D. E. Shaw & Co. Inc. Has $8.99 Million Holdings in 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 its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 831,023 shares of the company's stock after purchasing an additional 81,389 shares during the period. D. E. Shaw & Co. Inc. owned 0.08% of Full Truck Alliance worth $8,992,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of YMM. SBI Securities Co. Ltd. acquired a new stake in Full Truck Alliance during the 4th quarter worth $64,000. Townsquare Capital LLC acquired a new position in shares of Full Truck Alliance in the 4th quarter valued at $111,000. Truist Financial Corp acquired a new position in shares of Full Truck Alliance in the 4th quarter valued at $143,000. Savant Capital LLC acquired a new position in shares of Full Truck Alliance in the 4th quarter valued at $194,000. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of Full Truck Alliance by 20.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 20,408 shares of the company's stock valued at $221,000 after buying an additional 3,442 shares during the period. Institutional investors own 39.02% of the company's stock.

Full Truck Alliance Trading Down 1.2%

Shares of Full Truck Alliance stock traded down $0.15 during trading hours on Friday, reaching $12.34. 4,056,139 shares of the company's stock were exchanged, compared to its average volume of 9,150,905. The company has a 50 day moving average of $11.79 and a two-hundred day moving average of $11.21. Full Truck Alliance Co. Ltd. has a fifty-two week low of $6.66 and a fifty-two week high of $13.85. The stock has a market cap of $12.90 billion, a P/E ratio of 29.37 and a beta of 0.20.

Full Truck Alliance Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, April 7th were paid a dividend of $0.1444 per share. This represents a dividend yield of 0.9%. 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. Full Truck Alliance's dividend payout ratio is currently 39.02%.

Analyst Ratings Changes

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

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.