Full Truck Alliance Co. Ltd. (NYSE:YMM) Stock Holdings Raised by Voloridge Investment Management LLC

Voloridge Investment Management LLC raised its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 66.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,164,914 shares of the company's stock after purchasing an additional 2,871,204 shares during the period. Voloridge Investment Management LLC owned 0.68% of Full Truck Alliance worth $77,524,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new stake in shares of Full Truck Alliance during the 4th quarter valued at about $64,000. Townsquare Capital LLC bought a new stake in shares of Full Truck Alliance during the 4th quarter valued at about $111,000. Truist Financial Corp bought a new stake in shares of Full Truck Alliance during the 4th quarter valued at about $143,000. Jasper Ridge Partners L.P. bought a new stake in shares of Full Truck Alliance during the 4th quarter valued at about $149,000. Finally, Savant Capital LLC bought a new stake in shares of Full Truck Alliance during the 4th quarter valued at about $194,000. Institutional investors own 39.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on YMM. Barclays boosted their price objective on shares of 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. Industrial Alliance Securities set a $18.00 target price on shares of Full Truck Alliance in a research note on Thursday, March 6th. Hsbc Global Res raised shares of Full Truck Alliance to a "strong-buy" rating in a research note on Wednesday, February 26th. HSBC started coverage on shares of 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 reduced their target price for the company 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 issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $14.80.

Full Truck Alliance Stock Down 1.1%

Full Truck Alliance stock opened at $12.21 on Tuesday. The firm has a 50-day moving average price of $11.78 and a two-hundred day moving average price of $11.26. The firm has a market capitalization of $12.77 billion, a price-to-earnings ratio of 29.07 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.

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 paid a $0.1444 dividend. This is a positive change from Full Truck Alliance's previous annual dividend of $0.14. This represents a dividend yield of 0.9%. The ex-dividend date was Monday, April 7th. Full Truck Alliance's dividend payout ratio is currently 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.

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