49,646 Shares in Full Truck Alliance Co. Ltd. (NYSE:YMM) Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. acquired a new stake in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 49,646 shares of the company's stock, valued at approximately $537,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of YMM. SBI Securities Co. Ltd. purchased a new stake in shares of Full Truck Alliance during the 4th quarter valued at about $64,000. Truist Financial Corp acquired a new stake in Full Truck Alliance in the fourth quarter valued at approximately $143,000. Savant Capital LLC purchased a new stake in shares of Full Truck Alliance during the fourth quarter valued at approximately $194,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Full Truck Alliance during the third quarter worth $207,000. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of Full Truck Alliance by 20.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 20,408 shares of the company's stock valued at $221,000 after purchasing an additional 3,442 shares during the period. Institutional investors and hedge funds own 39.02% of the company's stock.

Full Truck Alliance Stock Down 3.8 %

Shares of YMM traded down $0.47 during mid-day trading on Wednesday, hitting $11.63. The stock had a trading volume of 5,042,038 shares, compared to its average volume of 9,165,560. Full Truck Alliance Co. Ltd. has a fifty-two week low of $6.66 and a fifty-two week high of $13.85. The company has a market cap of $12.16 billion, a PE ratio of 27.68 and a beta of 0.20. The company's fifty day simple moving average is $11.83 and its two-hundred day simple moving average is $11.05.

Full Truck Alliance Increases Dividend

The business also recently declared 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. 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 is presently 39.02%.

Analyst Ratings Changes

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