Mondrian Investment Partners LTD Sells 1,349,387 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Key Points

• Mondrian Investment Partners cut its Full Truck Alliance stake by 19.8%, selling 1,349,387 shares and retaining 5.46 million shares valued at approximately $45.1 million. Institutional investors and hedge funds collectively own 39.02% of the company.
• Full Truck Alliance reported quarterly revenue of $497.73 million and earnings of $0.20 per share, exceeding analyst estimates. Analysts project $0.71 in full-year EPS.
• The company declared a quarterly dividend of $0.084 per share, equal to an annualized $0.34 and a 4.1% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $11.30, versus a recent share price of $8.28.

Mondrian Investment Partners LTD trimmed its position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 19.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,458,222 shares of the company's stock after selling 1,349,387 shares during the period. Mondrian Investment Partners LTD owned approximately 0.52% of Full Truck Alliance worth $45,139,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its position in Full Truck Alliance by 65.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,426,014 shares of the company's stock valued at $28,333,000 after buying an additional 1,360,147 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Full Truck Alliance by 57.7% in the first quarter. Bank of America Corp DE now owns 2,515,788 shares of the company's stock valued at $20,881,000 after purchasing an additional 920,948 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of Full Truck Alliance by 62.4% in the first quarter. Hsbc Holdings PLC now owns 1,975,692 shares of the company's stock valued at $16,301,000 after purchasing an additional 758,900 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Full Truck Alliance in the first quarter valued at approximately $11,592,000. Finally, C WorldWide Group Holding A S lifted its position in shares of Full Truck Alliance by 0.8% in the second quarter. C WorldWide Group Holding A S now owns 1,153,400 shares of the company's stock worth $9,366,000 after purchasing an additional 9,100 shares in the last quarter. 39.02% of the stock is owned by institutional investors and hedge funds.

Full Truck Alliance Stock Performance

Shares of NYSE YMM opened at $8.28 on Friday. The stock has a 50 day moving average price of $8.46 and a 200 day moving average price of $8.62. The stock has a market capitalization of $8.63 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 0.75 and a beta of 0.22. Full Truck Alliance Co. Ltd. Sponsored ADR has a 52 week low of $7.45 and a 52 week high of $13.40.

Full Truck Alliance (NYSE:YMM - Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. Full Truck Alliance had a return on equity of 10.68% and a net margin of 33.07%. The firm had revenue of $497.73 million for the quarter, compared to analyst estimates of $463.13 million. As a group, research analysts forecast that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.71 EPS for the current year.

Full Truck Alliance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 14th will be paid a $0.0840 dividend. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.34 annualized dividend and a dividend yield of 4.1%. Full Truck Alliance's dividend payout ratio (DPR) is currently 55.93%.

Analyst Ratings Changes

Several brokerages recently commented on YMM. JPMorgan Chase & Co. upgraded shares of Full Truck Alliance from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $8.60 to $10.00 in a report on Monday, June 29th. UBS Group reiterated a "buy" rating and issued a $13.36 price target on shares of Full Truck Alliance in a research note on Wednesday, August 5th. Wall Street Zen upgraded shares of Full Truck Alliance from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Weiss Ratings raised shares of Full Truck Alliance from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, October 13th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.30.

About Full Truck Alliance

Full Truck Alliance Co Ltd. is a China-based digital freight platform that connects shippers with truck drivers and logistics companies. The company operates through its Yunmanman and Huochebang platforms, which help users find transportation capacity, arrange shipments and manage freight transactions through online tools.

Its services are designed to improve the efficiency of China's road freight industry by matching cargo with available trucks and providing information and transaction support.

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