buying an additional 430,834 shares during the period. Krane Funds Advisors LLC raised its holdings in shares of 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 valued at $334,665,000 after buying an additional 4,931,028 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of 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 valued at $137,423,000 after buying an additional 935,344 shares during the period. Finally, Sylebra Capital LLC grew its stake in Full Truck Alliance by 64.3% during the 4th quarter. Sylebra Capital LLC now owns 10,693,280 shares of the company's stock valued at $115,701,000 after purchasing an additional 4,184,065 shares in the last quarter. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Full Truck Alliance Trading Down 0.7%

NYSE YMM traded down $0.10 during mid-day trading on Monday, reaching $13.50. 4,052,634 shares of the company's stock traded hands, compared to its average volume of 9,090,390. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $7.57 and a 1-year high of $14.02. The company has a fifty day simple moving average of $12.31 and a 200-day simple moving average of $12.05. The company has a market cap of $14.11 billion, a price-to-earnings ratio of 24.10 and a beta of 0.21.

Full Truck Alliance Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, October 13th will be paid a dividend of $0.096 per share. This represents a yield of 60.0%. The ex-dividend date is Friday, October 10th. Full Truck Alliance's dividend payout ratio (DPR) is 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.