Greenwoods Asset Management Hong Kong Ltd. decreased its position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 0.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,995,141 shares of the company's stock after selling 24,662 shares during the quarter. Full Truck Alliance comprises about 10.3% of Greenwoods Asset Management Hong Kong Ltd.'s investment portfolio, making the stock its 4th largest holding. Greenwoods Asset Management Hong Kong Ltd. owned about 2.49% of Full Truck Alliance worth $331,958,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of YMM. Aspex Management HK Ltd acquired a new position in shares of Full Truck Alliance during the fourth quarter valued at $164,557,000. Kontiki Capital Management HK Ltd. acquired a new position in shares of Full Truck Alliance during the first quarter valued at $81,320,000. Nuveen Asset Management LLC acquired a new position in shares of Full Truck Alliance during the fourth quarter valued at $60,356,000. Krane Funds Advisors LLC boosted its holdings in shares of Full Truck Alliance by 23.2% during the first quarter. Krane Funds Advisors LLC now owns 26,207,165 shares of the company's stock valued at $334,665,000 after acquiring an additional 4,931,028 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Full Truck Alliance during the first quarter valued at $59,933,000. Institutional investors and hedge funds own 39.02% of the company's stock.
Full Truck Alliance Trading Up 5.3%
Shares of NYSE YMM traded up $0.6350 during midday trading on Friday, reaching $12.7250. The company's stock had a trading volume of 28,819,335 shares, compared to its average volume of 14,625,368. The company has a 50 day moving average price of $11.83 and a 200 day moving average price of $11.91. Full Truck Alliance Co. Ltd. Sponsored ADR has a one year low of $6.85 and a one year high of $13.85. The company has a market cap of $13.31 billion, a price-to-earnings ratio of 22.72 and a beta of 0.20.
Full Truck Alliance Cuts Dividend
The firm also recently announced an annual dividend, which will be paid on Monday, October 27th. Investors of record on Monday, October 13th will be issued a $0.096 dividend. This represents a dividend yield of 60.0%. The ex-dividend date is Friday, October 10th. Full Truck Alliance's payout ratio is presently 28.57%.
Wall Street Analyst Weigh In
Separately, Citigroup reduced their price objective on shares of Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating for the company in a report on Thursday, May 22nd. One investment 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. According to data from MarketBeat.com, Full Truck Alliance presently has an average rating of "Moderate Buy" and a consensus price target of $15.00.
Read Our Latest Research Report on YMM
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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