Liontrust Investment Partners LLP Reduces Stake in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Liontrust Investment Partners LLP cut its stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 98.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,000 shares of the company’s stock after selling 537,668 shares during the quarter. Liontrust Investment Partners LLP’s holdings in Full Truck Alliance were worth $66,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of YMM. Invesco Ltd. boosted its position in shares of Full Truck Alliance by 66.4% during the 3rd quarter. Invesco Ltd. now owns 54,223,349 shares of the company’s stock valued at $703,277,000 after acquiring an additional 21,628,993 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of Full Truck Alliance by 43.6% in the fourth quarter. Schroder Investment Management Group now owns 47,859,035 shares of the company’s stock valued at $513,527,000 after purchasing an additional 14,525,984 shares during the period. OLP CAPITAL MANAGEMENT Ltd increased its position in Full Truck Alliance by 198.7% during the fourth quarter. OLP CAPITAL MANAGEMENT Ltd now owns 15,007,851 shares of the company’s stock worth $161,034,000 after purchasing an additional 9,983,779 shares during the last quarter. Norges Bank acquired a new stake in Full Truck Alliance during the fourth quarter worth about $92,523,000. Finally, Wellington Management Group LLP purchased a new position in Full Truck Alliance during the fourth quarter worth about $87,896,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Trading Down 0.7%

Shares of YMM opened at $9.49 on Friday. The company’s 50-day moving average price is $8.62 and its 200 day moving average price is $8.91. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12-month low of $7.45 and a 12-month high of $14.07. The firm has a market cap of $9.90 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 0.84 and a beta of 0.31.

Full Truck Alliance Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Weiss Ratings lowered shares of Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 23rd. Nomura set a $11.00 price target on shares of Full Truck Alliance in a report on Monday, June 15th. JPMorgan Chase & Co. raised shares of Full Truck Alliance from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $8.60 to $10.00 in a research report on Monday, June 29th. Bank of America assumed coverage on Full Truck Alliance in a report on Tuesday, May 5th. They issued a “buy” rating and a $11.30 price objective on the stock. Finally, Citigroup reiterated a “buy” rating on shares of Full Truck Alliance in a research report on Monday, April 20th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.04.

Full Truck Alliance Profile

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.