BNP Paribas Financial Markets Makes New Investment in Full Truck Alliance Co. Ltd. (NYSE:YMM)

BNP Paribas Financial Markets acquired a new position 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 SEC. The institutional investor acquired 4,173,283 shares of the company's stock, valued at approximately $45,155,000. BNP Paribas Financial Markets owned about 0.40% of Full Truck Alliance as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on YMM. HSBC initiated coverage on shares of Full Truck Alliance in a research report on Wednesday, February 26th. They set a "buy" rating and a $18.00 target price on the stock. Hsbc Global Res upgraded shares of Full Truck Alliance to a "strong-buy" rating in a research report on Wednesday, February 26th. Industrial Alliance Securities set a $18.00 price target on shares of Full Truck Alliance in a research report on Thursday, March 6th. 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 report on Monday, March 10th. Finally, JPMorgan Chase & Co. cut Full Truck Alliance from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $18.00 to $10.00 in a report on Monday, April 14th. Two research 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 MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $14.80.

Full Truck Alliance Trading Down 1.6 %

Shares of Full Truck Alliance stock traded down $0.19 during trading hours on Friday, reaching $11.49. 6,281,587 shares of the company's stock were exchanged, compared to its average volume of 9,190,260. The firm has a market capitalization of $12.02 billion, a price-to-earnings ratio of 27.36 and a beta of 0.20. Full Truck Alliance Co. Ltd. has a 52-week low of $6.66 and a 52-week high of $13.85. The company has a fifty day moving average of $11.82 and a 200-day moving average of $11.10.

Full Truck Alliance Increases Dividend

The firm also recently declared an annual dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, April 7th were paid a $0.1444 dividend. This represents a yield of 0.9%. This is a positive change 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%.

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.