Yunqi Capital Ltd Has $15.57 Million Stock Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Yunqi Capital Ltd trimmed its position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 63.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,438,500 shares of the company's stock after selling 2,476,800 shares during the quarter. Full Truck Alliance accounts for 9.9% of Yunqi Capital Ltd's portfolio, making the stock its 5th largest position. Yunqi Capital Ltd owned approximately 0.14% of Full Truck Alliance worth $15,565,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. abrdn plc grew its position in Full Truck Alliance by 22.6% in the fourth quarter. abrdn plc now owns 22,705 shares of the company's stock valued at $246,000 after purchasing an additional 4,187 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Full Truck Alliance by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 118,404 shares of the company's stock worth $1,067,000 after purchasing an additional 4,235 shares during the last quarter. Harvest Fund Management Co. Ltd grew its holdings in Full Truck Alliance by 1.0% during the third quarter. Harvest Fund Management Co. Ltd now owns 545,517 shares of the company's stock worth $4,910,000 after purchasing an additional 5,660 shares during the period. SBI Securities Co. Ltd. acquired a new position in Full Truck Alliance during the fourth quarter worth approximately $64,000. Finally, Crossmark Global Holdings Inc. raised its stake in Full Truck Alliance by 44.1% in the third quarter. Crossmark Global Holdings Inc. now owns 30,102 shares of the company's stock valued at $272,000 after buying an additional 9,210 shares during the period. 39.02% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Barclays raised their target price on shares of Full Truck Alliance from $7.00 to $13.00 and gave the stock an "equal weight" rating in a research note on Monday. Citigroup increased their price objective on shares of Full Truck Alliance from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. raised Full Truck Alliance from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $13.00 to $18.00 in a report on Thursday, March 6th. Industrial Alliance Securities set a $18.00 price objective on shares of Full Truck Alliance in a research report on Thursday, March 6th. Finally, Hsbc Global Res upgraded shares of Full Truck Alliance to a "strong-buy" rating in a research report on Wednesday, February 26th. One investment 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 data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $16.40.

Full Truck Alliance Price Performance

Shares of Full Truck Alliance stock traded up $0.08 during trading on Wednesday, hitting $12.66. The company's stock had a trading volume of 6,471,550 shares, compared to its average volume of 8,026,352. The stock has a 50-day moving average price of $11.69 and a two-hundred day moving average price of $10.05. Full Truck Alliance Co. Ltd. has a 52 week low of $6.66 and a 52 week high of $13.53. The stock has a market cap of $13.33 billion, a price-to-earnings ratio of 30.13 and a beta of 0.25.

Full Truck Alliance Increases Dividend

The business 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 $0.1444 dividend. The ex-dividend date of this dividend is Monday, April 7th. This is a boost 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 presently 46.34%.

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.