Aigen Investment Management LP Has $413,000 Stock Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Aigen Investment Management LP increased its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 127.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,131 shares of the company's stock after purchasing an additional 21,378 shares during the quarter. Aigen Investment Management LP's holdings in Full Truck Alliance were worth $413,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in YMM. Empower Harvest Management Services Inc. acquired a new position in shares of Full Truck Alliance during the 4th quarter worth about $97,058,000. North of South Capital LLP boosted its position in Full Truck Alliance by 74.8% during the fourth quarter. North of South Capital LLP now owns 5,692,489 shares of the company's stock valued at $61,593,000 after purchasing an additional 2,436,130 shares during the last quarter. Alkeon Capital Management LLC grew its stake in Full Truck Alliance by 3.9% in the third quarter. Alkeon Capital Management LLC now owns 24,276,570 shares of the company's stock valued at $218,732,000 after purchasing an additional 921,820 shares in the last quarter. Alberta Investment Management Corp increased its position in shares of Full Truck Alliance by 37.5% during the 4th quarter. Alberta Investment Management Corp now owns 2,089,167 shares of the company's stock worth $22,605,000 after purchasing an additional 569,633 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Full Truck Alliance during the 3rd quarter worth approximately $4,218,000. Institutional investors own 39.02% of the company's stock.

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Full Truck Alliance Price Performance

YMM traded up $0.36 during trading on Tuesday, hitting $12.55. The stock had a trading volume of 12,733,897 shares, compared to its average volume of 8,073,298. The company has a 50 day moving average price of $11.66 and a 200-day moving average price of $10.01. Full Truck Alliance Co. Ltd. has a one year low of $6.66 and a one year high of $13.53. The firm has a market cap of $13.22 billion, a price-to-earnings ratio of 29.87 and a beta of 0.25.

Full Truck Alliance Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, April 18th. Investors of record on Monday, April 7th will be paid a $0.1444 dividend. The ex-dividend date of this dividend is Monday, April 7th. This is an increase from Full Truck Alliance's previous annual dividend of $0.14. This represents a dividend yield of 0.9%. Full Truck Alliance's dividend payout ratio is 46.34%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on YMM. Barclays boosted 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 report on Monday. HSBC started 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. Citigroup increased their price target on Full Truck Alliance from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Hsbc Global Res raised Full Truck Alliance to a "strong-buy" rating in a report on Wednesday, February 26th. Finally, Industrial Alliance Securities set a $18.00 price objective on shares of Full Truck Alliance in a report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Full Truck Alliance currently has an average rating of "Buy" and a consensus target price of $16.40.

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 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.