Sylebra Capital LLC Buys 4,184,065 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Sylebra Capital LLC raised its position in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 64.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,693,280 shares of the company's stock after acquiring an additional 4,184,065 shares during the period. Full Truck Alliance makes up approximately 3.2% of Sylebra Capital LLC's holdings, making the stock its 9th biggest holding. Sylebra Capital LLC owned 1.01% of Full Truck Alliance worth $115,701,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. FIL Ltd grew its holdings in shares of Full Truck Alliance by 83.0% during the fourth quarter. FIL Ltd now owns 51,730,620 shares of the company's stock valued at $559,725,000 after buying an additional 23,468,794 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Full Truck Alliance by 37.8% during the fourth quarter. JPMorgan Chase & Co. now owns 37,875,367 shares of the company's stock worth $409,811,000 after purchasing an additional 10,383,716 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Full Truck Alliance by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 28,943,043 shares of the company's stock worth $313,164,000 after purchasing an additional 295,301 shares during the last quarter. Greenwoods Asset Management Hong Kong Ltd. raised its holdings in shares of Full Truck Alliance by 7.4% during the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 26,019,803 shares of the company's stock worth $281,534,000 after purchasing an additional 1,802,420 shares during the last quarter. Finally, Aspex Management HK Ltd purchased a new position in Full Truck Alliance in the fourth quarter valued at $164,557,000. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Full Truck Alliance Trading Up 2.9%

Shares of Full Truck Alliance stock traded up $0.35 during mid-day trading on Wednesday, hitting $12.13. 5,012,640 shares of the stock were exchanged, compared to its average volume of 9,025,442. Full Truck Alliance Co. Ltd. has a twelve month low of $6.66 and a twelve month high of $13.85. The stock has a market capitalization of $12.68 billion, a price-to-earnings ratio of 28.89 and a beta of 0.20. The company has a 50-day simple moving average of $11.57 and a 200 day simple moving average of $11.36.

Full Truck Alliance Increases Dividend

The company also recently declared an annual dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, April 7th were paid a dividend of $0.1444 per share. This is a boost from Full Truck Alliance's previous annual dividend of $0.14. This represents a dividend 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%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on YMM shares. JPMorgan Chase & Co. lowered shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $18.00 to $10.00 in a research report on Monday, April 14th. HSBC started coverage on shares of Full Truck Alliance in a research report on Wednesday, February 26th. They issued a "buy" rating and a $18.00 target price on the stock. Barclays lifted their target price 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. Hsbc Global Res upgraded shares of Full Truck Alliance to a "strong-buy" rating in a research report on Wednesday, February 26th. Finally, Citigroup lowered their price target on shares of Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $15.00.

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.