ANTIPODES PARTNERS Ltd bought a new position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 47,261 shares of the company's stock, valued at approximately $511,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of Full Truck Alliance during the 4th quarter worth approximately $64,000. Truist Financial Corp purchased a new stake in shares of Full Truck Alliance during the 4th quarter valued at approximately $143,000. Aigen Investment Management LP purchased a new stake in shares of Full Truck Alliance during the 3rd quarter valued at approximately $151,000. Savant Capital LLC purchased a new stake in shares of Full Truck Alliance during the 4th quarter valued at approximately $194,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Full Truck Alliance by 2,104.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 21,145 shares of the company's stock valued at $229,000 after buying an additional 20,186 shares during the period. 39.02% of the stock is currently owned by institutional investors and hedge funds.
Full Truck Alliance Stock Performance
NYSE YMM traded up $0.14 during trading hours on Friday, hitting $12.90. The company had a trading volume of 7,913,537 shares, compared to its average volume of 7,961,098. Full Truck Alliance Co. Ltd. has a 1-year low of $6.66 and a 1-year high of $13.53. The company has a market cap of $13.59 billion, a PE ratio of 30.70 and a beta of 0.25. The business has a 50 day moving average of $11.81 and a 200-day moving average of $10.14.
Full Truck Alliance Increases Dividend
The business also recently disclosed an annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, April 7th will be paid a $0.1444 dividend. This represents a yield of 0.9%. 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. Full Truck Alliance's dividend payout ratio is currently 39.02%.
Analyst Ratings Changes
Several analysts have recently commented on the stock. Barclays lifted their price target on shares of Full Truck Alliance from $7.00 to $13.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. JPMorgan Chase & Co. upgraded shares of Full Truck Alliance from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $13.00 to $18.00 in a research note on Thursday, March 6th. HSBC began coverage on shares of Full Truck Alliance in a research note on Wednesday, February 26th. They issued a "buy" rating and a $18.00 price target 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. Finally, Industrial Alliance Securities set a $18.00 target price on shares of Full Truck Alliance in a research note on Thursday, March 6th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Full Truck Alliance currently has an average rating of "Buy" and a consensus price target of $16.40.
Check Out Our Latest Analysis on Full Truck Alliance
Full Truck Alliance Company Profile
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Free Report)
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.
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