Greenwoods Asset Management Hong Kong Ltd. Reduces Stock Holdings in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Key Points

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Greenwoods Asset Management Hong Kong Ltd. lowered its position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 0.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,995,141 shares of the company's stock after selling 24,662 shares during the quarter. Full Truck Alliance comprises 10.3% of Greenwoods Asset Management Hong Kong Ltd.'s portfolio, making the stock its 4th largest position. Greenwoods Asset Management Hong Kong Ltd. owned approximately 2.49% of Full Truck Alliance worth $331,958,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in YMM. Atlas Capital Advisors Inc. bought a new position in Full Truck Alliance during the first quarter worth $29,000. Brooklyn Investment Group boosted its holdings in shares of Full Truck Alliance by 495.4% in the 1st quarter. Brooklyn Investment Group now owns 2,459 shares of the company's stock valued at $31,000 after buying an additional 2,046 shares during the period. US Bancorp DE acquired a new stake in Full Truck Alliance during the first quarter worth about $40,000. Summit Securities Group LLC lifted its holdings in Full Truck Alliance by 1,466.6% in the first quarter. Summit Securities Group LLC now owns 5,013 shares of the company's stock worth $64,000 after acquiring an additional 4,693 shares during the last quarter. Finally, Townsquare Capital LLC acquired a new position in Full Truck Alliance in the fourth quarter valued at approximately $111,000. 39.02% of the stock is currently owned by institutional investors.

Full Truck Alliance Price Performance

Shares of NYSE YMM traded up $0.6350 during midday trading on Friday, reaching $12.7250. 28,819,335 shares of the company traded hands, compared to its average volume of 9,069,812. The stock has a 50-day moving average price of $11.81 and a 200 day moving average price of $11.90. The company has a market cap of $13.31 billion, a price-to-earnings ratio of 25.45 and a beta of 0.20. Full Truck Alliance Co. Ltd. Sponsored ADR has a 52 week low of $6.85 and a 52 week high of $13.85.

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 Monday, October 13th will be paid a dividend of $0.096 per share. This represents a dividend yield of 60.0%. The ex-dividend date is Friday, October 10th. Full Truck Alliance's dividend payout ratio (DPR) is currently 32.00%.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered their price objective on Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $15.00.

Full Truck Alliance Company 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.