Full Truck Alliance Co. Ltd. (NYSE:YMM) Given Average Rating of "Buy" by Brokerages

Full Truck Alliance Co. Ltd. (NYSE:YMM - Get Free Report) has earned a consensus rating of "Buy" from the six analysts that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $14.80.

YMM has been the topic of several research analyst reports. Barclays boosted their price target on shares of Full Truck Alliance from $7.00 to $13.00 and gave the stock an "equal weight" rating in a research note on Monday, March 10th. JPMorgan Chase & Co. cut Full Truck Alliance from an "overweight" rating to a "neutral" rating and cut their price target for the company from $18.00 to $10.00 in a report on Monday, April 14th. HSBC began coverage on Full Truck Alliance in a report on Wednesday, February 26th. They set a "buy" rating and a $18.00 price objective on the stock. Hsbc Global Res raised shares of Full Truck Alliance to a "strong-buy" rating in a report on Wednesday, February 26th. Finally, Industrial Alliance Securities set a $18.00 price target on shares of Full Truck Alliance in a research note on Thursday, March 6th.

Hedge Funds Weigh In On Full Truck Alliance

Large investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in shares of Full Truck Alliance during the fourth quarter valued at approximately $64,000. Townsquare Capital LLC bought a new stake in shares of Full Truck Alliance during the 4th quarter worth approximately $111,000. Wolverine Trading LLC purchased a new position in Full Truck Alliance during the 4th quarter valued at $115,000. Vise Technologies Inc. bought a new position in Full Truck Alliance in the 4th quarter valued at $130,000. Finally, Truist Financial Corp purchased a new stake in Full Truck Alliance in the fourth quarter worth $143,000. 39.02% of the stock is owned by hedge funds and other institutional investors.

Full Truck Alliance Stock Performance

YMM stock opened at $10.07 on Friday. The company's fifty day moving average price is $12.05 and its 200-day moving average price is $10.87. Full Truck Alliance has a one year low of $6.66 and a one year high of $13.85. The company has a market capitalization of $10.61 billion, a PE ratio of 23.96 and a beta of 0.19.

Full Truck Alliance Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, April 7th were 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 was Monday, April 7th. This represents a yield of 0.9%. Full Truck Alliance's payout ratio 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.

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