Trexquant Investment LP Purchases 305,672 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Trexquant Investment LP lifted its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 324.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 399,891 shares of the company's stock after buying an additional 305,672 shares during the period. Trexquant Investment LP's holdings in Full Truck Alliance were worth $4,327,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in Full Truck Alliance in the 4th quarter valued at about $64,000. Truist Financial Corp purchased a new position in Full Truck Alliance during the fourth quarter valued at approximately $143,000. Savant Capital LLC acquired a new position in Full Truck Alliance in the 4th quarter valued at approximately $194,000. O Shaughnessy Asset Management LLC lifted its position in 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 worth $221,000 after buying an additional 3,442 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Full Truck Alliance by 2,104.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 21,145 shares of the company's stock valued at $229,000 after acquiring an additional 20,186 shares in the last quarter. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Trading Down 3.4 %

NYSE:YMM traded down $0.36 during mid-day trading on Thursday, hitting $10.15. 4,240,525 shares of the company's stock traded hands, compared to its average volume of 9,068,001. The firm has a market capitalization of $10.69 billion, a price-to-earnings ratio of 24.16 and a beta of 0.19. Full Truck Alliance Co. Ltd. has a 12 month low of $6.66 and a 12 month high of $13.85. The firm has a 50 day moving average of $12.31 and a two-hundred day moving average of $10.83.

Full Truck Alliance Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, April 7th will be issued a dividend of $0.1444 per share. The ex-dividend date is Monday, April 7th. This is a boost from Full Truck Alliance's previous annual dividend of $0.14. This represents a dividend yield of 0.9%. Full Truck Alliance's dividend payout ratio (DPR) is presently 39.02%.

Wall Street Analyst Weigh In

YMM has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised Full Truck Alliance from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $13.00 to $18.00 in a research note on Thursday, March 6th. HSBC began coverage on shares of Full Truck Alliance in a research note on Wednesday, February 26th. They issued a "buy" rating and a $18.00 target price for the company. Hsbc Global Res upgraded shares of Full Truck Alliance to a "strong-buy" rating in a research note on Wednesday, February 26th. Barclays lifted their price objective on shares of Full Truck Alliance from $7.00 to $13.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Finally, Industrial Alliance Securities set a $18.00 target price on Full Truck Alliance in a report on Thursday, March 6th. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $16.40.

About Full Truck Alliance

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.