GF Fund Management CO. LTD. Purchases Shares of 1,532,146 Full Truck Alliance Co. Ltd. (NYSE:YMM)

GF Fund Management CO. LTD. purchased a new stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,532,146 shares of the company's stock, valued at approximately $16,578,000. GF Fund Management CO. LTD. owned approximately 0.15% of Full Truck Alliance as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Full Truck Alliance in the 4th quarter worth approximately $64,000. Townsquare Capital LLC purchased a new stake in shares of Full Truck Alliance in the 4th quarter worth approximately $111,000. Wolverine Trading LLC purchased a new stake in shares of Full Truck Alliance in the 4th quarter worth approximately $115,000. Vise Technologies Inc. purchased a new stake in shares of Full Truck Alliance in the 4th quarter worth approximately $130,000. Finally, Truist Financial Corp purchased a new stake in shares of Full Truck Alliance in the 4th quarter worth approximately $143,000. 39.02% of the stock is owned by hedge funds and other institutional investors.

Full Truck Alliance Trading Up 5.8%

Full Truck Alliance stock traded up $0.65 during trading on Tuesday, reaching $11.82. The company had a trading volume of 11,268,706 shares, compared to its average volume of 9,041,843. Full Truck Alliance Co. Ltd. has a 52 week low of $6.66 and a 52 week high of $13.85. The firm's 50-day simple moving average is $11.60 and its 200 day simple moving average is $11.35. The firm has a market capitalization of $12.36 billion, a price-to-earnings ratio of 28.14 and a beta of 0.20.

Full Truck Alliance Increases Dividend

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

Analysts Set New Price Targets

Several analysts have commented on the company. Barclays increased their target price on 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. Citigroup cut their target price on Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. HSBC assumed coverage on Full Truck Alliance in a research note on Wednesday, February 26th. They set a "buy" rating and a $18.00 target price on the stock. Industrial Alliance Securities set a $18.00 target price on Full Truck Alliance in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. downgraded Full Truck Alliance from an "overweight" rating to a "neutral" rating and cut 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.00.

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.