Nomura Holdings Inc. Sells 30,363 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Key Points

• Nomura Holdings Inc. has reduced its stake in Full Truck Alliance Co. Ltd. by 11.7%, selling 30,363 shares and now holding 228,212 shares valued at approximately $2.9 million.
• Full Truck Alliance recently announced a dividend of $0.096 per share, yielding 60.0%, with a payout ratio of 28.57% as part of their annual dividend plan.
• Analysts have cut the price target on Full Truck Alliance from $16.50 to $16.00, with the stock currently rated as a "Moderate Buy" and an average price target around $15.00.

Nomura Holdings Inc. decreased its position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 11.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 228,212 shares of the company's stock after selling 30,363 shares during the period. Nomura Holdings Inc.'s holdings in Full Truck Alliance were worth $2,914,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of YMM. The Manufacturers Life Insurance Company increased its holdings in Full Truck Alliance by 25.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,498,085 shares of the company's stock valued at $19,131,000 after purchasing an additional 302,381 shares in the last quarter. Taikang Asset Management Hong Kong Co Ltd grew its holdings in shares of Full Truck Alliance by 13.5% during the first quarter. Taikang Asset Management Hong Kong Co Ltd now owns 1,548,266 shares of the company's stock worth $19,771,000 after purchasing an additional 184,652 shares during the last quarter. Jump Financial LLC bought a new position in shares of Full Truck Alliance in the first quarter valued at about $6,753,000. APG Asset Management N.V. bought a new position in shares of Full Truck Alliance in the first quarter valued at about $56,253,000. Finally, Compound Planning Inc. lifted its position in Full Truck Alliance by 47.7% during the 1st quarter. Compound Planning Inc. now owns 16,156 shares of the company's stock worth $206,000 after buying an additional 5,218 shares in the last quarter. 39.02% of the stock is owned by institutional investors and hedge funds.

Full Truck Alliance Stock Up 1.2%

NYSE YMM traded up $0.16 during trading hours on Friday, hitting $13.26. The company's stock 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 twelve month low of $7.00 and a twelve month high of $13.85. The firm has a market capitalization of $13.86 billion, a P/E ratio of 23.67 and a beta of 0.21. The stock has a fifty day moving average of $12.05 and a 200 day moving average of $11.94.

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. The ex-dividend date is Friday, October 10th. This represents a yield of 60.0%. Full Truck Alliance's dividend payout ratio (DPR) is 28.57%.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered their price objective on shares of Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. One 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 stock. According to MarketBeat.com, the company has a consensus 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.