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. cut its position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 11.7% in the 1st quarter, according to its most recent Form 13F filing 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 quarter. Nomura Holdings Inc.'s holdings in Full Truck Alliance were worth $2,914,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in YMM. Envestnet Asset Management Inc. bought a new position in shares of Full Truck Alliance in the fourth quarter valued at $537,000. First Trust Advisors LP bought a new position in shares of Full Truck Alliance in the fourth quarter valued at $752,000. Ameriprise Financial Inc. grew its stake in shares of Full Truck Alliance by 37.7% in the fourth quarter. Ameriprise Financial Inc. now owns 3,804,467 shares of the company's stock valued at $41,164,000 after buying an additional 1,042,081 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of Full Truck Alliance in the fourth quarter valued at $45,155,000. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of Full Truck Alliance by 10.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 831,023 shares of the company's stock valued at $8,992,000 after buying an additional 81,389 shares in the last quarter. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Price Performance

Shares of Full Truck Alliance stock opened at $13.05 on Tuesday. The business has a fifty day simple moving average of $11.95 and a two-hundred day simple moving average of $11.93. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1 year low of $7.00 and a 1 year high of $13.85. The company has a market capitalization of $13.65 billion, a price-to-earnings ratio of 23.31 and a beta of 0.21.

Full Truck Alliance Cuts Dividend

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

Analyst Ratings Changes

Separately, Citigroup cut their price target 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 assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $15.00.

Full Truck Alliance 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.

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