OPTIMAS CAPITAL Ltd bought a new position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 88,300 shares of the company's stock, valued at approximately $955,000. Full Truck Alliance accounts for 1.3% of OPTIMAS CAPITAL Ltd's investment portfolio, making the stock its 22nd biggest position.
A number of other institutional investors have also modified their holdings of the company. Y Intercept Hong Kong Ltd purchased a new position in Full Truck Alliance in the 3rd quarter worth approximately $3,525,000. Charles Schwab Investment Management Inc. boosted its holdings in Full Truck Alliance by 12.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 912,011 shares of the company's stock worth $8,217,000 after acquiring an additional 100,080 shares during the period. XTX Topco Ltd boosted its holdings in Full Truck Alliance by 318.2% in the 3rd quarter. XTX Topco Ltd now owns 164,281 shares of the company's stock worth $1,480,000 after acquiring an additional 125,001 shares during the period. IMC Chicago LLC purchased a new position in Full Truck Alliance in the 4th quarter worth approximately $263,000. Finally, State Street Corp boosted its holdings in Full Truck Alliance by 6.4% in the 3rd quarter. State Street Corp now owns 2,609,508 shares of the company's stock worth $23,512,000 after acquiring an additional 155,834 shares during the period. Hedge funds and other institutional investors own 39.02% of the company's stock.
Full Truck Alliance Price Performance
Shares of YMM stock traded down $0.14 on Friday, hitting $13.14. 4,711,948 shares of the stock traded hands, compared to its average volume of 8,509,220. The company has a market capitalization of $13.84 billion, a PE ratio of 31.27 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. The company's fifty day moving average is $12.10 and its 200 day moving average is $10.34.
Full Truck Alliance Increases Dividend
The company also recently declared an annual dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, April 7th will be given a dividend of $0.1444 per share. This is a positive change from Full Truck Alliance's previous annual dividend of $0.14. This represents a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, April 7th. Full Truck Alliance's dividend payout ratio is currently 39.02%.
Wall Street Analyst Weigh In
A number of research firms have weighed in on YMM. Industrial Alliance Securities set a $18.00 price target on Full Truck Alliance in a report on Thursday, March 6th. JPMorgan Chase & Co. raised Full Truck Alliance from a "neutral" rating to an "overweight" rating and upped their target price for the company from $13.00 to $18.00 in a research report on Thursday, March 6th. HSBC began coverage on Full Truck Alliance in a research report on Wednesday, February 26th. They issued a "buy" rating and a $18.00 target price on the stock. Hsbc Global Res raised Full Truck Alliance to a "strong-buy" rating in a research report on Wednesday, February 26th. Finally, Barclays upped their target price on 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. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $16.40.
View Our Latest Report on YMM
About Full Truck Alliance
(
Free Report)
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.
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