Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Bought by Taikang Asset Management Hong Kong Co Ltd

Taikang Asset Management Hong Kong Co Ltd increased its stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 354.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,363,614 shares of the company's stock after buying an additional 1,063,614 shares during the period. Full Truck Alliance accounts for approximately 2.2% of Taikang Asset Management Hong Kong Co Ltd's holdings, making the stock its 10th biggest holding. Taikang Asset Management Hong Kong Co Ltd owned about 0.13% of Full Truck Alliance worth $14,754,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in Full Truck Alliance during the 4th quarter worth $64,000. Truist Financial Corp bought a new stake in shares of Full Truck Alliance during the fourth quarter worth $143,000. Savant Capital LLC acquired a new position in shares of Full Truck Alliance during the fourth quarter valued at $194,000. Wilmington Savings Fund Society FSB bought a new position in Full Truck Alliance in the third quarter valued at about $207,000. Finally, EverSource Wealth Advisors LLC increased its position 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 worth $229,000 after purchasing an additional 20,186 shares during the period. Institutional investors and hedge funds own 39.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. JPMorgan Chase & Co. raised shares of Full Truck Alliance from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $13.00 to $18.00 in a report on Thursday, March 6th. Citigroup boosted their target price on Full Truck Alliance from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Hsbc Global Res raised shares of Full Truck Alliance to a "strong-buy" rating in a research note on Wednesday, February 26th. HSBC assumed coverage on shares of Full Truck Alliance in a research note on Wednesday, February 26th. They issued a "buy" rating and a $18.00 target price for the company. Finally, Barclays boosted 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 report on Monday, March 10th. One 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 stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $16.40.

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Full Truck Alliance Stock Performance

NYSE YMM traded down $0.40 during trading hours on Friday, hitting $12.89. 5,312,715 shares of the company traded hands, compared to its average volume of 8,871,456. The stock has a market capitalization of $13.58 billion, a price-to-earnings ratio of 30.68 and a beta of 0.25. Full Truck Alliance Co. Ltd. has a twelve month low of $6.66 and a twelve month high of $13.85. The business's 50-day moving average is $12.30 and its 200-day moving average is $10.57.

Full Truck Alliance Increases Dividend

The company also recently declared an annual dividend, which will be paid on Thursday, April 17th. Shareholders 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 yield of 0.9%. The ex-dividend date of this dividend is Monday, April 7th. Full Truck Alliance's dividend payout ratio is 39.02%.

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.