161,865 Shares in Full Truck Alliance Co. Ltd. (NYSE:YMM) Purchased by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC bought a new position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 161,865 shares of the company's stock, valued at approximately $1,751,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. FIL Ltd lifted its position in shares of Full Truck Alliance by 83.0% during the 4th quarter. FIL Ltd now owns 51,730,620 shares of the company's stock worth $559,725,000 after purchasing an additional 23,468,794 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Full Truck Alliance by 37.8% in the 4th quarter. JPMorgan Chase & Co. now owns 37,875,367 shares of the company's stock valued at $409,811,000 after acquiring an additional 10,383,716 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Full Truck Alliance by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 28,943,043 shares of the company's stock worth $313,164,000 after acquiring an additional 295,301 shares in the last quarter. Greenwoods Asset Management Hong Kong Ltd. boosted its holdings in Full Truck Alliance by 7.4% in the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 26,019,803 shares of the company's stock valued at $281,534,000 after purchasing an additional 1,802,420 shares in the last quarter. Finally, Norges Bank purchased a new position in Full Truck Alliance in the fourth quarter valued at approximately $101,649,000. Institutional investors and hedge funds own 39.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on YMM. Barclays raised their target price on shares of Full Truck Alliance from $7.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. HSBC initiated coverage on Full Truck Alliance in a research report on Wednesday, February 26th. They issued a "buy" rating and a $18.00 price objective for the company. Hsbc Global Res upgraded shares of Full Truck Alliance to a "strong-buy" rating in a research note on Wednesday, February 26th. Industrial Alliance Securities set a $18.00 price target on Full Truck Alliance in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. lowered shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $18.00 to $10.00 in a research report on Monday. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $14.80.

Full Truck Alliance Stock Up 0.6 %

Shares of YMM traded up $0.07 during trading on Thursday, reaching $10.09. The company's stock had a trading volume of 4,494,350 shares, compared to its average volume of 9,299,236. The company has a fifty day moving average of $12.15 and a two-hundred day moving average of $10.86. The company has a market cap of $10.63 billion, a price-to-earnings ratio of 24.04 and a beta of 0.19. Full Truck Alliance Co. Ltd. has a twelve month low of $6.66 and a twelve month high of $13.85.

Full Truck Alliance Increases Dividend

The company also recently announced an annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, April 7th will be paid a dividend of $0.1444 per share. This represents a yield of 0.9%. This is a positive change from Full Truck Alliance's previous annual dividend of $0.14. The ex-dividend date of this dividend is Monday, April 7th. Full Truck Alliance's payout ratio is presently 39.02%.

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.