Numerai GP LLC Takes $1.86 Million Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Numerai GP LLC acquired a new position in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 171,536 shares of the company's stock, valued at approximately $1,856,000.

Other hedge funds have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Full Truck Alliance by 1.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,262 shares of the company's stock worth $1,128,000 after buying an additional 1,722 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Full Truck Alliance by 20.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 20,408 shares of the company's stock worth $221,000 after acquiring an additional 3,442 shares during the last quarter. abrdn plc lifted its position in Full Truck Alliance by 22.6% in the 4th quarter. abrdn plc now owns 22,705 shares of the company's stock valued at $246,000 after acquiring an additional 4,187 shares in the last quarter. LMR Partners LLP boosted its stake in Full Truck Alliance by 25.4% during 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. Finally, SBI Securities Co. Ltd. purchased a new stake in Full Truck Alliance during the 4th quarter valued at $64,000. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Stock Performance

Shares of NYSE YMM traded down $0.16 during trading on Monday, hitting $12.20. The company had a trading volume of 2,423,983 shares, compared to its average volume of 9,125,079. The stock has a 50 day simple moving average of $11.79 and a 200 day simple moving average of $11.24. The firm has a market capitalization of $12.75 billion, a P/E ratio of 29.16 and a beta of 0.20. Full Truck Alliance Co. Ltd. has a 12 month low of $6.66 and a 12 month high of $13.85.

Full Truck Alliance Increases Dividend

The company also recently declared an annual dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, April 7th were given a $0.1444 dividend. This is a positive change from Full Truck Alliance's previous annual dividend of $0.14. This represents a dividend yield of 0.9%. The ex-dividend date was Monday, April 7th. Full Truck Alliance's dividend payout ratio is presently 39.02%.

Analyst Ratings Changes

YMM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. downgraded Full Truck Alliance from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $18.00 to $10.00 in a report on Monday, April 14th. Hsbc Global Res upgraded shares of Full Truck Alliance to a "strong-buy" rating in a research note on Wednesday, February 26th. Industrial Alliance Securities set a $18.00 price target on shares of Full Truck Alliance in a research note on Thursday, March 6th. HSBC started coverage on shares of 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, 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 report on Monday, March 10th. 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 company. Based on data from MarketBeat, Full Truck Alliance currently has an average rating of "Moderate Buy" and an average price target of $14.80.

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.