Full Truck Alliance (NYSE:YMM) Shares Gap Down - What's Next?

Full Truck Alliance Co. Ltd. (NYSE:YMM - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $11.85, but opened at $11.36. Full Truck Alliance shares last traded at $11.66, with a volume of 556,435 shares traded.

Analyst Ratings Changes

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

Full Truck Alliance Stock Performance

The firm's fifty day moving average is $11.82 and its two-hundred day moving average is $11.05. The company has a market cap of $12.07 billion, a P/E ratio of 27.48 and a beta of 0.20.

Full Truck Alliance Increases Dividend

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

Institutional Investors Weigh In On Full Truck Alliance

Several hedge funds have recently made changes to their positions in the company. FIL Ltd raised its position in shares of Full Truck Alliance by 83.0% in the 4th quarter. FIL Ltd now owns 51,730,620 shares of the company's stock valued at $559,725,000 after purchasing an additional 23,468,794 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Full Truck Alliance by 37.8% in the 4th quarter. JPMorgan Chase & Co. now owns 37,875,367 shares of the company's stock valued at $409,811,000 after purchasing an additional 10,383,716 shares in the last quarter. Vanguard Group Inc. raised its position in Full Truck Alliance by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 28,943,043 shares of the company's stock worth $313,164,000 after acquiring an additional 295,301 shares during the period. Krane Funds Advisors LLC lifted its stake in shares of Full Truck Alliance by 23.2% in the first quarter. Krane Funds Advisors LLC now owns 26,207,165 shares of the company's stock worth $334,665,000 after buying an additional 4,931,028 shares in the last quarter. Finally, Greenwoods Asset Management Hong Kong Ltd. lifted its position in Full Truck Alliance by 7.4% during the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 26,019,803 shares of the company's stock worth $281,534,000 after buying an additional 1,802,420 shares in the last quarter. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

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.