Arete Wealth Advisors LLC Invests $300,000 in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Arete Wealth Advisors LLC acquired a new stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 27,818 shares of the company's stock, valued at approximately $300,000.

A number of other institutional investors and hedge funds have also bought and sold shares of YMM. SBI Securities Co. Ltd. purchased a new stake in shares of Full Truck Alliance during the fourth quarter valued at approximately $64,000. Truist Financial Corp bought a new position in Full Truck Alliance in the 4th quarter valued at approximately $143,000. Savant Capital LLC purchased a new stake in Full Truck Alliance during the 4th quarter valued at $194,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Full Truck Alliance in the 3rd quarter worth $207,000. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of Full Truck Alliance by 20.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 20,408 shares of the company's stock worth $221,000 after purchasing an additional 3,442 shares during the last quarter. 39.02% of the stock is currently owned by institutional investors.

Full Truck Alliance Price Performance

Shares of YMM traded down $0.58 on Friday, reaching $9.66. The company's stock had a trading volume of 32,402,179 shares, compared to its average volume of 9,201,656. The stock's 50 day simple moving average is $12.26 and its two-hundred day simple moving average is $10.85. The stock has a market capitalization of $10.17 billion, a P/E ratio of 22.99 and a beta of 0.19. 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 firm also recently declared an annual dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, April 7th will be paid a dividend of $0.1444 per share. This represents a dividend yield of 0.9%. 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. Full Truck Alliance's dividend payout ratio (DPR) is currently 39.02%.

Analysts Set New Price Targets

Several research firms recently commented on YMM. JPMorgan Chase & Co. raised Full Truck Alliance from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $13.00 to $18.00 in a research report on Thursday, March 6th. Industrial Alliance Securities set a $18.00 price target on shares of Full Truck Alliance in a report on Thursday, March 6th. Barclays boosted their price objective 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. HSBC initiated coverage on shares of Full Truck Alliance in a report on Wednesday, February 26th. They issued a "buy" rating and a $18.00 target price on the stock. Finally, Hsbc Global Res upgraded shares of Full Truck Alliance to a "strong-buy" rating in a research note on Wednesday, February 26th. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $16.40.

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.