Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Purchased by Sylebra Capital LLC

Sylebra Capital LLC boosted its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 64.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,693,280 shares of the company's stock after acquiring an additional 4,184,065 shares during the period. Full Truck Alliance accounts for about 3.2% of Sylebra Capital LLC's holdings, making the stock its 9th biggest position. Sylebra Capital LLC owned approximately 1.01% of Full Truck Alliance worth $115,701,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in YMM. SBI Securities Co. Ltd. acquired a new position in Full Truck Alliance during the fourth quarter worth $64,000. Townsquare Capital LLC acquired a new position in shares of Full Truck Alliance during the 4th quarter worth $111,000. Wolverine Trading LLC purchased a new position in shares of Full Truck Alliance in the 4th quarter valued at about $115,000. Truist Financial Corp purchased a new position in shares of Full Truck Alliance in the 4th quarter valued at about $143,000. Finally, Jasper Ridge Partners L.P. acquired a new stake in shares of Full Truck Alliance in the fourth quarter valued at about $149,000. Institutional investors and hedge funds own 39.02% of the company's stock.

Analyst Upgrades and Downgrades

YMM has been the topic of several research reports. HSBC assumed coverage on Full Truck Alliance in a report on Wednesday, February 26th. They issued a "buy" rating and a $18.00 target price on the stock. Barclays lifted their price objective 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 lowered their price target on Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating for the company in a report on Thursday, May 22nd. JPMorgan Chase & Co. downgraded shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $18.00 to $10.00 in a research note on Monday, April 14th. Finally, Hsbc Global Res raised shares of Full Truck Alliance to a "strong-buy" rating in a research report on Wednesday, February 26th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Full Truck Alliance presently has a consensus rating of "Moderate Buy" and an average target price of $15.00.

Full Truck Alliance Trading Up 5.9%

Shares of Full Truck Alliance stock traded up $0.66 on Tuesday, reaching $11.83. 7,308,119 shares of the company were exchanged, compared to its average volume of 9,041,668. Full Truck Alliance Co. Ltd. has a fifty-two week low of $6.66 and a fifty-two week high of $13.85. The firm has a market capitalization of $12.37 billion, a price-to-earnings ratio of 28.16 and a beta of 0.20. The stock has a fifty day moving average price of $11.60 and a 200-day moving average price of $11.35.

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 issued a $0.1444 dividend. The ex-dividend date was Monday, April 7th. This represents a yield of 0.9%. This is an increase 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.