Hsbc Holdings PLC Sells 1,120,715 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Hsbc Holdings PLC lowered its position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 47.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,216,792 shares of the company’s stock after selling 1,120,715 shares during the period. Hsbc Holdings PLC’s holdings in Full Truck Alliance were worth $13,120,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Royal Bank of Canada boosted its stake in shares of Full Truck Alliance by 172.4% in the 1st quarter. Royal Bank of Canada now owns 34,765 shares of the company’s stock valued at $444,000 after purchasing an additional 22,001 shares in the last quarter. Geode Capital Management LLC increased its stake in Full Truck Alliance by 11.6% in the 2nd quarter. Geode Capital Management LLC now owns 159,770 shares of the company’s stock worth $1,887,000 after purchasing an additional 16,591 shares during the period. EverSource Wealth Advisors LLC lifted its position in Full Truck Alliance by 274.9% in the second quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock valued at $46,000 after purchasing an additional 2,845 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Full Truck Alliance by 7.9% during the second quarter. California Public Employees Retirement System now owns 1,134,627 shares of the company’s stock valued at $13,400,000 after purchasing an additional 83,434 shares during the period. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Full Truck Alliance during the second quarter valued at approximately $118,000. 39.02% of the stock is currently owned by institutional investors.

Full Truck Alliance Trading Down 3.5%

NYSE YMM opened at $8.37 on Wednesday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12 month low of $7.45 and a 12 month high of $14.07. The stock’s fifty day moving average price is $8.49 and its 200-day moving average price is $9.14. The stock has a market cap of $8.72 billion, a P/E ratio of 14.68, a P/E/G ratio of 0.76 and a beta of 0.31.

Full Truck Alliance Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th will be issued a $0.084 dividend. This represents a yield of 201.0%. The ex-dividend date is Tuesday, July 7th. Full Truck Alliance’s dividend payout ratio (DPR) is presently 24.56%.

Analyst Ratings Changes

A number of research firms have issued reports on YMM. Citigroup restated a “buy” rating on shares of Full Truck Alliance in a research report on Monday, April 20th. 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. Daiwa Securities Group downgraded Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price target on the stock. in a report on Friday, March 13th. Bank of America initiated coverage on Full Truck Alliance in a research report on Tuesday, May 5th. They set a “buy” rating and a $11.30 price target for the company. Finally, Nomura set a $11.00 price objective on Full Truck Alliance in a report on Monday, June 15th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.