Full Truck Alliance (NYSE:YMM) Shares Gap Down - Should You Sell?

Full Truck Alliance Co. Ltd. (NYSE:YMM - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $12.16, but opened at $11.76. Full Truck Alliance shares last traded at $11.58, with a volume of 1,119,816 shares trading hands.

Analysts Set New Price Targets

Several analysts have recently weighed in on YMM shares. JPMorgan Chase & Co. cut shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $18.00 to $10.00 in a research note on Monday, April 14th. Barclays increased their price objective on 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. Hsbc Global Res upgraded Full Truck Alliance to a "strong-buy" rating in a research report on Wednesday, February 26th. HSBC began coverage on Full Truck Alliance in a report on Wednesday, February 26th. They set a "buy" rating and a $18.00 price target for the company. Finally, Industrial Alliance Securities set a $18.00 price objective on Full Truck Alliance in a research report on Thursday, March 6th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $15.00.

Full Truck Alliance Trading Up 0.4%

The stock has a market cap of $12.39 billion, a price-to-earnings ratio of 28.21 and a beta of 0.20. The company's fifty day moving average is $11.47 and its two-hundred day moving average is $11.47.

Full Truck Alliance Increases Dividend

The company 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. The ex-dividend date was 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 payout ratio is presently 32.00%.

Hedge Funds Weigh In On Full Truck Alliance

Hedge funds have recently bought and sold shares of the company. Atlas Capital Advisors Inc. purchased a new position in Full Truck Alliance in the first quarter valued at $29,000. Brooklyn Investment Group boosted its stake in shares of Full Truck Alliance by 495.4% in the 1st quarter. Brooklyn Investment Group now owns 2,459 shares of the company's stock valued at $31,000 after buying an additional 2,046 shares during the period. US Bancorp DE acquired a new position in shares of Full Truck Alliance during the first quarter worth about $40,000. SBI Securities Co. Ltd. purchased a new stake in shares of Full Truck Alliance during the fourth quarter worth approximately $64,000. Finally, Summit Securities Group LLC increased its stake in shares of Full Truck Alliance by 1,466.6% during the first quarter. Summit Securities Group LLC now owns 5,013 shares of the company's stock worth $64,000 after buying an additional 4,693 shares during the period. Institutional investors and hedge funds own 39.02% of the company's stock.

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.