Burgundy Asset Management Ltd. Has $9.91 Million Stock Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Burgundy Asset Management Ltd. increased its position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 1,541.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 915,700 shares of the company's stock after buying an additional 859,901 shares during the quarter. Burgundy Asset Management Ltd. owned 0.09% of Full Truck Alliance worth $9,908,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of YMM. Barclays PLC bought a new position in shares of Full Truck Alliance during the third quarter worth about $3,566,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in shares of Full Truck Alliance during the fourth quarter worth about $2,511,000. Maple Brown Abbott Ltd grew its holdings in shares of Full Truck Alliance by 104.8% during the fourth quarter. Maple Brown Abbott Ltd now owns 117,472 shares of the company's stock worth $1,271,000 after buying an additional 60,100 shares in the last quarter. Blue Trust Inc. boosted its position in Full Truck Alliance by 120.9% during the fourth quarter. Blue Trust Inc. now owns 22,090 shares of the company's stock valued at $239,000 after purchasing an additional 12,091 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in Full Truck Alliance during the fourth quarter valued at approximately $647,000. 39.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on YMM shares. Barclays increased their price target on Full Truck Alliance from $7.00 to $13.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. Hsbc Global Res raised Full Truck Alliance to a "strong-buy" rating in a research report on Wednesday, February 26th. HSBC initiated coverage on Full Truck Alliance in a research report on Wednesday, February 26th. They issued a "buy" rating and a $18.00 price objective for the company. JPMorgan Chase & Co. cut 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 research report on Monday, April 14th. Finally, Industrial Alliance Securities set a $18.00 price objective on Full Truck Alliance in a research report on Thursday, March 6th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $15.00.

Full Truck Alliance Stock Performance

NYSE:YMM traded up $0.65 during mid-day trading on Tuesday, hitting $11.82. 11,225,636 shares of the stock were exchanged, compared to its average volume of 9,041,839. The stock has a market capitalization of $12.36 billion, a price-to-earnings ratio of 28.14 and a beta of 0.20. The firm's 50-day simple moving average is $11.60 and its 200 day simple moving average is $11.35. Full Truck Alliance Co. Ltd. has a fifty-two week low of $6.66 and a fifty-two week high of $13.85.

Full Truck Alliance Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, April 7th were issued a $0.1444 dividend. The ex-dividend date of this dividend was Monday, April 7th. This is a boost from Full Truck Alliance's previous annual dividend of $0.14. This represents a yield of 0.9%. Full Truck Alliance's payout ratio is currently 32.00%.

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.