Mondrian Investment Partners LTD Sells 1,349,387 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Mondrian Investment Partners LTD trimmed its position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 19.8% during the third quarter, Holdings Channel reports. The firm owned 5,458,222 shares of the company’s stock after selling 1,349,387 shares during the quarter. Mondrian Investment Partners LTD’s holdings in Full Truck Alliance were worth $45,139,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Parallel Advisors LLC acquired a new stake in Full Truck Alliance in the 1st quarter valued at about $25,000. Rockefeller Capital Management L.P. bought a new position in shares of Full Truck Alliance during the 4th quarter worth approximately $39,000. Handelsbanken Fonder AB boosted its stake in shares of Full Truck Alliance by 2.7% during the 2nd quarter. Handelsbanken Fonder AB now owns 275,182 shares of the company’s stock worth $2,234,000 after acquiring an additional 7,284 shares during the period. QRG Capital Management Inc. boosted its stake in shares of Full Truck Alliance by 61.1% during the 2nd quarter. QRG Capital Management Inc. now owns 21,039 shares of the company’s stock worth $171,000 after acquiring an additional 7,976 shares during the period. Finally, C WorldWide Group Holding A S increased its holdings in shares of Full Truck Alliance by 0.8% during the 2nd quarter. C WorldWide Group Holding A S now owns 1,153,400 shares of the company’s stock worth $9,366,000 after acquiring an additional 9,100 shares during the last quarter. 39.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on YMM. JPMorgan Chase & Co. upgraded Full Truck Alliance from a “neutral” rating to an “overweight” rating and increased their price target for the company from $8.60 to $10.00 in a research note on Monday, June 29th. Wall Street Zen raised shares of Full Truck Alliance from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings raised shares of Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 13th. Finally, UBS Group reiterated a “buy” rating and issued a $13.36 price objective on shares of Full Truck Alliance in a report on Wednesday, August 5th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.30.

Full Truck Alliance Stock Down 0.9%

Full Truck Alliance stock opened at $8.28 on Friday. The stock has a market cap of $8.63 billion, a P/E ratio of 14.03, a P/E/G ratio of 0.75 and a beta of 0.22. Full Truck Alliance Co. Ltd. Sponsored ADR has a twelve month low of $7.45 and a twelve month high of $13.40. The company’s 50-day moving average price is $8.46 and its two-hundred day moving average price is $8.62.

Full Truck Alliance (NYSE:YMM) last issued its quarterly earnings data on Friday, August 14th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. Full Truck Alliance had a net margin of 33.07% and a return on equity of 10.68%. The firm had revenue of $497.73 million during the quarter, compared to the consensus estimate of $463.13 million. Equities analysts anticipate that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.71 earnings per share for the current fiscal year.

Full Truck Alliance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 14th will be paid a dividend of $0.0840 per share. The ex-dividend date is Wednesday, October 14th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 4.1%. Full Truck Alliance’s dividend payout ratio (DPR) is 55.93%.

Full Truck Alliance Profile

Full Truck Alliance Co Ltd. is a China-based digital freight platform that connects shippers with truck drivers and logistics companies. The company operates through its Yunmanman and Huochebang platforms, which help users find transportation capacity, arrange shipments and manage freight transactions through online tools.

Its services are designed to improve the efficiency of China’s road freight industry by matching cargo with available trucks and providing information and transaction support.