Brilliance Asset Management Ltd. Has $45.38 Million Stock Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Brilliance Asset Management Ltd. increased its holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 29.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,193,580 shares of the company's stock after buying an additional 954,124 shares during the period. Full Truck Alliance accounts for approximately 10.2% of Brilliance Asset Management Ltd.'s portfolio, making the stock its 5th largest holding. Brilliance Asset Management Ltd. owned approximately 0.40% of Full Truck Alliance worth $45,375,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Empower Harvest Management Services Inc. bought a new stake in shares of Full Truck Alliance during the 4th quarter worth $97,058,000. Davis Selected Advisers bought a new stake in Full Truck Alliance during the fourth quarter worth about $58,432,000. North of South Capital LLP lifted its stake in 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 purchasing an additional 2,436,130 shares during the last quarter. Greenwoods Asset Management Hong Kong Ltd. boosted its holdings in shares of Full Truck Alliance by 7.4% in the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 26,019,803 shares of the company's stock worth $281,534,000 after purchasing an additional 1,802,420 shares in the last quarter. Finally, Taikang Asset Management Hong Kong Co Ltd lifted its position in Full Truck Alliance by 354.5% in the 4th quarter. Taikang Asset Management Hong Kong Co Ltd now owns 1,363,614 shares of the company's stock worth $14,754,000 after buying an additional 1,063,614 shares during the last quarter. Institutional investors own 39.02% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on YMM. Barclays boosted their price objective 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. JPMorgan Chase & Co. upgraded 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. Hsbc Global Res upgraded Full Truck Alliance to a "strong-buy" rating in a report on Wednesday, February 26th. Industrial Alliance Securities set a $18.00 target price on Full Truck Alliance in a report on Thursday, March 6th. Finally, HSBC started coverage on Full Truck Alliance in a research note on Wednesday, February 26th. They issued a "buy" rating and a $18.00 price target on the stock. 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $16.40.

Full Truck Alliance Stock Down 3.0 %

Shares of Full Truck Alliance stock traded down $0.40 during trading on Friday, reaching $12.89. 5,312,715 shares of the stock were exchanged, compared to its average volume of 8,871,456. Full Truck Alliance Co. Ltd. has a 1 year low of $6.66 and a 1 year high of $13.85. The firm has a market cap of $13.58 billion, a price-to-earnings ratio of 30.68 and a beta of 0.25. The stock's fifty day moving average is $12.30 and its 200 day moving average is $10.57.

Full Truck Alliance Increases Dividend

The firm also recently announced 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. The ex-dividend date is Monday, April 7th. This is a boost from Full Truck Alliance's previous annual dividend of $0.14. This represents a dividend yield of 0.9%. Full Truck Alliance's payout ratio 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.