Janus Henderson Group PLC Sells 828,738 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Janus Henderson Group PLC lessened its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 37.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,392,466 shares of the company’s stock after selling 828,738 shares during the quarter. Janus Henderson Group PLC’s holdings in Full Truck Alliance were worth $11,545,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in YMM. Parallel Advisors LLC bought a new stake in Full Truck Alliance in the 1st quarter valued at about $25,000. Caitong International Asset Management Co. Ltd raised its stake in Full Truck Alliance by 150.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company’s stock worth $32,000 after buying an additional 1,762 shares during the period. Rockefeller Capital Management L.P. bought a new position in Full Truck Alliance in the fourth quarter worth approximately $39,000. Banque de Luxembourg S.A. bought a new position in Full Truck Alliance in the fourth quarter worth approximately $44,000. Finally, EverSource Wealth Advisors LLC grew its stake in Full Truck Alliance by 274.9% in the second quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock valued at $46,000 after acquiring an additional 2,845 shares during the period. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Full Truck Alliance Stock Down 0.8%

Shares of NYSE:YMM opened at $9.64 on Wednesday. The business’s 50 day moving average is $8.67 and its 200 day moving average is $8.90. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12-month low of $7.45 and a 12-month high of $14.07. The stock has a market cap of $10.06 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 0.85 and a beta of 0.35.

Full Truck Alliance Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th were paid a dividend of $0.084 per share. The ex-dividend date was Tuesday, July 7th. This represents a yield of 201.0%. Full Truck Alliance’s dividend payout ratio (DPR) is 28.07%.

Analyst Upgrades and Downgrades

YMM has been the subject of several recent research reports. Bank of America began coverage on Full Truck Alliance in a report on Tuesday, May 5th. They set a “buy” rating and a $11.30 price objective for the company. JPMorgan Chase & Co. upgraded Full Truck Alliance from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $8.60 to $10.00 in a report on Monday, June 29th. Weiss Ratings downgraded shares of Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. Citigroup restated a “buy” rating on shares of Full Truck Alliance in a research note on Monday, April 20th. Finally, Nomura set a $11.00 price objective on shares of Full Truck Alliance in a report on Monday, June 15th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Full Truck Alliance currently has a consensus rating of “Moderate Buy” and an average price target of $11.04.

About Full Truck Alliance

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.