D. E. Shaw & Co. Inc. Buys 81,389 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

D. E. Shaw & Co. Inc. increased its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 831,023 shares of the company's stock after acquiring an additional 81,389 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.08% of Full Truck Alliance worth $8,992,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. IMC Chicago LLC acquired a new position in shares of Full Truck Alliance during the 4th quarter valued at about $263,000. Barclays PLC purchased a new stake in shares of Full Truck Alliance during the 3rd quarter worth approximately $3,566,000. Maple Brown Abbott Ltd lifted its stake in Full Truck Alliance by 104.8% in the fourth quarter. Maple Brown Abbott Ltd now owns 117,472 shares of the company's stock valued at $1,271,000 after buying an additional 60,100 shares during the last quarter. Truist Financial Corp acquired a new stake in shares of Full Truck Alliance during the 4th quarter valued at approximately $143,000. Finally, Franklin Resources Inc. increased its holdings in Full Truck Alliance by 31.5% during the 3rd quarter. Franklin Resources Inc. now owns 277,966 shares of the company's stock valued at $2,613,000 after acquiring an additional 66,638 shares in the last quarter. 39.02% of the stock is owned by institutional investors and hedge funds.

Full Truck Alliance Price Performance

Full Truck Alliance stock traded down $0.14 during mid-day trading on Tuesday, hitting $12.10. The company's stock had a trading volume of 2,907,667 shares, compared to its average volume of 9,116,592. Full Truck Alliance Co. Ltd. has a 52-week low of $6.66 and a 52-week high of $13.85. The company has a market cap of $12.65 billion, a PE ratio of 28.77 and a beta of 0.20. The firm's 50 day moving average is $11.78 and its 200 day moving average is $11.26.

Full Truck Alliance Increases Dividend

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

Wall Street Analyst Weigh In

YMM has been the subject of several analyst reports. Hsbc Global Res upgraded Full Truck Alliance to a "strong-buy" rating in a report on Wednesday, February 26th. Barclays boosted their price target on Full Truck Alliance from $7.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. JPMorgan Chase & Co. lowered Full Truck Alliance from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $18.00 to $10.00 in a research report on Monday, April 14th. Industrial Alliance Securities set a $18.00 price objective on shares of Full Truck Alliance in a research note on Thursday, March 6th. Finally, HSBC assumed coverage on Full Truck Alliance in a report on Wednesday, February 26th. They issued a "buy" rating and a $18.00 price target for the company. Two 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's stock. Based on data from MarketBeat, Full Truck Alliance presently has an average rating of "Moderate Buy" and a consensus 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.