Quantbot Technologies LP trimmed its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 37.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,621 shares of the company's stock after selling 45,637 shares during the period. Quantbot Technologies LP's holdings in Full Truck Alliance were worth $818,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of YMM. SBI Securities Co. Ltd. bought a new position in shares of Full Truck Alliance in the fourth quarter valued at about $64,000. Truist Financial Corp bought a new stake in shares of Full Truck Alliance in the 4th quarter valued at about $143,000. Savant Capital LLC acquired a new position in shares of Full Truck Alliance in the 4th quarter valued at $194,000. EverSource Wealth Advisors LLC grew its stake in Full Truck Alliance by 2,104.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 21,145 shares of the company's stock valued at $229,000 after acquiring an additional 20,186 shares during the period. Finally, Blue Trust Inc. increased its stake in Full Truck Alliance by 120.9% during the 4th quarter. Blue Trust Inc. now owns 22,090 shares of the company's stock worth $239,000 after purchasing an additional 12,091 shares in the last quarter. 39.02% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Full Truck Alliance from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $13.00 to $18.00 in a research note on Thursday, March 6th. Hsbc Global Res raised Full Truck Alliance to a "strong-buy" rating in a research report on Wednesday, February 26th. HSBC initiated 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. Barclays upped 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 research report on Monday, March 10th. Finally, Industrial Alliance Securities set a $18.00 price target on Full Truck Alliance in a research note on Thursday, March 6th. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $16.40.
Read Our Latest Analysis on Full Truck Alliance
Full Truck Alliance Price Performance
Shares of YMM traded down $0.40 during mid-day trading on Friday, hitting $12.89. The stock had a trading volume of 5,312,715 shares, compared to its average volume of 8,871,456. Full Truck Alliance Co. Ltd. has a 52 week low of $6.66 and a 52 week high of $13.85. The business has a fifty day moving average price of $12.30 and a 200-day moving average price of $10.57. The firm has a market cap of $13.58 billion, a P/E ratio of 30.68 and a beta of 0.25.
Full Truck Alliance Increases Dividend
The company also recently announced an annual dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, April 7th will be issued a dividend of $0.1444 per share. This represents a yield of 0.9%. The ex-dividend date of this dividend is Monday, April 7th. This is a positive change from Full Truck Alliance's previous annual dividend of $0.14. Full Truck Alliance's dividend payout ratio is 39.02%.
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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