First Trust Advisors LP Invests $752,000 in Full Truck Alliance Co. Ltd. (NYSE:YMM)

First Trust Advisors LP purchased a new stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 69,526 shares of the company's stock, valued at approximately $752,000.

A number of other large investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in shares of Full Truck Alliance in the fourth quarter worth about $64,000. Townsquare Capital LLC bought a new stake in shares of Full Truck Alliance in the fourth quarter worth about $111,000. Truist Financial Corp bought a new stake in shares of Full Truck Alliance in the fourth quarter worth about $143,000. Savant Capital LLC bought a new stake in shares of Full Truck Alliance in the fourth quarter worth about $194,000. Finally, O Shaughnessy Asset Management LLC grew its stake in shares of Full Truck Alliance by 20.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 20,408 shares of the company's stock worth $221,000 after purchasing an additional 3,442 shares during the last quarter. Hedge funds and other institutional investors own 39.02% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on YMM shares. 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. 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 report on Monday, March 10th. HSBC began coverage on Full Truck Alliance in a research report on Wednesday, February 26th. They set a "buy" rating and a $18.00 price objective on the stock. Hsbc Global Res raised Full Truck Alliance to a "strong-buy" rating in a research report on Wednesday, February 26th. Finally, Industrial Alliance Securities set a $18.00 price objective on Full Truck Alliance in a research report on Thursday, March 6th. 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 an average rating of "Moderate Buy" and an average target price of $14.80.

Full Truck Alliance Price Performance

NYSE YMM traded up $1.10 during mid-day trading on Monday, reaching $12.60. The stock had a trading volume of 13,004,563 shares, compared to its average volume of 9,205,516. Full Truck Alliance Co. Ltd. has a 1 year low of $6.66 and a 1 year high of $13.85. The stock has a market cap of $13.17 billion, a PE ratio of 29.99 and a beta of 0.20. The company has a fifty day moving average price of $11.82 and a 200 day moving average price of $11.12.

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. This is a positive change from Full Truck Alliance's previous annual dividend of $0.14. This represents a yield of 0.9%. The ex-dividend date was Monday, April 7th. Full Truck Alliance's payout ratio is presently 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.