Full Truck Alliance Target of Unusually High Options Trading (NYSE:YMM)

Full Truck Alliance Co. Ltd. (NYSE:YMM - Get Free Report) was the target of unusually large options trading activity on Friday. Stock traders purchased 4,921 call options on the stock. This is an increase of 122% compared to the typical volume of 2,213 call options.

Institutional Investors Weigh In On Full Truck Alliance

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

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Hsbc Global Res raised Full Truck Alliance to a "strong-buy" rating in a report on Wednesday, February 26th. HSBC assumed 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 report on Thursday, March 6th. JPMorgan Chase & Co. downgraded shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $18.00 to $10.00 in a research report on Monday. Finally, Barclays increased their target price on shares of Full Truck Alliance from $7.00 to $13.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Full Truck Alliance has an average rating of "Buy" and a consensus target price of $14.80.

Full Truck Alliance Price Performance

Shares of YMM stock traded down $0.31 during trading hours on Wednesday, hitting $10.01. The stock had a trading volume of 7,901,380 shares, compared to its average volume of 9,289,967. The stock's 50 day moving average is $12.19 and its 200 day moving average is $10.87. The firm has a market capitalization of $10.55 billion, a PE ratio of 23.83 and a beta of 0.19. Full Truck Alliance has a twelve month low of $6.66 and a twelve month high of $13.85.

Full Truck Alliance Increases Dividend

The firm also recently disclosed 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 is an increase from Full Truck Alliance's previous annual dividend of $0.14. This represents a yield of 0.9%. The ex-dividend date is Monday, April 7th. Full Truck Alliance's dividend payout ratio (DPR) is presently 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.