E Fund Management Co. Ltd. Sells 14,282 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

E Fund Management Co. Ltd. reduced its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 0.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,448,282 shares of the company’s stock after selling 14,282 shares during the quarter. Full Truck Alliance makes up approximately 2.4% of E Fund Management Co. Ltd.’s holdings, making the stock its 10th biggest position. E Fund Management Co. Ltd.’s holdings in Full Truck Alliance were worth $38,192,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC increased its holdings 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 worth $190,000 after acquiring an additional 5,484 shares during the last quarter. abrdn plc increased its holdings in shares of Full Truck Alliance by 11.1% in the fourth 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. Mirae Asset Global Investments Co. Ltd. raised its position in shares of 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 valued at $403,000 after purchasing an additional 39,302 shares during the period. Bank of New York Mellon Corp lifted its stake 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 worth $604,000 after buying an additional 2,786 shares during the last quarter. Finally, 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 worth $770,000 after buying an additional 65,076 shares during the period. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Full Truck Alliance Stock Up 0.2 %

Full Truck Alliance stock traded up $0.02 during trading hours on Thursday, hitting $8.57. The company had a trading volume of 5,048,130 shares, compared to its average volume of 7,595,005. Full Truck Alliance Co. Ltd. has a one year low of $5.41 and a one year high of $9.01. The firm has a 50-day moving average of $7.61 and a 200 day moving average of $7.09.

Full Truck Alliance (NYSE:YMM) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. Full Truck Alliance had a return on equity of 6.69% and a net margin of 26.19%. The business had revenue of $339.15 million during the quarter, compared to analysts’ expectations of $322.13 million. As a group, analysts expect that Full Truck Alliance Co. Ltd. will post 0.39 EPS for the current year.

Full Truck Alliance Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were issued a $0.144 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a yield of 1.84%. Full Truck Alliance’s dividend 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.