Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Shares Sold by ANTIPODES PARTNERS Ltd

ANTIPODES PARTNERS Ltd decreased its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 46.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 68,035 shares of the company’s stock after selling 58,799 shares during the period. ANTIPODES PARTNERS Ltd’s holdings in Full Truck Alliance were worth $804,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of YMM. Mirae Asset Global Investments Co. Ltd. raised its holdings in Full Truck Alliance by 6.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,146 shares of the company’s stock valued at $311,000 after acquiring an additional 1,406 shares during the last quarter. Calamos Advisors LLC acquired a new stake in shares of Full Truck Alliance during the 1st quarter worth approximately $840,000. Bank of New York Mellon Corp increased its holdings in shares of Full Truck Alliance by 1.9% during the 1st quarter. Bank of New York Mellon Corp now owns 85,106 shares of the company’s stock worth $1,087,000 after buying an additional 1,577 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Full Truck Alliance by 62.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 80,491 shares of the company’s stock worth $1,028,000 after buying an additional 30,845 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. increased its holdings in shares of Full Truck Alliance by 3.8% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 366,500 shares of the company’s stock worth $4,680,000 after buying an additional 13,500 shares during the last quarter. Institutional investors and hedge funds own 39.02% of the company’s stock.

Full Truck Alliance Stock Performance

NYSE:YMM opened at $12.99 on Friday. The stock has a market capitalization of $13.58 billion, a P/E ratio of 23.19 and a beta of 0.20. The company has a 50 day moving average price of $13.06 and a 200 day moving average price of $12.22. Full Truck Alliance Co. Ltd. Sponsored ADR has a fifty-two week low of $8.20 and a fifty-two week high of $14.07.

Full Truck Alliance Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Monday, October 27th. Shareholders of record on Friday, October 10th were given a $0.096 dividend. This represents a yield of 163.0%. The ex-dividend date of this dividend was Friday, October 10th. Full Truck Alliance’s dividend payout ratio (DPR) is currently 28.57%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Full Truck Alliance in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Full Truck Alliance presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

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.