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

Hsbc Holdings PLC trimmed its holdings in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 47.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,216,792 shares of the company’s stock after selling 1,120,715 shares during the quarter. Hsbc Holdings PLC owned 0.12% of Full Truck Alliance worth $13,120,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Parnassus Investments LLC increased its position in Full Truck Alliance by 7.1% during the 4th quarter. Parnassus Investments LLC now owns 23,076 shares of the company’s stock valued at $248,000 after purchasing an additional 1,529 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in Full Truck Alliance by 150.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company’s stock valued at $32,000 after acquiring an additional 1,762 shares during the last quarter. Capital International Sarl raised its position in shares of Full Truck Alliance by 0.8% in the 4th quarter. Capital International Sarl now owns 266,548 shares of the company’s stock worth $2,860,000 after acquiring an additional 2,030 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Full Truck Alliance by 34.5% in the 4th quarter. Wells Fargo & Company MN now owns 9,258 shares of the company’s stock valued at $99,000 after purchasing an additional 2,373 shares during the period. Finally, Hantz Financial Services Inc. boosted its position in shares of Full Truck Alliance by 23.1% during the 4th quarter. Hantz Financial Services Inc. now owns 13,946 shares of the company’s stock valued at $150,000 after purchasing an additional 2,613 shares in the last quarter. Institutional investors own 39.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on YMM shares. JPMorgan Chase & Co. upgraded shares of Full Truck Alliance from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $8.60 to $10.00 in a research report on Monday, June 29th. Citigroup reiterated a “buy” rating on shares of Full Truck Alliance in a report on Monday, April 20th. Daiwa Securities Group cut shares of Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a research report on Friday, March 13th. Nomura set a $11.00 target price on Full Truck Alliance in a research note on Monday, June 15th. Finally, Weiss Ratings downgraded Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Full Truck Alliance has an average rating of “Moderate Buy” and a consensus price target of $11.04.

Full Truck Alliance Price Performance

Shares of Full Truck Alliance stock opened at $8.37 on Wednesday. The firm has a market cap of $8.72 billion, a PE ratio of 14.68, a P/E/G ratio of 0.76 and a beta of 0.31. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1 year low of $7.45 and a 1 year high of $14.07. The stock has a fifty day moving average price of $8.49 and a 200-day moving average price of $9.14.

Full Truck Alliance Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th will be issued a dividend of $0.084 per share. This represents a yield of 201.0%. The ex-dividend date of this dividend is Tuesday, July 7th. Full Truck Alliance’s payout ratio is presently 24.56%.

Full Truck Alliance Company 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.