Nomura Holdings Inc. cut its holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 17.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of YMM. IMC Chicago LLC purchased a new position in shares of Full Truck Alliance during the fourth quarter worth about $263,000. Barclays PLC purchased a new position in shares of Full Truck Alliance during the third quarter worth about $3,566,000. Maple Brown Abbott Ltd grew its holdings in shares of Full Truck Alliance by 104.8% during the fourth quarter. Maple Brown Abbott Ltd now owns 117,472 shares of the company's stock worth $1,271,000 after purchasing an additional 60,100 shares during the last quarter. Truist Financial Corp purchased a new position in shares of Full Truck Alliance during the fourth quarter worth about $143,000. Finally, Franklin Resources Inc. grew its holdings in shares of Full Truck Alliance by 31.5% during the third quarter. Franklin Resources Inc. now owns 277,966 shares of the company's stock worth $2,613,000 after purchasing an additional 66,638 shares during the last quarter. 39.02% of the stock is currently owned by institutional investors and hedge funds.
Full Truck Alliance Stock Down 1.2%
NYSE YMM opened at $12.34 on Friday. Full Truck Alliance Co. Ltd. has a 52-week low of $6.66 and a 52-week high of $13.85. The business's 50-day moving average price is $11.79 and its 200 day moving average price is $11.21. The firm 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 company also recently disclosed an annual dividend, which was paid on Thursday, April 17th. Investors of record on Monday, April 7th were given a $0.1444 dividend. The ex-dividend date was Monday, April 7th. This represents a yield of 0.9%. This is an increase from Full Truck Alliance's previous annual dividend of $0.14. Full Truck Alliance's dividend payout ratio (DPR) is presently 39.02%.
Analyst Ratings Changes
Several brokerages have issued reports on YMM. Barclays raised their price objective on Full Truck Alliance from $7.00 to $13.00 and gave the stock an "equal weight" rating in a report on Monday, March 10th. Hsbc Global Res raised Full Truck Alliance to a "strong-buy" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. lowered Full Truck Alliance from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $18.00 to $10.00 in a report on Monday, April 14th. Industrial Alliance Securities set a $18.00 price target on Full Truck Alliance in a report on Thursday, March 6th. Finally, HSBC started coverage on Full Truck Alliance in a report on Wednesday, February 26th. They set a "buy" rating and a $18.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $14.80.
Check Out Our Latest Research Report on YMM
About Full Truck Alliance
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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.
Further Reading
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