Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Sold by Alkeon Capital Management LLC

Alkeon Capital Management LLC decreased its position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 42.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,921,570 shares of the company's stock after selling 10,355,000 shares during the quarter. Alkeon Capital Management LLC owned approximately 1.32% of Full Truck Alliance worth $150,631,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in Full Truck Alliance during the 4th quarter valued at $64,000. Townsquare Capital LLC bought a new stake in Full Truck Alliance during the fourth quarter valued at about $111,000. Truist Financial Corp bought a new position in Full Truck Alliance in the fourth quarter worth about $143,000. Savant Capital LLC bought a new position in Full Truck Alliance in the fourth quarter worth about $194,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Full Truck Alliance during the third quarter valued at about $207,000. Hedge funds and other institutional investors own 39.02% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on YMM. Industrial Alliance Securities set a $18.00 price objective on Full Truck Alliance in a research report on Thursday, March 6th. HSBC started coverage on Full Truck Alliance in a research note on Wednesday, February 26th. They set a "buy" rating and a $18.00 price target on the stock. Barclays boosted 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 report on Monday, March 10th. JPMorgan Chase & Co. lowered shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and cut their price target for the company from $18.00 to $10.00 in a research note on Monday, April 14th. Finally, Hsbc Global Res upgraded shares of Full Truck Alliance to a "strong-buy" rating in a research note on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Full Truck Alliance presently has a consensus rating of "Buy" and a consensus target price of $14.80.

Full Truck Alliance Trading Down 0.1 %

YMM traded down $0.02 on Monday, hitting $11.84. The company had a trading volume of 3,472,267 shares, compared to its average volume of 9,186,816. The firm has a market cap of $12.38 billion, a P/E ratio of 28.18 and a beta of 0.20. The company's fifty day moving average price is $11.82 and its 200 day moving average price is $11.04. Full Truck Alliance Co. Ltd. has a 1 year low of $6.66 and a 1 year high of $13.85.

Full Truck Alliance Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Thursday, April 17th. Investors of record on Monday, April 7th were issued a $0.1444 dividend. The ex-dividend date 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 39.02%.

About Full Truck Alliance

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.