Triata Capital Ltd Invests $760,000 in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Triata Capital Ltd purchased a new stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 70,283 shares of the company's stock, valued at approximately $760,000. Full Truck Alliance accounts for approximately 0.3% of Triata Capital Ltd's holdings, making the stock its 11th biggest position.

Several other hedge funds and other institutional investors also recently modified their holdings of YMM. FIL Ltd grew its holdings in Full Truck Alliance by 83.0% in the fourth quarter. FIL Ltd now owns 51,730,620 shares of the company's stock worth $559,725,000 after purchasing an additional 23,468,794 shares during the period. Aspex Management HK Ltd purchased a new stake in Full Truck Alliance in the fourth quarter worth about $164,557,000. JPMorgan Chase & Co. grew its holdings in Full Truck Alliance by 37.8% in 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 period. Norges Bank purchased a new stake in Full Truck Alliance in the fourth quarter worth about $101,649,000. Finally, Empower Harvest Management Services Inc. purchased a new stake in Full Truck Alliance in the fourth quarter worth about $97,058,000. Hedge funds and other institutional investors own 39.02% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on YMM shares. Barclays upped their price objective on shares of Full Truck Alliance from $7.00 to $13.00 and gave the stock an "equal weight" rating in a report on Monday, March 10th. Hsbc Global Res upgraded shares of Full Truck Alliance to a "strong-buy" rating in a report on Wednesday, February 26th. HSBC assumed coverage on shares of Full Truck Alliance in a report on Wednesday, February 26th. They set a "buy" rating and a $18.00 price target on the stock. JPMorgan Chase & Co. cut shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and cut their price target for the company from $18.00 to $10.00 in a report on Monday, April 14th. Finally, Industrial Alliance Securities set a $18.00 price target on shares of Full Truck Alliance in a report on Thursday, March 6th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $14.80.

Full Truck Alliance Price Performance

Full Truck Alliance stock traded down $0.15 during midday trading on Wednesday, reaching $11.94. 10,875,985 shares of the company traded hands, compared to its average volume of 9,099,946. The firm 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 50 day moving average of $11.77 and a two-hundred day moving average of $11.27. Full Truck Alliance Co. Ltd. has a 12 month low of $6.66 and a 12 month high of $13.85.

Full Truck Alliance Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Thursday, April 17th. Investors of record on Monday, April 7th were given a dividend of $0.1444 per share. This is an increase from Full Truck Alliance's previous annual dividend of $0.14. The ex-dividend date of this dividend was Monday, April 7th. This represents a yield of 0.9%. Full Truck Alliance's dividend payout ratio is 39.02%.

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.