Harvest Fund Management Co. Ltd lowered its stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 30.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 378,170 shares of the company's stock after selling 167,347 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Full Truck Alliance were worth $4,088,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in YMM. SBI Securities Co. Ltd. purchased a new position in Full Truck Alliance in the fourth quarter valued at about $64,000. Truist Financial Corp bought a new stake in shares of Full Truck Alliance in the 4th quarter worth approximately $143,000. Savant Capital LLC purchased a new position in Full Truck Alliance in the fourth quarter valued at approximately $194,000. Wilmington Savings Fund Society FSB bought a new position in Full Truck Alliance during the third quarter valued at $207,000. Finally, EverSource Wealth Advisors LLC increased its position in Full Truck Alliance by 2,104.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 21,145 shares of the company's stock worth $229,000 after buying an additional 20,186 shares during the last quarter. Hedge funds and other institutional investors own 39.02% of the company's stock.
Full Truck Alliance Stock Down 1.0 %
Shares of YMM stock traded down $0.14 on Friday, reaching $13.14. The company's stock had a trading volume of 4,711,948 shares, compared to its average volume of 8,497,958. Full Truck Alliance Co. Ltd. has a 12-month low of $6.66 and a 12-month high of $13.85. The stock's 50 day simple moving average is $12.10 and its 200-day simple moving average is $10.36. The company has a market capitalization of $13.84 billion, a P/E ratio of 31.27 and a beta of 0.25.
Full Truck Alliance Increases Dividend
The firm also recently disclosed an annual dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, April 7th will be issued a dividend of $0.1444 per share. This is a positive change from Full Truck Alliance's previous annual dividend of $0.14. The ex-dividend date is Monday, April 7th. This represents a dividend yield of 0.9%. Full Truck Alliance's payout ratio is presently 39.02%.
Wall Street Analyst Weigh In
A number of analysts recently commented on the stock. Citigroup upped their price target on shares of Full Truck Alliance from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. HSBC initiated coverage on Full Truck Alliance in a research report on Wednesday, February 26th. They set a "buy" rating and a $18.00 target price on the stock. Industrial Alliance Securities set a $18.00 price target on Full Truck Alliance in a research report on Thursday, March 6th. Hsbc Global Res raised Full Truck Alliance to a "strong-buy" rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. raised Full Truck Alliance from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $13.00 to $18.00 in a report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $16.40.
View Our Latest Report on YMM
Full Truck Alliance Company Profile
(
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.
Recommended Stories
Before you consider Full Truck Alliance, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Full Truck Alliance wasn't on the list.
While Full Truck Alliance currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
