Westpac Banking Corp Has $2.79 Million Position in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Westpac Banking Corp lessened its stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 57.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 236,185 shares of the company’s stock after selling 323,871 shares during the quarter. Westpac Banking Corp’s holdings in Full Truck Alliance were worth $2,789,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Atlas Capital Advisors Inc. purchased a new position in shares of Full Truck Alliance during the 1st quarter valued at $29,000. Brooklyn Investment Group boosted its position in Full Truck Alliance by 495.4% during the first quarter. Brooklyn Investment Group now owns 2,459 shares of the company’s stock valued at $31,000 after purchasing an additional 2,046 shares during the last quarter. US Bancorp DE acquired a new stake in shares of Full Truck Alliance during the 1st quarter valued at about $40,000. Hantz Financial Services Inc. grew its stake in shares of Full Truck Alliance by 642.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 3,784 shares of the company’s stock valued at $45,000 after buying an additional 3,274 shares in the last quarter. Finally, Summit Securities Group LLC increased its holdings in Full Truck Alliance by 1,466.6% in the first quarter. Summit Securities Group LLC now owns 5,013 shares of the company’s stock worth $64,000 after buying an additional 4,693 shares during the last quarter. Institutional investors and hedge funds own 39.02% of the company’s stock.

Full Truck Alliance Stock Performance

Shares of YMM stock opened at $12.32 on Friday. The stock’s 50 day simple moving average is $12.98 and its 200 day simple moving average is $12.34. Full Truck Alliance Co. Ltd. Sponsored ADR has a twelve month low of $8.22 and a twelve month high of $14.07. The company has a market capitalization of $12.88 billion, a price-to-earnings ratio of 21.99 and a beta of 0.20.

Full Truck Alliance Cuts Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, October 27th. Stockholders of record on Friday, October 10th were paid a $0.096 dividend. This represents a dividend yield of 163.0%. The ex-dividend date was Friday, October 10th. Full Truck Alliance’s payout ratio is presently 28.57%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Full Truck Alliance in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.00.

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 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.