EverSource Wealth Advisors LLC Grows Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

EverSource Wealth Advisors LLC grew its stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 2,104.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,145 shares of the company's stock after buying an additional 20,186 shares during the quarter. EverSource Wealth Advisors LLC's holdings in Full Truck Alliance were worth $229,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in Full Truck Alliance in the fourth quarter worth about $64,000. Truist Financial Corp purchased a new stake in Full Truck Alliance in the fourth quarter worth about $143,000. Aigen Investment Management LP purchased a new stake in Full Truck Alliance in the third quarter worth about $151,000. Savant Capital LLC purchased a new position in shares of Full Truck Alliance during the fourth quarter valued at approximately $194,000. Finally, Blue Trust Inc. lifted its holdings in shares of Full Truck Alliance by 120.9% during the fourth quarter. Blue Trust Inc. now owns 22,090 shares of the company's stock valued at $239,000 after purchasing an additional 12,091 shares during the last quarter. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Stock Down 3.0 %

Shares of NYSE YMM traded down $0.42 during midday trading on Thursday, reaching $13.28. 5,319,185 shares of the company's stock traded hands, compared to its average volume of 7,839,007. The stock's 50 day simple moving average is $11.99 and its 200-day simple moving average is $10.28. Full Truck Alliance Co. Ltd. has a one year low of $6.66 and a one year high of $13.85. The company has a market cap of $13.99 billion, a price-to-earnings ratio of 31.61 and a beta of 0.25.

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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 paid a dividend of $0.1444 per share. This is an increase from Full Truck Alliance's previous annual dividend of $0.14. This represents a dividend yield of 0.9%. The ex-dividend date is Monday, April 7th. Full Truck Alliance's payout ratio is presently 39.02%.

Wall Street Analysts Forecast Growth

YMM has been the subject of several analyst reports. Industrial Alliance Securities set a $18.00 price target on shares of Full Truck Alliance in a research report on Thursday, March 6th. Hsbc Global Res upgraded Full Truck Alliance to a "strong-buy" rating in a research note on Wednesday, February 26th. HSBC assumed coverage on shares of Full Truck Alliance in a report on Wednesday, February 26th. They issued a "buy" rating and a $18.00 target price for the company. Barclays upped 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, March 10th. Finally, JPMorgan Chase & Co. raised shares of Full Truck Alliance from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $13.00 to $18.00 in a report 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $16.40.

Full Truck Alliance 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.