Jump Financial LLC Buys Shares of 528,834 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 acquired a new position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 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 as of its most recent SEC filing.

Several other large investors have also modified their holdings of YMM. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Full Truck Alliance by 6.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,146 shares of the company's stock valued at $311,000 after purchasing an additional 1,406 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Full Truck Alliance by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 85,106 shares of the company's stock valued at $1,087,000 after purchasing an additional 1,577 shares in the last quarter. Brooklyn Investment Group lifted its holdings in shares of Full Truck Alliance by 495.4% in the first quarter. Brooklyn Investment Group now owns 2,459 shares of the company's stock valued at $31,000 after purchasing an additional 2,046 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new stake in shares of Full Truck Alliance in the first quarter valued at $29,000. Finally, US Bancorp DE purchased a new stake in shares of Full Truck Alliance in the first quarter valued at $40,000. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Trading Up 0.3%

NYSE YMM traded up $0.04 during trading on Thursday, hitting $12.73. 11,429,715 shares of the company traded hands, compared to its average volume of 9,127,269. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12 month low of $7.00 and a 12 month high of $13.85. The business has a fifty day simple moving average of $11.88 and a 200 day simple moving average of $11.93. The company has a market capitalization of $13.31 billion, a P/E ratio of 22.72 and a beta of 0.20.

Full Truck Alliance Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, October 13th will be issued a dividend of $0.096 per share. This represents a yield of 60.0%. The ex-dividend date is Friday, October 10th. Full Truck Alliance's dividend payout ratio (DPR) is 28.57%.

Analyst Ratings Changes

Separately, Citigroup reduced their target price on 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 issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price 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.