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Swedbank AB Takes $4.47 Million Position in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Full Truck Alliance logo with Business Services background

Key Points

  • Swedbank AB has acquired a new stake in Full Truck Alliance, purchasing 350,000 shares valued at approximately $4.47 million.
  • Several hedge funds have increased their stakes in Full Truck Alliance in the 1st quarter, with institutional investors now owning 39.02% of the company's stock.
  • Full Truck Alliance recently declared an annual dividend of $0.096 with a yield of 60.0%, and analysts have a consensus price target of $15.00 for the stock.
  • Five stocks we like better than Full Truck Alliance.

Swedbank AB acquired a new stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 350,000 shares of the company's stock, valued at approximately $4,470,000.

Several other hedge funds also recently modified their holdings of the stock. Invesco Ltd. increased its stake 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 valued at $395,430,000 after acquiring an additional 917,263 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Full Truck Alliance by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 29,373,877 shares of the company's stock valued at $375,104,000 after acquiring an additional 430,834 shares in the last quarter. Krane Funds Advisors LLC increased its stake in shares of Full Truck Alliance by 23.2% in the 1st quarter. Krane Funds Advisors LLC now owns 26,207,165 shares of the company's stock valued at $334,665,000 after acquiring an additional 4,931,028 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Full Truck Alliance by 9.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 10,761,409 shares of the company's stock valued at $137,423,000 after acquiring an additional 935,344 shares in the last quarter. Finally, Sylebra Capital LLC lifted its holdings in shares of Full Truck Alliance by 64.3% in the 4th quarter. Sylebra Capital LLC now owns 10,693,280 shares of the company's stock worth $115,701,000 after purchasing an additional 4,184,065 shares in the last quarter. Institutional investors own 39.02% of the company's stock.

Full Truck Alliance Price Performance

Full Truck Alliance stock opened at $13.56 on Tuesday. Full Truck Alliance Co. Ltd. Sponsored ADR has a one year low of $7.20 and a one year high of $13.85. The business has a fifty day moving average price of $12.22 and a 200-day moving average price of $12.02. The firm has a market capitalization of $14.18 billion, a P/E ratio of 24.21 and a beta of 0.21.

Full Truck Alliance Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, October 13th will be issued a $0.096 dividend. 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 presently 28.57%.

Analysts Set New Price Targets

Separately, Citigroup cut their target price 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 analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Full Truck Alliance has an average rating of "Moderate Buy" and a consensus price target of $15.00.

Check Out Our Latest Analysis on YMM

Full Truck Alliance Company Profile

(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.

Read More

Institutional Ownership by Quarter for Full Truck Alliance (NYSE:YMM)

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