Pinebridge Investments L.P. Buys 147,258 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Pinebridge Investments L.P. grew its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 17.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,004,308 shares of the company's stock after purchasing an additional 147,258 shares during the period. Pinebridge Investments L.P. owned 0.10% of Full Truck Alliance worth $10,867,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. FIL Ltd boosted its holdings in shares of Full Truck Alliance by 83.0% during the fourth quarter. FIL Ltd now owns 51,730,620 shares of the company's stock valued at $559,725,000 after acquiring an additional 23,468,794 shares during the period. JPMorgan Chase & Co. lifted its position in Full Truck Alliance by 37.8% in the fourth quarter. JPMorgan Chase & Co. now owns 37,875,367 shares of the company's stock worth $409,811,000 after purchasing an additional 10,383,716 shares during the period. Vanguard Group Inc. boosted its stake in Full Truck Alliance by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 28,943,043 shares of the company's stock valued at $313,164,000 after purchasing an additional 295,301 shares in the last quarter. Greenwoods Asset Management Hong Kong Ltd. increased its position in shares of Full Truck Alliance by 7.4% during the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 26,019,803 shares of the company's stock valued at $281,534,000 after purchasing an additional 1,802,420 shares during the period. Finally, Norges Bank acquired a new stake in Full Truck Alliance in the 4th quarter valued at about $101,649,000. 39.02% of the stock is currently owned by institutional investors.

Full Truck Alliance Trading Down 0.6 %

YMM traded down $0.07 during midday trading on Friday, reaching $11.19. The company's stock had a trading volume of 3,570,362 shares, compared to its average volume of 9,283,051. Full Truck Alliance Co. Ltd. has a twelve month low of $6.66 and a twelve month high of $13.85. The stock has a market cap of $11.79 billion, a P/E ratio of 26.64 and a beta of 0.19. The company has a fifty day simple moving average of $11.88 and a 200 day simple moving average of $10.92.

Full Truck Alliance Increases Dividend

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

Analysts Set New Price Targets

YMM has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut Full Truck Alliance from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $18.00 to $10.00 in a research note on Monday, April 14th. HSBC assumed coverage on Full Truck Alliance in a report on Wednesday, February 26th. They issued a "buy" rating and a $18.00 target price for the company. Barclays raised their price target 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, March 10th. Industrial Alliance Securities set a $18.00 target price on Full Truck Alliance in a research report on Thursday, March 6th. Finally, Hsbc Global Res raised shares of Full Truck Alliance to a "strong-buy" rating in a research note on Wednesday, February 26th. Two analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus 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.