Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in Full Truck Alliance Co. Ltd. by 25.8%, now holding approximately 2.4 million shares valued at $28.6 million.
• Analysts generally maintain a Moderate Buy rating for Full Truck Alliance, with a consensus price target of $15.00.
• The company recently announced a $0.096 annual dividend, set to be paid on October 27th, representing a 60.0% yield.

Robeco Institutional Asset Management B.V. trimmed its position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 25.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,418,946 shares of the company's stock after selling 839,279 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.23% of Full Truck Alliance worth $28,568,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Atlas Capital Advisors Inc. acquired a new stake in Full Truck Alliance in the 1st quarter worth about $29,000. Brooklyn Investment Group boosted its holdings in shares of Full Truck Alliance by 495.4% during the 1st quarter. Brooklyn Investment Group now owns 2,459 shares of the company's stock worth $31,000 after purchasing an additional 2,046 shares during the last quarter. US Bancorp DE acquired a new position in shares of Full Truck Alliance during the 1st quarter worth approximately $40,000. Summit Securities Group LLC boosted its holdings in shares of Full Truck Alliance by 1,466.6% during 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 during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Full Truck Alliance by 12,795.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 11,090 shares of the company's stock worth $142,000 after purchasing an additional 11,004 shares during the last quarter. 39.02% of the stock is currently 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 Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $15.00.

Full Truck Alliance Stock Performance

YMM opened at $13.34 on Friday. Full Truck Alliance Co. Ltd. Sponsored ADR has a one year low of $8.20 and a one year high of $14.02. The stock has a market capitalization of $13.95 billion, a PE ratio of 23.81 and a beta of 0.20. The business's 50 day moving average price is $12.49 and its 200 day moving average price is $12.08.

Full Truck Alliance Cuts Dividend

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

About Full Truck Alliance

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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