Northwest & Ethical Investments L.P. Takes Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Northwest & Ethical Investments L.P. purchased a new position in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 146,403 shares of the company's stock, valued at approximately $1,584,000.

Several other large investors also recently added to or reduced their stakes in YMM. Empower Harvest Management Services Inc. purchased a new position in shares of Full Truck Alliance in the 4th quarter worth approximately $97,058,000. Davis Selected Advisers purchased a new position in Full Truck Alliance during the fourth quarter worth $58,432,000. North of South Capital LLP increased its position in Full Truck Alliance by 74.8% during the fourth quarter. North of South Capital LLP now owns 5,692,489 shares of the company's stock valued at $61,593,000 after acquiring an additional 2,436,130 shares during the last quarter. Greenwoods Asset Management Hong Kong Ltd. raised its stake in shares of Full Truck Alliance by 7.4% in the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 26,019,803 shares of the company's stock valued at $281,534,000 after acquiring an additional 1,802,420 shares during the period. Finally, Alkeon Capital Management LLC lifted its holdings in shares of Full Truck Alliance by 3.9% in the 3rd quarter. Alkeon Capital Management LLC now owns 24,276,570 shares of the company's stock worth $218,732,000 after acquiring an additional 921,820 shares during the last quarter. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Stock Down 0.4 %

Shares of NYSE YMM traded down $0.05 during trading hours on Wednesday, hitting $12.94. 7,485,767 shares of the stock were exchanged, compared to its average volume of 8,498,532. Full Truck Alliance Co. Ltd. has a 12 month low of $6.66 and a 12 month high of $13.85. The firm has a fifty day moving average price of $12.19 and a 200-day moving average price of $10.47. The company has a market cap of $13.63 billion, a PE ratio of 30.81 and a beta of 0.25.

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Full Truck Alliance Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Hsbc Global Res raised shares of Full Truck Alliance to a "strong-buy" rating in a research report on Wednesday, February 26th. HSBC started coverage on shares of 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. Barclays lifted their price objective on Full Truck Alliance from $7.00 to $13.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. JPMorgan Chase & Co. upgraded shares of Full Truck Alliance from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $13.00 to $18.00 in a report on Thursday, March 6th. Finally, Citigroup boosted their price objective on shares of Full Truck Alliance from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Full Truck Alliance has a consensus rating of "Buy" and an average target price of $16.40.

Full Truck Alliance Company 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.