Nomura Holdings Inc. trimmed its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 17.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 258,575 shares of the company's stock after selling 54,132 shares during the period. Nomura Holdings Inc.'s holdings in Full Truck Alliance were worth $2,798,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of YMM. Barclays PLC purchased a new stake in Full Truck Alliance in the 3rd quarter worth about $3,566,000. Franklin Resources Inc. raised its holdings in shares of Full Truck Alliance by 31.5% in the third quarter. Franklin Resources Inc. now owns 277,966 shares of the company's stock worth $2,613,000 after buying an additional 66,638 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in shares of Full Truck Alliance during the 4th quarter worth approximately $2,511,000. Maple Brown Abbott Ltd boosted its holdings in Full Truck Alliance by 104.8% during the 4th quarter. Maple Brown Abbott Ltd now owns 117,472 shares of the company's stock valued at $1,271,000 after acquiring an additional 60,100 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Full Truck Alliance by 120.9% during the 4th quarter. Blue Trust Inc. now owns 22,090 shares of the company's stock valued at $239,000 after acquiring an additional 12,091 shares during the period. Hedge funds and other institutional investors own 39.02% of the company's stock.
Full Truck Alliance Trading Down 4.9%
Shares of YMM traded down $0.59 during midday trading on Thursday, reaching $11.33. 4,822,085 shares of the stock were exchanged, compared to its average volume of 9,085,603. The company has a market capitalization of $11.84 billion, a P/E ratio of 26.99 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. The company's 50 day moving average is $11.75 and its two-hundred day moving average is $11.27.
Full Truck Alliance Increases Dividend
The firm also recently announced an annual dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, April 7th were issued a dividend of $0.1444 per share. This represents a yield of 0.9%. This is a boost 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 presently 39.02%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. JPMorgan Chase & Co. lowered Full Truck Alliance from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $18.00 to $10.00 in a research note on Monday, April 14th. Hsbc Global Res upgraded shares of Full Truck Alliance to a "strong-buy" rating in a report on Wednesday, February 26th. Barclays raised their price target on shares of Full Truck Alliance from $7.00 to $13.00 and gave the stock an "equal weight" rating in a research note on Monday, March 10th. Industrial Alliance Securities set a $18.00 price objective on shares of Full Truck Alliance in a research report on Thursday, March 6th. Finally, HSBC assumed 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 on the stock. Two 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $14.80.
Check Out Our Latest Research Report on YMM
Full Truck Alliance Company Profile
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Free Report)
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.
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