Bank of America Corp DE cut its holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 9.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,761,070 shares of the company's stock after selling 681,861 shares during the quarter. Bank of America Corp DE owned about 0.64% of Full Truck Alliance worth $73,155,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new stake in Full Truck Alliance in the 4th quarter valued at $64,000. Townsquare Capital LLC acquired a new stake in Full Truck Alliance in the 4th quarter valued at $111,000. Truist Financial Corp acquired a new stake in Full Truck Alliance in the 4th quarter valued at $143,000. Savant Capital LLC acquired a new stake in Full Truck Alliance in the 4th quarter valued at $194,000. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of Full Truck Alliance by 20.3% during the 4th 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 owned by institutional investors.
Full Truck Alliance Trading Down 2.1%
NYSE:YMM traded down $0.27 during trading hours on Thursday, hitting $12.49. 5,077,479 shares of the company were exchanged, compared to its average volume of 9,217,075. The company has a fifty day simple moving average of $11.79 and a 200 day simple moving average of $11.16. Full Truck Alliance Co. Ltd. has a one year low of $6.66 and a one year high of $13.85. The stock has a market capitalization of $13.06 billion, a price-to-earnings ratio of 29.74 and a beta of 0.20.
Full Truck Alliance Increases Dividend
The company also recently announced an annual dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, April 7th were paid a $0.1444 dividend. The ex-dividend date 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 dividend payout ratio (DPR) is currently 39.02%.
Analysts Set New Price Targets
Several research analysts have recently weighed in on YMM shares. JPMorgan Chase & Co. lowered shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $18.00 to $10.00 in a research note on Monday, April 14th. HSBC began coverage on Full Truck Alliance in a research report on Wednesday, February 26th. They issued a "buy" rating and a $18.00 target price on the stock. Industrial Alliance Securities set a $18.00 price target on Full Truck Alliance in a research report on Thursday, March 6th. Barclays increased their price target on 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. Finally, Hsbc Global Res raised Full Truck Alliance to a "strong-buy" rating in a report on Wednesday, February 26th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Full Truck Alliance presently has an average rating of "Moderate Buy" and an average price target of $14.80.
Get Our Latest Analysis on Full Truck Alliance
Full Truck Alliance Company Profile
(
Free Report)
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.
See Also
Before you consider Full Truck Alliance, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Full Truck Alliance wasn't on the list.
While Full Truck Alliance currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
