Numerai GP LLC acquired a new stake in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 171,536 shares of the company's stock, valued at approximately $1,856,000.
Several other hedge funds have also recently bought and sold shares of the company. Oasis Management Co Ltd. bought a new stake in Full Truck Alliance in the 4th quarter valued at about $541,000. LMR Partners LLP lifted its position in Full Truck Alliance by 25.4% in the 4th quarter. LMR Partners LLP now owns 27,881 shares of the company's stock valued at $302,000 after purchasing an additional 5,646 shares during the last quarter. Jasper Ridge Partners L.P. bought a new stake in Full Truck Alliance in the 4th quarter valued at about $149,000. KEYWISE CAPITAL MANAGEMENT HK Ltd increased its stake in Full Truck Alliance by 25,877.9% during the 4th quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 4,234,400 shares of the company's stock valued at $45,816,000 after buying an additional 4,218,100 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its stake in Full Truck Alliance by 10.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 831,023 shares of the company's stock valued at $8,992,000 after buying an additional 81,389 shares during the period. 39.02% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have commented on YMM. JPMorgan Chase & Co. cut shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $18.00 to $10.00 in a research note on Monday, April 14th. Hsbc Global Res raised shares of Full Truck Alliance to a "strong-buy" rating in a research note on Wednesday, February 26th. HSBC began coverage on shares of Full Truck Alliance in a research note on Wednesday, February 26th. They set a "buy" rating and a $18.00 target price on the stock. Barclays raised their target price 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. Finally, Industrial Alliance Securities set a $18.00 target price on shares of Full Truck Alliance in a research note on Thursday, March 6th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.80.
Check Out Our Latest Stock Analysis on YMM
Full Truck Alliance Price Performance
Shares of YMM traded down $0.15 during mid-day trading on Friday, hitting $12.34. The company's stock had a trading volume of 4,056,139 shares, compared to its average volume of 9,180,802. The firm has a 50-day moving average price of $11.79 and a 200 day moving average price of $11.21. The stock has a market capitalization of $12.90 billion, a price-to-earnings ratio of 29.37 and a beta of 0.20. Full Truck Alliance Co. Ltd. has a fifty-two week low of $6.66 and a fifty-two week high of $13.85.
Full Truck Alliance Increases Dividend
The firm also recently disclosed an annual dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, April 7th were paid a $0.1444 dividend. The ex-dividend date of this dividend was Monday, April 7th. This represents a dividend yield of 0.9%. This is a boost from Full Truck Alliance's previous annual dividend of $0.14. Full Truck Alliance's payout ratio is currently 39.02%.
Full Truck Alliance Company Profile
(
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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