Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Shares Sold by Perpetual Ltd

Perpetual Ltd cut its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 37.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,229,000 shares of the company’s stock after selling 732,428 shares during the quarter. Perpetual Ltd owned approximately 0.12% of Full Truck Alliance worth $14,514,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Invesco Ltd. grew its position in shares of Full Truck Alliance by 3.1% during the first quarter. Invesco Ltd. now owns 30,965,571 shares of the company’s stock worth $395,430,000 after buying an additional 917,263 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Full Truck Alliance by 1.5% during the first quarter. Vanguard Group Inc. now owns 29,373,877 shares of the company’s stock worth $375,104,000 after buying an additional 430,834 shares in the last quarter. Krane Funds Advisors LLC grew its position in shares of Full Truck Alliance by 23.2% during the first quarter. Krane Funds Advisors LLC now owns 26,207,165 shares of the company’s stock worth $334,665,000 after buying an additional 4,931,028 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Full Truck Alliance by 9.5% during the first quarter. Goldman Sachs Group Inc. now owns 10,761,409 shares of the company’s stock worth $137,423,000 after buying an additional 935,344 shares in the last quarter. Finally, Sylebra Capital LLC grew its position in shares of Full Truck Alliance by 64.3% during the fourth quarter. Sylebra Capital LLC now owns 10,693,280 shares of the company’s stock worth $115,701,000 after buying an additional 4,184,065 shares in the last quarter. 39.02% of the stock is owned by institutional investors and hedge funds.

Full Truck Alliance Stock Performance

Shares of Full Truck Alliance stock opened at $13.59 on Friday. Full Truck Alliance Co. Ltd. Sponsored ADR has a one year low of $7.44 and a one year high of $14.02. The company has a market cap of $14.21 billion, a PE ratio of 24.27 and a beta of 0.21. The business has a 50-day simple moving average of $12.31 and a 200-day simple moving average of $12.07.

Full Truck Alliance Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Monday, October 27th. Investors of record on Monday, October 13th will be issued a $0.096 dividend. This represents a yield of 60.0%. The ex-dividend date of this dividend is Friday, October 10th. 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.