Hsbc Holdings PLC Sells 14,528 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Hsbc Holdings PLC trimmed its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMMFree Report) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,045,267 shares of the company’s stock after selling 14,528 shares during the quarter. Hsbc Holdings PLC’s holdings in Full Truck Alliance were worth $14,307,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of YMM. Bank of New York Mellon Corp increased its position in shares of Full Truck Alliance by 3.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 85,844 shares of the company’s stock valued at $604,000 after purchasing an additional 2,786 shares during the last quarter. Barclays PLC grew its position in Full Truck Alliance by 160.0% during the third quarter. Barclays PLC now owns 259,952 shares of the company’s stock valued at $1,830,000 after buying an additional 159,952 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in Full Truck Alliance by 25.6% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 26,937 shares of the company’s stock worth $190,000 after buying an additional 5,484 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in Full Truck Alliance in the third quarter worth about $6,656,000. Finally, Deutsche Bank AG boosted its stake in Full Truck Alliance by 146.8% in the third quarter. Deutsche Bank AG now owns 109,398 shares of the company’s stock valued at $770,000 after acquiring an additional 65,076 shares during the last quarter. 39.02% of the stock is currently owned by institutional investors.

Full Truck Alliance Trading Down 1.9 %

Shares of NYSE:YMM opened at $8.84 on Friday. The company has a 50-day moving average price of $8.30 and a two-hundred day moving average price of $7.34. Full Truck Alliance Co. Ltd. has a twelve month low of $5.62 and a twelve month high of $9.68.

Full Truck Alliance (NYSE:YMMGet Free Report) last announced its quarterly earnings results on Thursday, March 7th. The company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. Full Truck Alliance had a net margin of 26.48% and a return on equity of 7.23%. The company had revenue of $339.15 million for the quarter, compared to analysts’ expectations of $322.13 million. As a group, sell-side analysts anticipate that Full Truck Alliance Co. Ltd. will post 0.41 EPS for the current fiscal year.

Full Truck Alliance Dividend Announcement

The business also recently declared an annual dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were issued a $0.144 dividend. This represents a dividend yield of 1.84%. The ex-dividend date was Thursday, April 4th. Full Truck Alliance’s payout ratio is currently 40.63%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on YMM shares. Daiwa America upgraded shares of Full Truck Alliance to a “strong-buy” rating in a research note on Friday, May 10th. Barclays increased their price objective on Full Truck Alliance from $6.00 to $9.00 and gave the company an “equal weight” rating in a report on Friday, May 24th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $9.33.

View Our Latest Stock Report on Full Truck Alliance

Full Truck Alliance Profile

(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.

See Also

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Institutional Ownership by Quarter for Full Truck Alliance (NYSE:YMM)

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