California Public Employees Retirement System Sells 30,301 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

California Public Employees Retirement System lessened its stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,169,544 shares of the company’s stock after selling 30,301 shares during the period. California Public Employees Retirement System’s holdings in Full Truck Alliance were worth $8,199,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC raised its position in shares of Full Truck Alliance by 25.6% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 26,937 shares of the company’s stock worth $190,000 after purchasing an additional 5,484 shares during the last quarter. abrdn plc increased its stake in Full Truck Alliance by 11.1% during the 4th quarter. abrdn plc now owns 34,748 shares of the company’s stock valued at $244,000 after purchasing an additional 3,473 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in 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 worth $403,000 after buying an additional 39,302 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Full Truck Alliance by 3.4% in 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 grew 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 valued at $770,000 after buying an additional 65,076 shares during the last quarter. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Price Performance

Shares of YMM opened at $8.87 on Friday. Full Truck Alliance Co. Ltd. has a twelve month low of $5.41 and a twelve month high of $9.01. The firm has a 50 day moving average of $7.44 and a 200 day moving average of $7.04.

Full Truck Alliance (NYSE:YMM) last posted 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 firm had revenue of $339.15 million during the quarter, compared to analysts’ expectations of $322.13 million. On average, equities research analysts predict that Full Truck Alliance Co. Ltd. will post 0.39 EPS for the current fiscal year.

Full Truck Alliance Dividend Announcement

The business also recently declared an annual dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were paid a $0.144 dividend. The ex-dividend date was Thursday, April 4th. This represents a dividend 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.