Dymon Asia Capital Singapore PTE. LTD. Makes New $1.02 Million Investment in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Dymon Asia Capital Singapore PTE. LTD. acquired a new stake in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 94,500 shares of the company's stock, valued at approximately $1,022,000. Full Truck Alliance accounts for 0.2% of Dymon Asia Capital Singapore PTE. LTD.'s holdings, making the stock its 25th biggest holding.

A number of other institutional investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Full Truck Alliance in the third quarter valued at $4,218,000. State Street Corp lifted its stake in shares of Full Truck Alliance by 6.4% in the 3rd quarter. State Street Corp now owns 2,609,508 shares of the company's stock valued at $23,512,000 after purchasing an additional 155,834 shares during the period. Barclays PLC bought a new stake in Full Truck Alliance in the third quarter valued at approximately $3,566,000. Geode Capital Management LLC raised its position in shares of Full Truck Alliance by 3.7% during the third quarter. Geode Capital Management LLC now owns 118,404 shares of the company's stock worth $1,067,000 after purchasing an additional 4,235 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in Full Truck Alliance during the 3rd quarter worth about $207,000. Institutional investors and hedge funds own 39.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Industrial Alliance Securities set a $18.00 target price on shares of Full Truck Alliance in a research note on Thursday, March 6th. HSBC began coverage on Full Truck Alliance in a research note on Wednesday, February 26th. They set a "buy" rating and a $18.00 price objective on the stock. JPMorgan Chase & Co. downgraded Full Truck Alliance from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $18.00 to $10.00 in a report on Monday. Hsbc Global Res upgraded shares of Full Truck Alliance to a "strong-buy" rating in a report on Wednesday, February 26th. Finally, Barclays raised 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 note on Monday, March 10th. Two research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $14.80.

Full Truck Alliance Trading Down 2.7 %

Shares of NYSE YMM traded down $0.28 during midday trading on Wednesday, hitting $10.04. The company's stock had a trading volume of 7,083,457 shares, compared to its average volume of 9,287,746. Full Truck Alliance Co. Ltd. has a one year low of $6.66 and a one year high of $13.85. The firm has a market capitalization of $10.58 billion, a price-to-earnings ratio of 23.91 and a beta of 0.19. The stock has a fifty day moving average price of $12.19 and a 200 day moving average price of $10.87.

Full Truck Alliance Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, April 7th will be given a dividend of $0.1444 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a dividend yield of 0.9%. This is a boost from Full Truck Alliance's previous annual dividend of $0.14. Full Truck Alliance's dividend payout ratio (DPR) is 39.02%.

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.