Jump Financial LLC Makes New Investment in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Key Points

• Jump Financial LLC acquired a new stake in Full Truck Alliance Co. Ltd. during the first quarter, purchasing 528,834 shares valued at approximately $6.75 million, representing about 0.05% of the company.
• Several institutional investors made significant changes to their positions, including a 495.4% increase in holdings by Brooklyn Investment Group, reflecting growing interest in the company.
• Full Truck Alliance recently announced an annual dividend of $0.096 per share, resulting in a high dividend yield of 60.0%, with a payout ratio of 28.57%.

Jump Financial LLC purchased a new stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 528,834 shares of the company's stock, valued at approximately $6,753,000. Jump Financial LLC owned approximately 0.05% of Full Truck Alliance at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of YMM. Atlas Capital Advisors Inc. acquired a new stake in Full Truck Alliance during the 1st quarter worth $29,000. Brooklyn Investment Group lifted its position in 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 acquiring an additional 2,046 shares in the last quarter. US Bancorp DE bought a new stake in Full Truck Alliance in the 1st quarter valued at $40,000. Summit Securities Group LLC lifted its position in Full Truck Alliance by 1,466.6% in the 1st quarter. Summit Securities Group LLC now owns 5,013 shares of the company's stock valued at $64,000 after acquiring an additional 4,693 shares in the last quarter. Finally, Wolverine Trading LLC bought a new stake in Full Truck Alliance in the 4th quarter valued at $115,000. Institutional investors and hedge funds own 39.02% of the company's stock.

Analysts Set New Price Targets

Separately, Citigroup cut their price objective on shares of Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. One 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.00.

Full Truck Alliance Price Performance

YMM stock traded up $0.30 during midday trading on Friday, hitting $13.05. The company's stock had a trading volume of 13,661,989 shares, compared to its average volume of 14,752,693. Full Truck Alliance Co. Ltd. Sponsored ADR has a twelve month low of $7.00 and a twelve month high of $13.85. The company's fifty day moving average price is $11.93 and its 200 day moving average price is $11.93. The stock has a market capitalization of $13.65 billion, a P/E ratio of 23.31 and a beta of 0.20.

Full Truck Alliance Cuts Dividend

The company also recently disclosed an annual dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, October 13th will be paid a dividend of $0.096 per share. The ex-dividend date is Friday, October 10th. This represents a dividend yield of 60.0%. Full Truck Alliance's 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.