Swedbank AB Acquires Shares of 350,000 Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

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.

Swedbank AB purchased a new stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 350,000 shares of the company's stock, valued at approximately $4,470,000.

Several other institutional investors have also recently made changes to their positions in the stock. Atlas Capital Advisors Inc. bought a new position in shares of Full Truck Alliance in the first quarter valued at approximately $29,000. Brooklyn Investment Group raised its stake in Full Truck Alliance by 495.4% in the first quarter. Brooklyn Investment Group now owns 2,459 shares of the company's stock valued at $31,000 after purchasing an additional 2,046 shares in the last quarter. US Bancorp DE purchased a new stake in Full Truck Alliance in the first quarter valued at approximately $40,000. Summit Securities Group LLC raised its stake in Full Truck Alliance by 1,466.6% in the first quarter. Summit Securities Group LLC now owns 5,013 shares of the company's stock valued at $64,000 after purchasing an additional 4,693 shares in the last quarter. Finally, Wolverine Trading LLC purchased a new stake in Full Truck Alliance in the fourth quarter valued at approximately $115,000. Hedge funds and other institutional investors own 39.02% of the company's stock.

Full Truck Alliance Stock Performance

YMM traded down $0.18 on Friday, reaching $13.59. The company had a trading volume of 5,280,613 shares, compared to its average volume of 10,247,047. The company has a market cap of $14.21 billion, a price-to-earnings ratio of 24.27 and a beta of 0.21. Full Truck Alliance Co. Ltd. Sponsored ADR has a 52-week low of $7.44 and a 52-week high of $14.02. The business has a 50 day simple moving average of $12.31 and a 200 day simple moving average of $12.07.

Full Truck Alliance Cuts Dividend

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

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.