Ameriprise Financial Inc. Buys 1,042,081 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Ameriprise Financial Inc. grew its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 37.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,804,467 shares of the company's stock after purchasing an additional 1,042,081 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.36% of Full Truck Alliance worth $41,164,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. FIL Ltd lifted its position in shares of 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 purchasing an additional 23,468,794 shares during the last quarter. JPMorgan Chase & Co. lifted 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 acquiring an additional 10,383,716 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Full Truck Alliance by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 28,943,043 shares of the company's stock valued at $313,164,000 after buying an additional 295,301 shares during the last quarter. Greenwoods Asset Management Hong Kong Ltd. raised its holdings in shares of Full Truck Alliance by 7.4% during the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 26,019,803 shares of the company's stock valued at $281,534,000 after buying an additional 1,802,420 shares during the last quarter. Finally, Aspex Management HK Ltd acquired a new position in shares of Full Truck Alliance during the fourth quarter valued at approximately $164,557,000. Hedge funds and other institutional investors own 39.02% of the company's stock.

Full Truck Alliance Stock Down 1.2%

NYSE YMM traded down $0.16 during trading hours on Friday, hitting $12.33. The company's stock had a trading volume of 1,667,819 shares, compared to its average volume of 9,187,161. The stock has a fifty day moving average of $11.79 and a 200 day moving average of $11.19. Full Truck Alliance Co. Ltd. has a twelve month low of $6.66 and a twelve month high of $13.85. The firm has a market capitalization of $12.89 billion, a P/E ratio of 29.35 and a beta of 0.20.

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. The ex-dividend date was Monday, April 7th. This is a positive change 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 39.02%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $18.00 to $10.00 in a research report on Monday, April 14th. Hsbc Global Res raised shares of Full Truck Alliance to a "strong-buy" rating in a research note on Wednesday, February 26th. HSBC began coverage on shares of Full Truck Alliance in a research report on Wednesday, February 26th. They set a "buy" rating and a $18.00 target price for the company. Industrial Alliance Securities set a $18.00 price objective on shares of Full Truck Alliance in a report on Thursday, March 6th. Finally, Barclays boosted 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. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $14.80.

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.