NS Partners Ltd Takes Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

NS Partners Ltd purchased 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 disclosure with the SEC. The firm purchased 165,400 shares of the company's stock, valued at approximately $1,790,000.

A number of other institutional investors have also recently made changes to their positions in the stock. abrdn plc boosted its holdings in shares of Full Truck Alliance by 22.6% during the 4th quarter. abrdn plc now owns 22,705 shares of the company's stock valued at $246,000 after acquiring an additional 4,187 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Full Truck Alliance by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 118,404 shares of the company's stock valued at $1,067,000 after acquiring an additional 4,235 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in shares of Full Truck Alliance by 1.0% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 545,517 shares of the company's stock valued at $4,910,000 after acquiring an additional 5,660 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Full Truck Alliance in the fourth quarter worth approximately $64,000. Finally, Crossmark Global Holdings Inc. boosted its holdings in shares of Full Truck Alliance by 44.1% in the third quarter. Crossmark Global Holdings Inc. now owns 30,102 shares of the company's stock worth $272,000 after buying an additional 9,210 shares during the last quarter. Hedge funds and other institutional investors own 39.02% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Barclays raised their price objective on shares of Full Truck Alliance from $7.00 to $13.00 and gave the stock an "equal weight" rating in a report on Monday. Hsbc Global Res raised shares of Full Truck Alliance to a "strong-buy" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. raised shares of Full Truck Alliance from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $13.00 to $18.00 in a report on Thursday, March 6th. Industrial Alliance Securities set a $18.00 price objective on shares of Full Truck Alliance in a report on Thursday, March 6th. Finally, Citigroup raised their target price 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 investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $16.40.

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Full Truck Alliance Trading Up 0.6 %

NYSE YMM traded up $0.08 on Wednesday, reaching $12.66. 5,007,770 shares of the stock were exchanged, compared to its average volume of 8,026,295. Full Truck Alliance Co. Ltd. has a one year low of $6.66 and a one year high of $13.53. The firm has a market capitalization of $13.33 billion, a PE ratio of 30.13 and a beta of 0.25. The company's 50-day simple moving average is $11.69 and its two-hundred day simple moving average is $10.05.

Full Truck Alliance Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, April 18th. Shareholders of record on Monday, April 7th will be paid a dividend of $0.1444 per share. 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 (DPR) is presently 46.34%.

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.