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

Nuveen Asset Management LLC acquired a new stake in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Barclays PLC bought a new position in shares of Full Truck Alliance during the 3rd quarter valued at $3,566,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake 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 acquiring an additional 60,100 shares during the period. 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 acquiring an additional 12,091 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new stake in Full Truck Alliance during the fourth quarter valued at about $647,000. 39.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Barclays raised their price target on Full Truck Alliance from $7.00 to $13.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. HSBC began coverage on Full Truck Alliance in a research report on Wednesday, February 26th. They set a "buy" rating and a $18.00 price objective for the company. Industrial Alliance Securities set a $18.00 price objective on Full Truck Alliance in a research report on Thursday, March 6th. JPMorgan Chase & Co. lowered 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, Hsbc Global Res upgraded Full Truck Alliance to a "strong-buy" rating in a research report 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 data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.80.

Full Truck Alliance Price Performance

Shares of Full Truck Alliance stock traded down $0.15 during trading on Wednesday, reaching $11.94. 10,875,985 shares of the stock traded hands, compared to its average volume of 9,099,946. The company has a market capitalization of $12.49 billion, a price-to-earnings ratio of 28.42 and a beta of 0.20. The business has a fifty day simple moving average of $11.75 and a two-hundred day simple moving average of $11.27. 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. Investors of record on Monday, April 7th were given a $0.1444 dividend. The ex-dividend date was Monday, April 7th. This represents a yield of 0.9%. This is a positive change from Full Truck Alliance's previous annual dividend of $0.14. Full Truck Alliance's dividend payout ratio (DPR) is currently 39.02%.

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.