Aspex Management HK Ltd Takes $164.56 Million Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Aspex Management HK Ltd acquired a new stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,208,627 shares of the company's stock, valued at approximately $164,557,000. Full Truck Alliance accounts for approximately 4.4% of Aspex Management HK Ltd's investment portfolio, making the stock its 7th biggest position. Aspex Management HK Ltd owned 1.44% of Full Truck Alliance as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. FIL Ltd lifted its stake in Full Truck Alliance by 83.0% in the fourth quarter. FIL Ltd now owns 51,730,620 shares of the company's stock valued at $559,725,000 after buying an additional 23,468,794 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Full Truck Alliance by 37.8% during the fourth quarter. JPMorgan Chase & Co. now owns 37,875,367 shares of the company's stock worth $409,811,000 after acquiring an additional 10,383,716 shares during the period. Norges Bank acquired a new position in Full Truck Alliance in the 4th quarter worth $101,649,000. Empower Harvest Management Services Inc. bought a new position in Full Truck Alliance during the 4th quarter worth about $97,058,000. Finally, Davis Selected Advisers acquired a new stake in shares of Full Truck Alliance in the 4th quarter valued at about $58,432,000. Institutional investors own 39.02% of the company's stock.

Full Truck Alliance Trading Up 2.1 %

Shares of YMM traded up $0.25 during midday trading on Tuesday, reaching $12.09. The stock had a trading volume of 5,990,620 shares, compared to its average volume of 9,182,050. The firm has a market cap of $12.64 billion, a PE ratio of 28.77 and a beta of 0.20. The firm has a 50 day simple moving average of $11.82 and a 200-day simple moving average of $11.04. Full Truck Alliance Co. Ltd. has a one year low of $6.66 and a one 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. Stockholders of record on Monday, April 7th were given a $0.1444 dividend. This represents a dividend yield of 0.9%. This is a boost from Full Truck Alliance's previous annual dividend of $0.14. The ex-dividend date of this dividend was Monday, April 7th. Full Truck Alliance's dividend payout ratio (DPR) is presently 39.02%.

Analyst Upgrades and Downgrades

YMM has been the subject of a number of research reports. JPMorgan Chase & Co. downgraded Full Truck Alliance from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $18.00 to $10.00 in a report on Monday, April 14th. Barclays lifted 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 assumed coverage on shares of Full Truck Alliance in a research report on Wednesday, February 26th. They issued a "buy" rating and a $18.00 target price for the company. Hsbc Global Res raised shares of Full Truck Alliance to a "strong-buy" rating in a research report on Wednesday, February 26th. Finally, Industrial Alliance Securities set a $18.00 price objective on Full Truck Alliance in a report on Thursday, March 6th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Full Truck Alliance presently has an average rating of "Buy" and an average target price of $14.80.

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.