Tidal Investments LLC trimmed its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 16.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 116,670 shares of the company's stock after selling 22,927 shares during the period. Tidal Investments LLC's holdings in Full Truck Alliance were worth $1,262,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FIL Ltd grew its holdings in Full Truck Alliance by 83.0% during the fourth quarter. FIL Ltd now owns 51,730,620 shares of the company's stock worth $559,725,000 after acquiring an additional 23,468,794 shares during the period. Aspex Management HK Ltd acquired a new stake in shares of Full Truck Alliance during the 4th quarter worth approximately $164,557,000. JPMorgan Chase & Co. lifted its stake in shares of Full Truck Alliance by 37.8% in the 4th quarter. JPMorgan Chase & Co. now owns 37,875,367 shares of the company's stock valued at $409,811,000 after purchasing an additional 10,383,716 shares during the period. Norges Bank purchased a new stake in Full Truck Alliance during the fourth quarter worth $101,649,000. Finally, Empower Harvest Management Services Inc. acquired a new stake in Full Truck Alliance during the fourth quarter valued at $97,058,000. 39.02% of the stock is owned by institutional investors and hedge funds.
Full Truck Alliance Stock Down 4.5%
NYSE:YMM traded down $0.55 on Friday, reaching $11.62. 2,467,149 shares of the company's stock were exchanged, compared to its average volume of 8,951,263. The business has a fifty day moving average of $11.52 and a 200-day moving average of $11.38. Full Truck Alliance Co. Ltd. has a 52-week low of $6.66 and a 52-week high of $13.85. The firm has a market capitalization of $12.15 billion, a price-to-earnings ratio of 27.70 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. Shareholders of record on Monday, April 7th were paid a $0.1444 dividend. The ex-dividend date of this dividend was Monday, April 7th. This is a boost from Full Truck Alliance's previous annual dividend of $0.14. This represents a yield of 0.9%. Full Truck Alliance's dividend payout ratio (DPR) is currently 32.00%.
Analyst Ratings Changes
Several research firms have recently issued reports on YMM. HSBC assumed coverage on Full Truck Alliance in a research report on Wednesday, February 26th. They set a "buy" rating and a $18.00 target price on the stock. Hsbc Global Res raised shares of Full Truck Alliance to a "strong-buy" rating in a report on Wednesday, February 26th. 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. Industrial Alliance Securities set a $18.00 price objective on Full Truck Alliance in a report on Thursday, March 6th. Finally, 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 report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Full Truck Alliance presently has an average rating of "Moderate Buy" and an average price target of $15.00.
Read Our Latest Report on Full Truck Alliance
About Full Truck Alliance
(
Free Report)
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.
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