Harvest Fund Management Co. Ltd Has $4.41 Million Stock Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Harvest Fund Management Co. Ltd decreased its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 15.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 629,396 shares of the company’s stock after selling 116,640 shares during the quarter. Full Truck Alliance makes up 0.7% of Harvest Fund Management Co. Ltd’s holdings, making the stock its 27th biggest position. Harvest Fund Management Co. Ltd’s holdings in Full Truck Alliance were worth $4,406,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Full Truck Alliance by 25.6% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 26,937 shares of the company’s stock worth $190,000 after buying an additional 5,484 shares in the last quarter. abrdn plc lifted its holdings in shares of Full Truck Alliance by 11.1% during the fourth quarter. abrdn plc now owns 34,748 shares of the company’s stock worth $244,000 after buying an additional 3,473 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Full Truck Alliance by 216.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,451 shares of the company’s stock worth $403,000 after buying an additional 39,302 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Full Truck Alliance by 3.4% during the third 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 in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Full Truck Alliance by 146.8% during the third quarter. Deutsche Bank AG now owns 109,398 shares of the company’s stock worth $770,000 after buying an additional 65,076 shares in the last quarter. Institutional investors and hedge funds own 39.02% of the company’s stock.

Full Truck Alliance Stock Up 3.2 %

Shares of YMM traded up $0.26 during midday trading on Tuesday, reaching $8.18. 15,406,432 shares of the stock were exchanged, compared to its average volume of 7,377,657. Full Truck Alliance Co. Ltd. has a twelve month low of $5.41 and a twelve month high of $8.30. The stock’s 50 day simple moving average is $7.13 and its 200 day simple moving average is $6.96.

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

Full Truck Alliance Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were paid a $0.144 dividend. This represents a dividend yield of 1.84%. The ex-dividend date of this dividend was Thursday, April 4th. Full Truck Alliance’s dividend payout ratio is currently 43.33%.

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 listing, matching, 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.