Mirae Asset Global Investments Co. Ltd. Purchases 39,302 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Mirae Asset Global Investments Co. Ltd. increased its position in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 216.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,451 shares of the company’s stock after purchasing an additional 39,302 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Full Truck Alliance were worth $403,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Full Truck Alliance by 1.6% during the third quarter. Vanguard Group Inc. now owns 25,364,237 shares of the company’s stock valued at $178,564,000 after acquiring an additional 393,991 shares during the period. Invesco Ltd. lifted its holdings in shares of Full Truck Alliance by 32.9% during the third quarter. Invesco Ltd. now owns 24,453,173 shares of the company’s stock valued at $172,150,000 after acquiring an additional 6,057,001 shares during the period. Alkeon Capital Management LLC lifted its holdings in shares of Full Truck Alliance by 2.3% during the third quarter. Alkeon Capital Management LLC now owns 22,086,290 shares of the company’s stock valued at $155,487,000 after acquiring an additional 500,000 shares during the period. SCEP Management Ltd lifted its holdings in shares of Full Truck Alliance by 15.5% during the third quarter. SCEP Management Ltd now owns 10,000,000 shares of the company’s stock valued at $70,400,000 after acquiring an additional 1,340,916 shares during the period. Finally, Matthews International Capital Management LLC lifted its holdings in shares of Full Truck Alliance by 40.5% during the third quarter. Matthews International Capital Management LLC now owns 9,119,529 shares of the company’s stock valued at $64,201,000 after acquiring an additional 2,629,125 shares during the period. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Stock Performance

Shares of NYSE YMM opened at $8.79 on Friday. The stock has a market cap of $9.72 billion, a PE ratio of 29.30 and a beta of 0.35. The business has a fifty day moving average of $7.25 and a two-hundred day moving average of $7.00. Full Truck Alliance Co. Ltd. has a 52-week low of $5.41 and a 52-week high of $8.85.

Full Truck Alliance (NYSE:YMM) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. Full Truck Alliance had a return on equity of 6.69% and a net margin of 26.19%. The business had revenue of $339.15 million during the quarter, compared to analysts’ expectations of $322.13 million. Analysts predict that Full Truck Alliance Co. Ltd. will post 0.39 earnings per share for the current year.

Full Truck Alliance Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were issued a $0.144 dividend. The ex-dividend date was Thursday, April 4th. This represents a dividend yield of 1.84%. Full Truck Alliance’s dividend payout ratio is 40.00%.

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.