Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 2.5% in the fourth quarter, HoldingsChannel reports. The firm owned 1,169,544 shares of the company’s stock after selling 30,301 shares during the quarter. California Public Employees Retirement System’s holdings in Full Truck Alliance were worth $8,199,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC boosted its holdings in Full Truck Alliance by 25.6% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 26,937 shares of the company’s stock valued at $190,000 after purchasing an additional 5,484 shares during the last quarter. abrdn plc raised its stake in shares of Full Truck Alliance by 11.1% during the 4th quarter. abrdn plc now owns 34,748 shares of the company’s stock valued at $244,000 after buying an additional 3,473 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Full Truck Alliance by 216.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,451 shares of the company’s stock valued at $403,000 after buying an additional 39,302 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Full Truck Alliance by 3.4% in the third quarter. Bank of New York Mellon Corp now owns 85,844 shares of the company’s stock worth $604,000 after buying an additional 2,786 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in Full Truck Alliance by 146.8% during the third quarter. Deutsche Bank AG now owns 109,398 shares of the company’s stock worth $770,000 after acquiring an additional 65,076 shares during the period. Institutional investors and hedge funds own 39.02% of the company’s stock.

Full Truck Alliance Trading Up 0.2 %

Shares of YMM stock opened at $8.87 on Friday. Full Truck Alliance Co. Ltd. has a twelve month low of $5.41 and a twelve month high of $9.01. The stock has a 50 day moving average of $7.44 and a 200 day moving average of $7.04.

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

Full Truck Alliance Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were issued a $0.144 dividend. The ex-dividend date was Thursday, April 4th. This represents a yield of 1.84%. Full Truck Alliance’s payout ratio is currently 43.33%.

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.