Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Bought by Legal & General Group Plc

Legal & General Group Plc grew its position in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 10.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,443,965 shares of the company's stock after purchasing an additional 133,574 shares during the period. Legal & General Group Plc owned approximately 0.14% of Full Truck Alliance worth $15,624,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of Full Truck Alliance during the 4th quarter valued at about $64,000. Truist Financial Corp purchased a new position in Full Truck Alliance in the 4th quarter valued at about $143,000. Savant Capital LLC acquired a new stake in shares of Full Truck Alliance in the fourth quarter worth approximately $194,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Full Truck Alliance during the third quarter worth $207,000. Finally, O Shaughnessy Asset Management LLC grew its stake in Full Truck Alliance by 20.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 20,408 shares of the company's stock valued at $221,000 after acquiring an additional 3,442 shares in the last quarter. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Full Truck Alliance Stock Up 0.4 %

NYSE YMM traded up $0.05 on Friday, reaching $10.07. The stock had a trading volume of 7,231,383 shares, compared to its average volume of 9,335,093. Full Truck Alliance Co. Ltd. has a 12-month low of $6.66 and a 12-month high of $13.85. The stock has a fifty day moving average price of $12.05 and a two-hundred day moving average price of $10.87. The firm has a market capitalization of $10.61 billion, a price-to-earnings ratio of 23.96 and a beta of 0.19.

Full Truck Alliance Increases Dividend

The company also recently announced an annual dividend, which was paid on Thursday, April 17th. Investors of record on Monday, April 7th were issued a dividend of $0.1444 per share. This represents a yield of 0.9%. This is a boost from Full Truck Alliance's previous annual dividend of $0.14. The ex-dividend date was Monday, April 7th. Full Truck Alliance's dividend payout ratio (DPR) is 39.02%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Industrial Alliance Securities set a $18.00 target price on Full Truck Alliance in a research note on Thursday, March 6th. JPMorgan Chase & Co. downgraded shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $18.00 to $10.00 in a research note on Monday, April 14th. Barclays increased their price target 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 began coverage on shares of Full Truck Alliance in a research report on Wednesday, February 26th. They set a "buy" rating and a $18.00 price target on the stock. Finally, Hsbc Global Res upgraded Full Truck Alliance to a "strong-buy" rating in a research report on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $14.80.

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.