Goldman Sachs Group Inc. grew its position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 9.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,761,409 shares of the company's stock after purchasing an additional 935,344 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.03% of Full Truck Alliance worth $137,423,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the business. Invesco Ltd. grew its holdings in Full Truck Alliance by 3.1% during the 1st quarter. Invesco Ltd. now owns 30,965,571 shares of the company's stock worth $395,430,000 after acquiring an additional 917,263 shares during the last quarter. Vanguard Group Inc. raised its position in Full Truck Alliance by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 29,373,877 shares of the company's stock worth $375,104,000 after purchasing an additional 430,834 shares during the last quarter. Krane Funds Advisors LLC raised its position 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 purchasing an additional 4,931,028 shares during the last quarter. Sylebra Capital LLC lifted its holdings 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 worth $115,701,000 after buying an additional 4,184,065 shares during the period. Finally, Davis Selected Advisers grew its position in shares of Full Truck Alliance by 44.8% in the 1st quarter. Davis Selected Advisers now owns 7,819,344 shares of the company's stock valued at $99,853,000 after buying an additional 2,418,953 shares during the last quarter. Institutional investors own 39.02% of the company's stock.
Full Truck Alliance Stock Performance
YMM traded up $0.28 during mid-day trading on Wednesday, reaching $13.82. 2,912,804 shares of the stock were exchanged, compared to its average volume of 9,102,151. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1 year low of $7.43 and a 1 year high of $13.95. The stock has a market capitalization of $14.45 billion, a PE ratio of 24.71 and a beta of 0.21. The company has a 50 day moving average price of $12.24 and a two-hundred day moving average price of $12.03.
Full Truck Alliance Cuts Dividend
The company also recently announced an annual dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, October 13th will be given a dividend of $0.096 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a dividend yield of 60.0%. Full Truck Alliance's dividend payout ratio (DPR) is currently 28.57%.
Analyst Upgrades and Downgrades
Separately, Citigroup cut their price objective on 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 issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $15.00.
Check Out Our Latest Stock Analysis on Full Truck Alliance
About Full Truck Alliance
(
Free Report)
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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