Catalyst Funds Management Pty Ltd Takes $1.41 Million Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Catalyst Funds Management Pty Ltd acquired a new stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 130,100 shares of the company's stock, valued at approximately $1,408,000.

Other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in shares of Full Truck Alliance during the fourth quarter worth $64,000. Truist Financial Corp bought a new stake in shares of Full Truck Alliance in the fourth quarter worth $143,000. Aigen Investment Management LP bought a new stake in shares of Full Truck Alliance in the third quarter worth $151,000. Savant Capital LLC bought a new stake in shares of Full Truck Alliance in the fourth quarter worth $194,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Full Truck Alliance in the third quarter worth $207,000. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on YMM shares. Hsbc Global Res raised shares of Full Truck Alliance to a "strong-buy" rating in a research note on Wednesday, February 26th. HSBC initiated coverage on shares of Full Truck Alliance in a research report on Wednesday, February 26th. They set a "buy" rating and a $18.00 price target on the stock. Barclays upped 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. Industrial Alliance Securities set a $18.00 price target on shares of Full Truck Alliance in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. raised shares of Full Truck Alliance from a "neutral" rating to an "overweight" rating and upped their price target for the company from $13.00 to $18.00 in a research report on Thursday, March 6th. One 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 company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $16.40.

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Full Truck Alliance Price Performance

Shares of YMM stock traded up $0.16 on Wednesday, reaching $13.69. 3,669,523 shares of the company were exchanged, compared to its average volume of 8,526,021. The company has a market cap of $14.42 billion, a price-to-earnings ratio of 32.59 and a beta of 0.25. The company has a 50-day moving average of $11.93 and a 200-day moving average of $10.26. Full Truck Alliance Co. Ltd. has a one year low of $6.66 and a one year high of $13.85.

Full Truck Alliance Increases Dividend

The company 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 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. This represents a yield of 0.9%. Full Truck Alliance's dividend payout ratio (DPR) is 39.02%.

About Full Truck Alliance

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.