abrdn plc Boosts Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

abrdn plc lifted its stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 11.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,748 shares of the company’s stock after buying an additional 3,473 shares during the quarter. abrdn plc’s holdings in Full Truck Alliance were worth $244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of YMM. Vanguard Personalized Indexing Management LLC raised its position in shares of Full Truck Alliance by 25.6% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 26,937 shares of the company’s stock worth $190,000 after acquiring an additional 5,484 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Full Truck Alliance by 216.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,451 shares of the company’s stock worth $403,000 after purchasing an additional 39,302 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Full Truck Alliance by 3.4% during the third quarter. Bank of New York Mellon Corp now owns 85,844 shares of the company’s stock valued at $604,000 after buying an additional 2,786 shares during the period. Deutsche Bank AG boosted its holdings in shares of Full Truck Alliance by 146.8% during the 3rd quarter. Deutsche Bank AG now owns 109,398 shares of the company’s stock valued at $770,000 after buying an additional 65,076 shares in the last quarter. Finally, Quaero Capital S.A. purchased a new stake in shares of Full Truck Alliance in the 4th quarter worth about $1,107,000. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Full Truck Alliance Price Performance

Shares of NYSE YMM opened at $8.61 on Wednesday. Full Truck Alliance Co. Ltd. has a 1 year low of $5.41 and a 1 year high of $9.01. The firm has a 50-day moving average of $7.35 and a 200 day moving average of $7.02.

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

Full Truck Alliance Dividend Announcement

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

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.