J. Safra Sarasin Holding AG Takes Position in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Key Points

• J. Safra Sarasin Holding AG acquired a new position in Full Truck Alliance Co. Ltd., purchasing 265,000 shares valued at approximately $3.13 million in the second quarter.
• Full Truck Alliance has a market capitalization of $14.04 billion, with shares trading between a one-year low of $8.20 and a high of $14.02.
• The company plans to pay an annual dividend of $0.096 on October 27th, yielding 60.0%, with the ex-dividend date set for October 10th.

J. Safra Sarasin Holding AG bought a new position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 265,000 shares of the company's stock, valued at approximately $3,130,000.

Several other hedge funds have also bought and sold shares of the stock. Atlas Capital Advisors Inc. purchased a new position in shares of Full Truck Alliance during the 1st quarter valued at about $29,000. Brooklyn Investment Group raised its stake in 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 acquiring an additional 2,046 shares during the period. US Bancorp DE purchased a new position in Full Truck Alliance during the first quarter valued at approximately $40,000. Summit Securities Group LLC boosted its position in shares of 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 purchasing an additional 4,693 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Full Truck Alliance by 12,795.3% in the first 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 in the last quarter. Institutional investors own 39.02% of the company's stock.

Full Truck Alliance Price Performance

Shares of YMM stock opened at $13.42 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 company's fifty day moving average price is $12.45 and its 200-day moving average price is $12.08. The company has a market capitalization of $14.04 billion, a price-to-earnings ratio of 23.96 and a beta of 0.20.

Full Truck Alliance Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, October 10th will be given 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%.

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.

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