Farallon Capital Management LLC Has $179.45 Million Stake in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Farallon Capital Management LLC cut its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 19.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,585,095 shares of the company's stock after selling 4,080,453 shares during the period. Farallon Capital Management LLC owned 1.57% of Full Truck Alliance worth $179,451,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of YMM. D. E. Shaw & Co. Inc. boosted its position in Full Truck Alliance by 10.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 831,023 shares of the company's stock worth $8,992,000 after purchasing an additional 81,389 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Full Truck Alliance during the 4th quarter worth about $45,155,000. Ameriprise Financial Inc. boosted its holdings in Full Truck Alliance by 37.7% in the fourth quarter. Ameriprise Financial Inc. now owns 3,804,467 shares of the company's stock valued at $41,164,000 after acquiring an additional 1,042,081 shares during the last quarter. Aspex Management HK Ltd acquired a new position in shares of Full Truck Alliance in the 4th quarter valued at about $164,557,000. Finally, The Manufacturers Life Insurance Company lifted its position in Full Truck Alliance by 31.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,195,704 shares of the company's stock valued at $12,938,000 after buying an additional 285,106 shares in the last quarter. 39.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on YMM shares. Industrial Alliance Securities set a $18.00 target price on shares of Full Truck Alliance in a research report on Thursday, March 6th. HSBC assumed coverage on shares of Full Truck Alliance in a report on Wednesday, February 26th. They set a "buy" rating and a $18.00 target price on the stock. Hsbc Global Res upgraded Full Truck Alliance to a "strong-buy" rating in a research report on Wednesday, February 26th. Barclays raised their price target on shares of Full Truck Alliance from $7.00 to $13.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Finally, JPMorgan Chase & Co. lowered Full Truck Alliance from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $18.00 to $10.00 in a report on Monday, April 14th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Full Truck Alliance has a consensus rating of "Moderate Buy" and a consensus target price of $14.80.

Full Truck Alliance Stock Performance

Shares of NYSE:YMM traded down $0.19 during trading on Friday, hitting $11.49. 6,281,587 shares of the stock were exchanged, compared to its average volume of 9,190,260. Full Truck Alliance Co. Ltd. has a 1-year low of $6.66 and a 1-year high of $13.85. The company's fifty day simple moving average is $11.82 and its 200-day simple moving average is $11.12. The company 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 Increases Dividend

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

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.