Nuveen Asset Management LLC Purchases Shares of 5,578,207 Full Truck Alliance Co. Ltd. (NYSE:YMM)

Nuveen Asset Management LLC 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 5,578,207 shares of the company's stock, valued at approximately $60,356,000. Nuveen Asset Management LLC owned approximately 0.53% of Full Truck Alliance as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. IMC Chicago LLC bought a new position in shares of Full Truck Alliance during the fourth quarter valued at $263,000. Barclays PLC purchased a new stake in Full Truck Alliance in the third quarter worth about $3,566,000. Maple Brown Abbott Ltd grew its position 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 purchasing an additional 60,100 shares in the last quarter. Truist Financial Corp purchased a new stake in shares of Full Truck Alliance during the fourth quarter worth about $143,000. Finally, Savant Capital LLC purchased a new stake in shares of Full Truck Alliance during the fourth quarter worth about $194,000. 39.02% of the stock is currently owned by institutional investors.

Full Truck Alliance Stock Performance

YMM stock traded down $0.00 on Friday, hitting $11.14. 7,753,335 shares of the company's stock were exchanged, compared to its average volume of 9,031,925. Full Truck Alliance Co. Ltd. has a 12-month low of $6.66 and a 12-month high of $13.85. The firm has a 50 day moving average price of $11.65 and a two-hundred day moving average price of $11.32. The stock has a market cap of $11.65 billion, a P/E ratio of 26.52 and a beta of 0.20.

Full Truck Alliance Increases Dividend

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

Analyst Ratings Changes

A number of brokerages recently commented on YMM. Industrial Alliance Securities set a $18.00 price target on Full Truck Alliance in a research note on Thursday, March 6th. Citigroup dropped their price target on Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating for the company in a research note on Thursday. HSBC began coverage on Full Truck Alliance in a research note on Wednesday, February 26th. They set a "buy" rating and a $18.00 price target for the company. 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 note on Monday, March 10th. Finally, Hsbc Global Res raised Full Truck Alliance to a "strong-buy" rating in a research note on Wednesday, February 26th. Two equities research 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 stock. According to MarketBeat.com, the company currently 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.