Charles Schwab Investment Management Inc. Has $9.65 Million Stock Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Charles Schwab Investment Management Inc. lessened its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 891,591 shares of the company's stock after selling 20,420 shares during the period. Charles Schwab Investment Management Inc. owned about 0.08% of Full Truck Alliance worth $9,647,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd bought a new stake in shares of Full Truck Alliance in the 3rd quarter worth approximately $3,525,000. XTX Topco Ltd lifted its stake in Full Truck Alliance by 318.2% in the third quarter. XTX Topco Ltd now owns 164,281 shares of the company's stock valued at $1,480,000 after buying an additional 125,001 shares during the last quarter. IMC Chicago LLC acquired a new position in shares of Full Truck Alliance during the fourth quarter valued at $263,000. State Street Corp grew its position in shares of Full Truck Alliance by 6.4% during the third quarter. State Street Corp now owns 2,609,508 shares of the company's stock worth $23,512,000 after acquiring an additional 155,834 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Full Truck Alliance in the third quarter valued at approximately $4,218,000. 39.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

YMM has been the topic of a number of research analyst reports. HSBC assumed coverage on Full Truck Alliance in a report on Wednesday, February 26th. They set a "buy" rating and a $18.00 price target on the stock. Hsbc Global Res upgraded Full Truck Alliance to a "strong-buy" rating in a report on Wednesday, February 26th. Barclays raised 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 research note on Monday, March 10th. Citigroup increased their price objective on Full Truck Alliance from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. upgraded Full Truck Alliance from a "neutral" rating to an "overweight" rating and upped their target price for the company from $13.00 to $18.00 in a report on Thursday, March 6th. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $16.40.

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Full Truck Alliance Trading Down 0.4 %

NYSE YMM traded down $0.05 during trading on Wednesday, reaching $12.94. The company's stock had a trading volume of 6,094,796 shares, compared to its average volume of 8,492,991. The business has a 50-day moving average price of $12.19 and a 200-day moving average price of $10.47. Full Truck Alliance Co. Ltd. has a 1-year low of $6.66 and a 1-year high of $13.85. The stock has a market capitalization of $13.63 billion, a PE ratio of 30.81 and a beta of 0.25.

Full Truck Alliance Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, April 7th will be given a dividend of $0.1444 per share. This represents a yield of 0.9%. This is an increase from Full Truck Alliance's previous annual dividend of $0.14. The ex-dividend date is Monday, April 7th. Full Truck Alliance's dividend payout ratio is presently 39.02%.

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.