ABN Amro Investment Solutions Invests $1.96 Million in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

ABN Amro Investment Solutions purchased a new stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 166,124 shares of the company’s stock, valued at approximately $1,962,000.

Other large investors have also recently added to or reduced their stakes in the company. Atlas Capital Advisors Inc. acquired a new position in Full Truck Alliance during the 1st quarter worth $29,000. Brooklyn Investment Group lifted its position in shares of Full Truck Alliance by 495.4% during the first quarter. Brooklyn Investment Group now owns 2,459 shares of the company’s stock worth $31,000 after purchasing an additional 2,046 shares during the last quarter. US Bancorp DE acquired a new position in Full Truck Alliance in the first quarter worth about $40,000. Hantz Financial Services Inc. increased its holdings in Full Truck Alliance by 642.0% in the second quarter. Hantz Financial Services Inc. now owns 3,784 shares of the company’s stock valued at $45,000 after buying an additional 3,274 shares during the last quarter. Finally, Summit Securities Group LLC increased its holdings in Full Truck Alliance by 1,466.6% in the first quarter. Summit Securities Group LLC now owns 5,013 shares of the company’s stock valued at $64,000 after buying an additional 4,693 shares during the last quarter. 39.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Full Truck Alliance Stock Performance

NYSE YMM opened at $12.32 on Friday. Full Truck Alliance Co. Ltd. Sponsored ADR has a one year low of $8.22 and a one year high of $14.07. The company has a 50-day simple moving average of $12.98 and a 200-day simple moving average of $12.34. The firm has a market capitalization of $12.88 billion, a PE ratio of 21.99 and a beta of 0.20.

Full Truck Alliance Cuts Dividend

The business also recently announced an annual dividend, which was paid on Monday, October 27th. Stockholders of record on Friday, October 10th were issued a dividend of $0.096 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a dividend yield of 163.0%. Full Truck Alliance’s dividend payout ratio is 28.57%.

Full Truck Alliance 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.