Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Sold by Bamco Inc. NY

Bamco Inc. NY cut its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,078,316 shares of the company's stock after selling 327,583 shares during the quarter. Bamco Inc. NY owned about 0.96% of Full Truck Alliance worth $109,047,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Full Truck Alliance in the 4th quarter worth $64,000. Townsquare Capital LLC acquired a new position in shares of Full Truck Alliance in the 4th quarter valued at $111,000. Truist Financial Corp purchased a new position in shares of Full Truck Alliance in the fourth quarter worth about $143,000. Savant Capital LLC purchased a new stake in Full Truck Alliance in the fourth quarter valued at approximately $194,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Full Truck Alliance during the 3rd quarter valued at approximately $207,000. 39.02% of the stock is owned by hedge funds and other institutional investors.

Full Truck Alliance Trading Down 3.8 %

YMM traded down $0.47 on Wednesday, hitting $11.63. 5,042,038 shares of the company were exchanged, compared to its average volume of 9,179,286. The firm has a 50-day moving average price of $11.83 and a two-hundred day moving average price of $11.05. Full Truck Alliance Co. Ltd. has a twelve month low of $6.66 and a twelve month high of $13.85. The company has a market cap of $12.16 billion, a price-to-earnings ratio of 27.68 and a beta of 0.20.

Full Truck Alliance Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, April 7th were given a dividend of $0.1444 per share. The ex-dividend date of this dividend was Monday, April 7th. This is an increase from Full Truck Alliance's previous annual dividend of $0.14. This represents a dividend yield of 0.9%. Full Truck Alliance's payout ratio is currently 39.02%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on YMM. 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 objective for the company. JPMorgan Chase & Co. downgraded shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and cut their price objective 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 report on Wednesday, February 26th. Barclays upped their price target on Full Truck Alliance from $7.00 to $13.00 and gave the stock an "equal weight" rating in a research note on Monday, March 10th. Finally, Industrial Alliance Securities set a $18.00 price objective on Full Truck Alliance in a report on Thursday, March 6th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus 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.