California Public Employees Retirement System Has $4.81 Million Stock Position in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

California Public Employees Retirement System cut its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 12.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 579,828 shares of the company’s stock after selling 81,986 shares during the period. California Public Employees Retirement System owned approximately 0.06% of Full Truck Alliance worth $4,813,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in YMM. Hsbc Holdings PLC lifted its stake in Full Truck Alliance by 62.4% in the first quarter. Hsbc Holdings PLC now owns 1,975,692 shares of the company’s stock valued at $16,301,000 after buying an additional 758,900 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Full Truck Alliance during the 1st quarter worth about $2,881,000. Union Bancaire Privee UBP SA grew its position in shares of Full Truck Alliance by 50.8% during the 1st quarter. Union Bancaire Privee UBP SA now owns 296,646 shares of the company’s stock worth $2,462,000 after buying an additional 99,960 shares during the period. Rockefeller Capital Management L.P. bought a new stake in shares of Full Truck Alliance in the 4th quarter valued at about $39,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Full Truck Alliance by 480.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,826 shares of the company’s stock valued at $73,000 after acquiring an additional 5,651 shares during the last quarter. Institutional investors own 39.02% of the company’s stock.

Analyst Upgrades and Downgrades

YMM has been the topic of several recent analyst reports. Citigroup reissued a “buy” rating on shares of Full Truck Alliance in a research note on Monday, April 20th. Bank of America initiated coverage on shares of Full Truck Alliance in a research note on Tuesday, May 5th. They issued a “buy” rating and a $11.30 target price for the company. JPMorgan Chase & Co. upgraded shares of Full Truck Alliance from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $8.60 to $10.00 in a report on Monday, June 29th. Nomura set a $11.00 price target on shares of Full Truck Alliance in a research report on Monday, June 15th. Finally, Weiss Ratings cut shares of Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.04.

Full Truck Alliance Price Performance

NYSE YMM opened at $9.22 on Monday. The firm has a market cap of $9.62 billion, a P/E ratio of 16.18, a P/E/G ratio of 0.81 and a beta of 0.31. The stock’s 50-day moving average is $8.53 and its 200-day moving average is $8.95. Full Truck Alliance Co. Ltd. Sponsored ADR has a one year low of $7.45 and a one year high of $14.07.

Full Truck Alliance Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th were issued a dividend of $0.084 per share. This represents a yield of 201.0%. The ex-dividend date was Tuesday, July 7th. Full Truck Alliance’s dividend payout ratio (DPR) is 28.07%.

About Full Truck Alliance

Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.

The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.