Quantbot Technologies LP Boosts Stock Holdings in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Quantbot Technologies LP lifted its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 411.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 386,941 shares of the company's stock after acquiring an additional 311,320 shares during the period. Quantbot Technologies LP's holdings in Full Truck Alliance were worth $4,941,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of YMM. Invesco Ltd. grew its position in shares of Full Truck Alliance by 3.1% in the 1st quarter. Invesco Ltd. now owns 30,965,571 shares of the company's stock worth $395,430,000 after acquiring an additional 917,263 shares in the last quarter. Vanguard Group Inc. grew its stake in Full Truck Alliance by 1.5% in the first quarter. Vanguard Group Inc. now owns 29,373,877 shares of the company's stock valued at $375,104,000 after purchasing an additional 430,834 shares in the last quarter. Krane Funds Advisors LLC boosted its stake in shares of Full Truck Alliance by 23.2% during the 1st quarter. Krane Funds Advisors LLC now owns 26,207,165 shares of the company's stock worth $334,665,000 after acquiring an additional 4,931,028 shares in the last quarter. Aspex Management HK Ltd acquired a new position in Full Truck Alliance during the 4th quarter valued at $164,557,000. Finally, Sylebra Capital LLC raised its holdings in Full Truck Alliance by 64.3% in the 4th quarter. Sylebra Capital LLC now owns 10,693,280 shares of the company's stock valued at $115,701,000 after acquiring an additional 4,184,065 shares in the last quarter. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Full Truck Alliance Trading Up 5.3%

NYSE YMM traded up $0.6350 during trading hours on Friday, hitting $12.7250. 28,819,335 shares of the company's stock were exchanged, compared to its average volume of 9,069,812. The stock has a 50-day simple moving average of $11.81 and a 200 day simple moving average of $11.90. The firm has a market cap of $13.31 billion, a price-to-earnings ratio of 25.45 and a beta of 0.20. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $6.85 and a 1-year high of $13.85.

Full Truck Alliance Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, October 13th will be given a dividend of $0.096 per share. This represents a dividend yield of 60.0%. The ex-dividend date is Friday, October 10th. Full Truck Alliance's payout ratio is 32.00%.

Wall Street Analysts Forecast Growth

Separately, Citigroup decreased their price objective on Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Full Truck Alliance currently 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.