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

Triata Capital Ltd bought a new position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 70,283 shares of the company's stock, valued at approximately $760,000. Full Truck Alliance makes up about 0.3% of Triata Capital Ltd's holdings, making the stock its 11th biggest holding.

Other large investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in shares of Full Truck Alliance during the 4th quarter worth $64,000. Townsquare Capital LLC acquired a new stake in Full Truck Alliance during the fourth quarter worth about $111,000. Truist Financial Corp purchased a new position in Full Truck Alliance during the fourth quarter worth about $143,000. Jasper Ridge Partners L.P. acquired a new position in Full Truck Alliance in the 4th quarter valued at about $149,000. Finally, Savant Capital LLC acquired a new position in Full Truck Alliance in the 4th quarter valued at about $194,000. Hedge funds and other institutional investors own 39.02% of the company's stock.

Full Truck Alliance Stock Down 0.3%

NYSE YMM traded down $0.04 during trading hours on Friday, hitting $11.11. 4,434,426 shares of the company were exchanged, compared to its average volume of 9,104,023. The company has a 50 day moving average of $11.70 and a two-hundred day moving average of $11.29. The firm has a market cap of $11.61 billion, a price-to-earnings ratio of 26.46 and a beta of 0.20. 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 company also recently announced an annual dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, April 7th were issued a $0.1444 dividend. This is a positive change 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%.

Wall Street Analyst Weigh In

YMM has been the subject of a number of recent analyst reports. Citigroup cut their price target on shares of Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating for the company in a report on Thursday. JPMorgan Chase & Co. cut Full Truck Alliance from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $18.00 to $10.00 in a research note on Monday, April 14th. Hsbc Global Res upgraded Full Truck Alliance to a "strong-buy" rating in a research report on Wednesday, February 26th. Barclays increased their price target on Full Truck Alliance from $7.00 to $13.00 and gave the stock an "equal weight" rating in a report on Monday, March 10th. Finally, Industrial Alliance Securities set a $18.00 target price on shares of Full Truck Alliance in a research report on Thursday, March 6th. Two equities research 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 company's stock. According to MarketBeat.com, the stock has an average 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.