Sylebra Capital LLC reduced its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 36.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,143,748 shares of the company's stock after selling 2,365,467 shares during the quarter. Full Truck Alliance comprises 2.7% of Sylebra Capital LLC's investment portfolio, making the stock its 9th biggest holding. Sylebra Capital LLC owned 0.40% of Full Truck Alliance worth $52,916,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of YMM. Atlas Capital Advisors Inc. acquired a new stake in shares of Full Truck Alliance in the 1st quarter valued at approximately $29,000. Brooklyn Investment Group raised its holdings in shares of Full Truck Alliance by 495.4% in the first quarter. Brooklyn Investment Group now owns 2,459 shares of the company's stock worth $31,000 after acquiring an additional 2,046 shares during the last quarter. US Bancorp DE acquired a new position in Full Truck Alliance in the first quarter valued at $40,000. Summit Securities Group LLC increased 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 during the last quarter. Finally, Wolverine Trading LLC acquired a new position in Full Truck Alliance in the fourth quarter valued at $115,000. 39.02% of the stock is owned by institutional investors and hedge funds.
Full Truck Alliance Stock Performance
Shares of Full Truck Alliance stock traded down $0.24 on Friday, reaching $13.56. 2,237,999 shares of the company were exchanged, compared to its average volume of 9,146,966. The company's 50-day moving average is $12.16 and its two-hundred day moving average is $11.98. The firm has a market cap of $14.18 billion, a price-to-earnings ratio of 24.21 and a beta of 0.21. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $7.09 and a 1-year high of $13.85.
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 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 dividend payout ratio is presently 28.57%.
Analyst Upgrades and Downgrades
Separately, Citigroup lowered their price target on Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $15.00.
Read Our Latest Report 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.
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