SB Investment Advisers UK Ltd. decreased its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 73.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,038,625 shares of the company's stock after selling 19,046,304 shares during the period. Full Truck Alliance comprises 0.8% of SB Investment Advisers UK Ltd.'s portfolio, making the stock its 7th largest holding. SB Investment Advisers UK Ltd. owned about 0.67% of Full Truck Alliance worth $89,883,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in shares of Full Truck Alliance by 16.2% in the 4th quarter. Geode Capital Management LLC now owns 137,631 shares of the company's stock valued at $1,489,000 after purchasing an additional 19,227 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in Full Truck Alliance during the 4th quarter worth approximately $537,000. Mariner LLC increased its holdings in Full Truck Alliance by 140.1% during the 4th quarter. Mariner LLC now owns 54,432 shares of the company's stock valued at $589,000 after acquiring an additional 31,757 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of Full Truck Alliance during the 4th quarter valued at about $752,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Full Truck Alliance during the fourth quarter worth about $485,000. 39.02% of the stock is owned by hedge funds and other institutional investors.
Full Truck Alliance Price Performance
Shares of YMM stock traded up $0.15 during trading hours on Tuesday, hitting $13.20. 15,394,068 shares of the company's stock were exchanged, compared to its average volume of 9,186,488. The stock's 50-day moving average is $11.95 and its 200-day moving average is $11.93. The stock has a market cap of $13.81 billion, a price-to-earnings ratio of 23.58 and a beta of 0.21. Full Truck Alliance Co. Ltd. Sponsored ADR has a 52 week low of $7.00 and a 52 week high of $13.85.
Full Truck Alliance Cuts Dividend
The firm also recently declared an annual dividend, which will be paid on Monday, October 27th. Investors of record on Monday, October 13th will be paid a dividend of $0.096 per share. This represents a dividend yield of 60.0%. The ex-dividend date of this dividend is Friday, October 10th. Full Truck Alliance's dividend payout ratio (DPR) is currently 28.57%.
Wall Street Analysts Forecast Growth
Separately, Citigroup dropped their price objective on Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $15.00.
Read Our Latest Analysis on YMM
About Full Truck Alliance
(
Free Report)
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.
Featured Stories
Before you consider Full Truck Alliance, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Full Truck Alliance wasn't on the list.
While Full Truck Alliance currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
