Keystone Investors PTE Ltd. Acquires New Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Keystone Investors PTE Ltd. acquired a new stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 591,952 shares of the company's stock, valued at approximately $6,405,000. Full Truck Alliance accounts for about 0.4% of Keystone Investors PTE Ltd.'s investment portfolio, making the stock its 28th largest position. Keystone Investors PTE Ltd. owned approximately 0.06% of Full Truck Alliance as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in Full Truck Alliance during the 4th quarter worth approximately $64,000. Truist Financial Corp acquired a new stake in shares of Full Truck Alliance during the fourth quarter worth approximately $143,000. Savant Capital LLC bought a new stake in shares of Full Truck Alliance in the fourth quarter worth $194,000. Wilmington Savings Fund Society FSB bought a new position in Full Truck Alliance during the 3rd quarter valued at $207,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Full Truck Alliance by 2,104.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 21,145 shares of the company's stock worth $229,000 after acquiring an additional 20,186 shares in the last quarter. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on YMM. JPMorgan Chase & Co. raised Full Truck Alliance from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $13.00 to $18.00 in a report on Thursday, March 6th. Citigroup raised 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. Barclays boosted 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 note on Monday, March 10th. HSBC started coverage on shares of Full Truck Alliance in a research report on Wednesday, February 26th. They issued a "buy" rating and a $18.00 price target on the stock. Finally, Hsbc Global Res upgraded shares of Full Truck Alliance to a "strong-buy" rating in a research note on Wednesday, February 26th. One analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Full Truck Alliance currently has an average rating of "Buy" and a consensus target price of $16.40.

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Full Truck Alliance Stock Performance

Shares of YMM traded down $0.40 during midday trading on Friday, hitting $12.89. 5,312,715 shares of the stock traded hands, compared to its average volume of 8,871,456. The business's 50 day moving average price is $12.30 and its two-hundred day moving average price is $10.57. The firm has a market capitalization of $13.58 billion, a PE ratio of 30.68 and a beta of 0.25. Full Truck Alliance Co. Ltd. has a 1-year low of $6.66 and a 1-year high of $13.85.

Full Truck Alliance Increases Dividend

The company 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 $0.1444 dividend. This is a boost from Full Truck Alliance's previous annual dividend of $0.14. The ex-dividend date is Monday, April 7th. This represents a yield of 0.9%. Full Truck Alliance's dividend payout ratio is 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.