Greenwoods Asset Management Hong Kong Ltd. increased its position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 7.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,019,803 shares of the company's stock after buying an additional 1,802,420 shares during the period. Full Truck Alliance comprises approximately 9.0% of Greenwoods Asset Management Hong Kong Ltd.'s holdings, making the stock its 4th biggest holding. Greenwoods Asset Management Hong Kong Ltd. owned about 2.47% of Full Truck Alliance worth $281,534,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Full Truck Alliance during the fourth quarter worth approximately $64,000. Truist Financial Corp acquired a new position in Full Truck Alliance during the 4th quarter worth $143,000. Aigen Investment Management LP acquired a new position in Full Truck Alliance during the 3rd quarter worth $151,000. Savant Capital LLC bought a new stake in shares of Full Truck Alliance in the 4th quarter worth about $194,000. Finally, Blue Trust Inc. raised its stake in shares of Full Truck Alliance by 120.9% in the 4th 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 in the last quarter. 39.02% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the company. Industrial Alliance Securities set a $18.00 price objective on Full Truck Alliance in a report on Thursday, March 6th. HSBC began coverage on Full Truck Alliance in a report on Wednesday, February 26th. They issued a "buy" rating and a $18.00 price target for the company. JPMorgan Chase & Co. upgraded Full Truck Alliance from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $13.00 to $18.00 in a research note on Thursday, March 6th. Hsbc Global Res upgraded shares of Full Truck Alliance to a "strong-buy" rating in a research note on Wednesday, February 26th. Finally, Citigroup increased their target price on shares of Full Truck Alliance from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Full Truck Alliance presently has a consensus rating of "Buy" and an average price target of $16.40.
Get Our Latest Research Report on Full Truck Alliance
Full Truck Alliance Price Performance
NYSE:YMM traded up $0.36 during midday trading on Tuesday, reaching $12.55. 13,588,981 shares of the company traded hands, compared to its average volume of 8,091,967. Full Truck Alliance Co. Ltd. has a twelve month low of $6.66 and a twelve month high of $13.53. The company has a fifty day moving average price of $11.66 and a 200 day moving average price of $10.01. The firm has a market capitalization of $13.22 billion, a price-to-earnings ratio of 29.87 and a beta of 0.25.
Full Truck Alliance Increases Dividend
The company also recently declared an annual dividend, which will be paid on Friday, April 18th. Stockholders of record on Monday, April 7th will be given a dividend of $0.1444 per share. The ex-dividend date is Monday, April 7th. This represents a dividend yield of 0.9%. This is a positive change from Full Truck Alliance's previous annual dividend of $0.14. Full Truck Alliance's dividend payout ratio is currently 46.34%.
About Full Truck Alliance
(
Free Report)
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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