SIH Partners LLLP Sells 78,300 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

SIH Partners LLLP decreased its position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 27.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 203,700 shares of the company's stock after selling 78,300 shares during the period. SIH Partners LLLP's holdings in Full Truck Alliance were worth $2,204,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. First Trust Advisors LP bought a new position in Full Truck Alliance in the 4th quarter valued at $752,000. Twenty Acre Capital LP raised its holdings in shares of Full Truck Alliance by 1.5% in the fourth quarter. Twenty Acre Capital LP now owns 811,200 shares of the company's stock valued at $8,777,000 after buying an additional 11,900 shares during the last quarter. Mariner LLC lifted its position in Full Truck Alliance by 140.1% during the 4th quarter. Mariner LLC now owns 54,432 shares of the company's stock worth $589,000 after buying an additional 31,757 shares in the last quarter. Townsquare Capital LLC bought a new stake in Full Truck Alliance during the 4th quarter worth about $111,000. Finally, Quinn Opportunity Partners LLC bought a new position in shares of Full Truck Alliance in the fourth quarter worth about $1,751,000. Institutional investors own 39.02% of the company's stock.

Full Truck Alliance Trading Down 0.6 %

Shares of YMM stock traded down $0.07 on Friday, reaching $11.19. The company had a trading volume of 3,570,362 shares, compared to its average volume of 9,306,484. The company has a 50-day moving average of $11.88 and a 200-day moving average of $10.91. Full Truck Alliance Co. Ltd. has a 12 month low of $6.66 and a 12 month high of $13.85. The stock has a market cap of $11.79 billion, a PE ratio of 26.64 and a beta of 0.19.

Full Truck Alliance Increases Dividend

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

Analyst Ratings Changes

Several analysts have recently commented on the stock. Barclays increased their price target on shares of Full Truck Alliance from $7.00 to $13.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. JPMorgan Chase & Co. lowered Full Truck Alliance from an "overweight" rating to a "neutral" rating and cut their price target for the company from $18.00 to $10.00 in a research note on Monday, April 14th. Industrial Alliance Securities set a $18.00 price target on Full Truck Alliance in a report on Thursday, March 6th. HSBC started coverage on Full Truck Alliance in a report on Wednesday, February 26th. They set a "buy" rating and a $18.00 price objective for the company. Finally, Hsbc Global Res raised shares of Full Truck Alliance to a "strong-buy" rating in a research note on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average 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.