Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 25.8% during the second quarter, HoldingsChannel reports. The fund owned 2,418,946 shares of the company’s stock after selling 839,279 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Full Truck Alliance were worth $28,568,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its position in Full Truck Alliance by 6.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,146 shares of the company’s stock valued at $311,000 after purchasing an additional 1,406 shares during the period. Harvest Fund Management Co. Ltd raised its position in Full Truck Alliance by 66.1% in the first quarter. Harvest Fund Management Co. Ltd now owns 627,958 shares of the company’s stock valued at $8,019,000 after purchasing an additional 249,788 shares during the period. QRG Capital Management Inc. purchased a new stake in Full Truck Alliance in the first quarter valued at approximately $315,000. KADENSA CAPITAL Ltd raised its position in Full Truck Alliance by 185.0% in the first quarter. KADENSA CAPITAL Ltd now owns 1,288,269 shares of the company’s stock valued at $16,451,000 after purchasing an additional 836,189 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in Full Truck Alliance in the first quarter valued at approximately $2,691,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Trading Down 0.4%

Full Truck Alliance stock opened at $13.34 on Friday. Full Truck Alliance Co. Ltd. Sponsored ADR has a twelve month low of $8.20 and a twelve month high of $14.02. The stock’s fifty day simple moving average is $12.49 and its 200-day simple moving average is $12.08. The firm has a market capitalization of $13.95 billion, a P/E ratio of 23.81 and a beta of 0.20.

Full Truck Alliance Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, October 10th will be given a dividend of $0.096 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a dividend yield of 60.0%. Full Truck Alliance’s dividend payout ratio is currently 28.57%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Full Truck Alliance in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.00.

About Full Truck Alliance

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.