GF Fund Management CO. LTD. Buys New Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

GF Fund Management CO. LTD. bought a new stake in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 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 filing with the Securities & Exchange Commission.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Citigroup lowered their price target 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. Barclays increased their price target on Full Truck Alliance from $7.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. HSBC started coverage on Full Truck Alliance in a report on Wednesday, February 26th. They set a "buy" rating and a $18.00 price objective on the stock. JPMorgan Chase & Co. downgraded Full Truck Alliance from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $18.00 to $10.00 in a report on Monday, April 14th. Finally, Hsbc Global Res raised Full Truck Alliance to a "strong-buy" rating in a report on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Full Truck Alliance currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.00.

Full Truck Alliance Price Performance

Shares of Full Truck Alliance stock traded up $0.22 on Thursday, hitting $12.20. 4,043,279 shares of the company's stock traded hands, compared to its average volume of 8,964,241. The firm's 50-day moving average price is $11.55 and its two-hundred day moving average price is $11.36. The stock has a market capitalization of $12.75 billion, a PE ratio of 29.04 and a beta of 0.20. Full Truck Alliance Co. Ltd. has a one year low of $6.66 and a one year high of $13.85.

Full Truck Alliance Increases Dividend

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

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.