Harvest Fund Management Co. Ltd Lowers Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Harvest Fund Management Co. Ltd lowered its holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 15.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 629,396 shares of the company’s stock after selling 116,640 shares during the quarter. Full Truck Alliance accounts for approximately 0.7% of Harvest Fund Management Co. Ltd’s investment portfolio, making the stock its 27th largest holding. Harvest Fund Management Co. Ltd’s holdings in Full Truck Alliance were worth $4,406,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in shares of Full Truck Alliance by 3.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 85,844 shares of the company’s stock valued at $604,000 after purchasing an additional 2,786 shares during the last quarter. abrdn plc increased its position in shares of Full Truck Alliance by 11.1% during the 4th quarter. abrdn plc now owns 34,748 shares of the company’s stock valued at $244,000 after purchasing an additional 3,473 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Full Truck Alliance by 25.6% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 26,937 shares of the company’s stock valued at $190,000 after purchasing an additional 5,484 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Full Truck Alliance by 2.9% during the 3rd quarter. California Public Employees Retirement System now owns 1,199,845 shares of the company’s stock valued at $8,447,000 after purchasing an additional 33,639 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Full Truck Alliance by 216.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,451 shares of the company’s stock valued at $403,000 after purchasing an additional 39,302 shares during the last quarter. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Price Performance

Shares of Full Truck Alliance stock traded up $0.26 during trading on Tuesday, hitting $8.18. 15,406,432 shares of the stock traded hands, compared to its average volume of 7,377,657. The firm’s fifty day moving average is $7.13 and its 200-day moving average is $6.96. Full Truck Alliance Co. Ltd. has a 52 week low of $5.41 and a 52 week high of $8.30.

Full Truck Alliance (NYSE:YMM) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. The firm had revenue of $339.15 million for the quarter, compared to analyst estimates of $322.13 million. Full Truck Alliance had a return on equity of 6.69% and a net margin of 26.19%. Sell-side analysts forecast that Full Truck Alliance Co. Ltd. will post 0.39 EPS for the current fiscal year.

Full Truck Alliance Announces Dividend

The business also recently declared an annual dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were given a dividend of $0.144 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a yield of 1.84%. Full Truck Alliance’s payout ratio is 43.33%.

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 listing, matching, 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.