Matthews International Capital Management LLC Reduces Stake in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Matthews International Capital Management LLC reduced its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 80.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 257,827 shares of the company’s stock after selling 1,038,362 shares during the quarter. Matthews International Capital Management LLC’s holdings in Full Truck Alliance were worth $2,140,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its stake in shares of Full Truck Alliance by 150.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company’s stock valued at $32,000 after purchasing an additional 1,762 shares during the last quarter. Rockefeller Capital Management L.P. bought a new position in shares of Full Truck Alliance during the 4th quarter valued at approximately $39,000. Banque de Luxembourg S.A. purchased a new stake in Full Truck Alliance during the 4th quarter valued at $44,000. CoreCap Advisors LLC raised its holdings in Full Truck Alliance by 2,000.0% during the 4th quarter. CoreCap Advisors LLC now owns 4,200 shares of the company’s stock valued at $45,000 after buying an additional 4,000 shares during the period. Finally, 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 worth $46,000 after buying an additional 2,845 shares during the last quarter. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Full Truck Alliance Stock Down 0.1%

YMM opened at $8.56 on Monday. The business has a fifty day moving average of $8.49 and a 200 day moving average of $9.09. The stock has a market cap of $8.93 billion, a P/E ratio of 15.03, a PEG ratio of 0.75 and a beta of 0.31. Full Truck Alliance Co. Ltd. Sponsored ADR has a 52-week low of $7.45 and a 52-week high of $14.07.

Full Truck Alliance Announces Dividend

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

Analyst Ratings Changes

Several research analysts have commented on the stock. Bank of America assumed coverage on shares of Full Truck Alliance in a research note on Tuesday, May 5th. They set a “buy” rating and a $11.30 price objective for the company. JPMorgan Chase & Co. raised shares of Full Truck Alliance from a “neutral” rating to an “overweight” rating and increased their target price for the company from $8.60 to $10.00 in a research note on Monday, June 29th. Weiss Ratings upgraded shares of Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Citigroup reaffirmed a “buy” rating on shares of Full Truck Alliance in a research note on Monday, April 20th. Finally, Nomura set a $11.00 price target on shares of Full Truck Alliance in a report on Monday, June 15th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $11.04.

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.