California Public Employees Retirement System Has $4.81 Million Stake in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

California Public Employees Retirement System reduced its stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 12.4% during the 1st quarter, HoldingsChannel reports. The fund owned 579,828 shares of the company’s stock after selling 81,986 shares during the quarter. California Public Employees Retirement System’s holdings in Full Truck Alliance were worth $4,813,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parnassus Investments LLC increased its holdings in Full Truck Alliance by 7.1% during the 4th quarter. Parnassus Investments LLC now owns 23,076 shares of the company’s stock worth $248,000 after purchasing an additional 1,529 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Full Truck Alliance by 150.0% in the fourth 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 in the last quarter. Capital International Sarl boosted its position in shares of Full Truck Alliance by 0.8% during the fourth quarter. Capital International Sarl now owns 266,548 shares of the company’s stock worth $2,860,000 after buying an additional 2,030 shares during the period. Wells Fargo & Company MN boosted its position in shares of Full Truck Alliance by 34.5% during the fourth quarter. Wells Fargo & Company MN now owns 9,258 shares of the company’s stock worth $99,000 after buying an additional 2,373 shares during the period. Finally, Hantz Financial Services Inc. grew its holdings in shares of Full Truck Alliance by 23.1% during the fourth quarter. Hantz Financial Services Inc. now owns 13,946 shares of the company’s stock worth $150,000 after buying an additional 2,613 shares in the last quarter. 39.02% of the stock is owned by institutional investors and hedge funds.

Full Truck Alliance Price Performance

Shares of NYSE:YMM opened at $9.22 on Monday. The company’s 50-day moving average price is $8.53 and its two-hundred day moving average price is $8.95. Full Truck Alliance Co. Ltd. Sponsored ADR has a one year low of $7.45 and a one year high of $14.07. The stock has a market capitalization of $9.62 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 0.81 and a beta of 0.31.

Full Truck Alliance Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th were given a $0.084 dividend. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a dividend yield of 201.0%. Full Truck Alliance’s payout ratio is currently 28.07%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on YMM shares. JPMorgan Chase & Co. raised Full Truck Alliance from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $8.60 to $10.00 in a research report on Monday, June 29th. Citigroup reaffirmed a “buy” rating on shares of Full Truck Alliance in a research report on Monday, April 20th. Nomura set a $11.00 price target on shares of Full Truck Alliance in a research note on Monday, June 15th. Bank of America started 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 target for the company. Finally, Weiss Ratings downgraded shares of Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.