Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Shares Sold by Brilliance Asset Management Ltd.

Brilliance Asset Management Ltd. cut its holdings in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 5.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,847,336 shares of the company’s stock after selling 170,119 shares during the quarter. Full Truck Alliance accounts for 21.9% of Brilliance Asset Management Ltd.’s investment portfolio, making the stock its 2nd largest position. Brilliance Asset Management Ltd. owned approximately 0.27% of Full Truck Alliance worth $33,627,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in shares of Full Truck Alliance by 1.9% during the first quarter. Bank of New York Mellon Corp now owns 85,106 shares of the company’s stock worth $1,087,000 after acquiring an additional 1,577 shares during the period. Brooklyn Investment Group increased its stake 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 buying an additional 2,046 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Full Truck Alliance by 9.0% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,314 shares of the company’s stock valued at $311,000 after acquiring an additional 2,168 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new position in Full Truck Alliance in the first quarter worth approximately $29,000. Finally, US Bancorp DE acquired a new position in Full Truck Alliance during the 1st quarter worth approximately $40,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Analysts Set New Price Targets

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

Full Truck Alliance Trading Down 2.0%

Shares of Full Truck Alliance stock opened at $12.32 on Monday. The company has a fifty day simple moving average of $12.98 and a 200-day simple moving average of $12.35. The stock has a market cap of $12.88 billion, a price-to-earnings ratio of 21.99 and a beta of 0.20. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12-month low of $8.22 and a 12-month high of $14.07.

Full Truck Alliance Cuts Dividend

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

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.