SG Americas Securities LLC Sells 55,216 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

SG Americas Securities LLC lowered its position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 2.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,408,596 shares of the company’s stock after selling 55,216 shares during the period. SG Americas Securities LLC owned approximately 0.23% of Full Truck Alliance worth $28,446,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Davis Selected Advisers boosted its stake in Full Truck Alliance by 48.8% during the 2nd quarter. Davis Selected Advisers now owns 11,635,925 shares of the company’s stock valued at $137,420,000 after purchasing an additional 3,816,581 shares during the last quarter. ABN Amro Investment Solutions bought a new position in shares of Full Truck Alliance during the second quarter valued at $1,962,000. Geode Capital Management LLC boosted its position in shares of Full Truck Alliance by 11.6% during the second quarter. Geode Capital Management LLC now owns 159,770 shares of the company’s stock valued at $1,887,000 after buying an additional 16,591 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Full Truck Alliance by 161.0% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,036,780 shares of the company’s stock worth $71,294,000 after buying an additional 3,723,722 shares in the last quarter. Finally, Greenwoods Asset Management Hong Kong Ltd. raised its position in Full Truck Alliance by 10.8% in the 2nd quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 28,794,527 shares of the company’s stock worth $340,063,000 after buying an additional 2,799,386 shares during the last quarter. 39.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Full Truck Alliance in a report on Wednesday, October 8th. One equities research 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Full Truck Alliance Stock Performance

YMM stock opened at $12.32 on Friday. The company has a market cap of $12.88 billion, a price-to-earnings ratio of 21.99 and a beta of 0.20. The business’s 50-day moving average is $12.98 and its two-hundred day moving average is $12.34. Full Truck Alliance Co. Ltd. Sponsored ADR has a fifty-two week low of $8.22 and a fifty-two week high of $14.07.

Full Truck Alliance Cuts Dividend

The firm also recently disclosed an annual dividend, which was paid on Monday, October 27th. Investors of record on Friday, October 10th were issued a $0.096 dividend. 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 (DPR) is presently 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.