Blue Creek Capital Management Ltd cut its position in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 23.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,696,313 shares of the company's stock after selling 514,538 shares during the period. Full Truck Alliance comprises 25.1% of Blue Creek Capital Management Ltd's portfolio, making the stock its largest holding. Blue Creek Capital Management Ltd owned approximately 0.16% of Full Truck Alliance worth $18,354,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of Full Truck Alliance in the fourth quarter valued at about $64,000. Capital Wealth Planning LLC purchased a new position in Full Truck Alliance in the 4th quarter worth approximately $1,395,000. Veritas Asset Management LLP bought a new position in Full Truck Alliance in the 4th quarter worth approximately $789,000. Union Bancaire Privee UBP SA purchased a new position in shares of Full Truck Alliance in the fourth quarter worth $647,000. Finally, North of South Capital LLP boosted its position in shares of 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 worth $61,593,000 after acquiring an additional 2,436,130 shares during the last quarter. 39.02% of the stock is currently owned by institutional investors.
Full Truck Alliance Price Performance
Shares of NYSE:YMM traded up $0.02 during trading on Thursday, hitting $13.28. The company had a trading volume of 14,481,678 shares, compared to its average volume of 7,860,855. The stock has a market cap of $13.99 billion, a price-to-earnings ratio of 31.61 and a beta of 0.25. The company has a fifty day simple moving average of $11.54 and a two-hundred day simple moving average of $9.88. Full Truck Alliance Co. Ltd. has a one year low of $5.70 and a one year high of $13.53.
Full Truck Alliance Increases Dividend
The company also recently disclosed an annual dividend, which will be paid on Friday, April 18th. Shareholders of record on Monday, April 7th will be given a dividend of $0.1444 per share. This is a boost from Full Truck Alliance's previous annual dividend of $0.14. The ex-dividend date is Monday, April 7th. This represents a yield of 0.9%. Full Truck Alliance's payout ratio is 28.57%.
Analysts Set New Price Targets
Several analysts have commented on YMM shares. Hsbc Global Res upgraded shares of Full Truck Alliance to a "strong-buy" rating in a research note on Wednesday, February 26th. Citigroup boosted their target price on Full Truck Alliance from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. HSBC assumed coverage on Full Truck Alliance in a report on Wednesday, February 26th. They set a "buy" rating and a $18.00 price target for the company. Finally, JPMorgan Chase & Co. raised Full Truck Alliance from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $13.00 to $18.00 in a report on Thursday. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $14.50.
View Our Latest Stock Report on YMM
Full Truck Alliance 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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