KADENSA CAPITAL Ltd Has $16.45 Million Holdings in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Key Points

• KADENSA CAPITAL Ltd increased its stake in Full Truck Alliance Co. Ltd. by 185.0%, acquiring 1,288,269 shares, representing approximately 2.0% of its total holdings.
• Full Truck Alliance recently announced a $0.096 dividend with a 60.0% yield to be paid on October 27th, 2023, attracting interest from shareholders.
• Analysts have set a consensus price target of $15.00 for Full Truck Alliance, with Citigroup recently lowering its price objective from $16.50 to $16.00 while maintaining a "buy" rating.

KADENSA CAPITAL Ltd grew its position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 185.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,288,269 shares of the company's stock after buying an additional 836,189 shares during the quarter. Full Truck Alliance accounts for 2.0% of KADENSA CAPITAL Ltd's investment portfolio, making the stock its 19th largest holding. KADENSA CAPITAL Ltd owned 0.12% of Full Truck Alliance worth $16,451,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Atlas Capital Advisors Inc. purchased a new position in shares of Full Truck Alliance in the 1st quarter valued at about $29,000. Brooklyn Investment Group increased 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 purchasing an additional 2,046 shares in the last quarter. US Bancorp DE purchased a new position in shares of Full Truck Alliance in the 1st quarter valued at about $40,000. Summit Securities Group LLC increased its holdings in shares of 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 purchasing an additional 4,693 shares in the last quarter. Finally, Wolverine Trading LLC purchased a new position in shares of Full Truck Alliance in the 4th quarter valued at about $115,000. Hedge funds and other institutional investors own 39.02% of the company's stock.

Analyst Ratings Changes

Separately, Citigroup cut their price target 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 analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Full Truck Alliance currently has a consensus rating of "Moderate Buy" and an average price target of $15.00.

Full Truck Alliance Stock Up 1.2%

Shares of YMM traded up $0.16 during mid-day trading on Friday, hitting $13.26. The company had a trading volume of 10,182,580 shares, compared to its average volume of 12,271,675. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $7.00 and a 1-year high of $13.85. The business's 50-day simple moving average is $12.05 and its 200-day simple moving average is $11.94. The stock has a market cap of $13.86 billion, a PE ratio of 23.67 and a beta of 0.21.

Full Truck Alliance Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, October 13th will be issued a $0.096 dividend. This represents a yield of 60.0%. The ex-dividend date of this dividend is Friday, October 10th. 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.