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 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 changing hands.

Analyst Ratings Changes

A number of analysts have issued reports on the company. HSBC assumed coverage on Full Truck Alliance in a research note on Wednesday, February 26th. They issued a "buy" rating and a $18.00 price target on the stock. Industrial Alliance Securities set a $18.00 target price on Full Truck Alliance in a research report on Thursday, March 6th. Citigroup reduced their price target on shares of Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Barclays increased their target price on shares of Full Truck Alliance from $7.00 to $13.00 and gave the stock an "equal weight" rating in a report on Monday, March 10th. Finally, Hsbc Global Res upgraded Full Truck Alliance to a "strong-buy" rating in a research report on Wednesday, February 26th. Two investment 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 company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $15.00.

Full Truck Alliance Stock Performance

The firm has a market cap of $12.18 billion, a price-to-earnings ratio of 27.74 and a beta of 0.20. The business's 50-day moving average is $11.50 and its 200-day moving average is $11.43.

Full Truck Alliance Increases Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, April 17th. Investors of record on Monday, April 7th were issued a dividend of $0.1444 per share. This is a boost from Full Truck Alliance's previous annual dividend of $0.14. The ex-dividend date was Monday, April 7th. This represents a yield of 0.9%. Full Truck Alliance's dividend payout ratio is presently 32.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of YMM. Atlas Capital Advisors Inc. acquired a new stake in Full Truck Alliance during the first quarter worth approximately $29,000. Brooklyn Investment Group boosted its position in shares of Full Truck Alliance by 495.4% during the 1st quarter. Brooklyn Investment Group now owns 2,459 shares of the company's stock worth $31,000 after acquiring an additional 2,046 shares in the last quarter. US Bancorp DE acquired a new stake in shares of Full Truck Alliance in the 1st quarter valued at $40,000. Summit Securities Group LLC lifted its position in shares of Full Truck Alliance by 1,466.6% during the 1st 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 last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Full Truck Alliance in the fourth quarter valued at about $64,000. 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.