Full Truck Alliance (NYSE:YMM) Shares Gap Down - Time to Sell?

Full Truck Alliance Co. Ltd. (NYSE:YMM - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $12.53, but opened at $11.33. Full Truck Alliance shares last traded at $11.19, with a volume of 3,654,701 shares.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on YMM. HSBC started coverage on Full Truck Alliance in a research report on Wednesday, February 26th. They issued a "buy" rating and a $18.00 price target for the company. JPMorgan Chase & Co. upgraded shares of Full Truck Alliance from a "neutral" rating to an "overweight" rating and increased their price target for the company from $13.00 to $18.00 in a research report on Thursday, March 6th. Barclays lifted 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 raised Full Truck Alliance to a "strong-buy" rating in a research report on Wednesday, February 26th. Finally, Citigroup upped their price objective on Full Truck Alliance from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $16.40.

Full Truck Alliance Stock Performance

The company has a market capitalization of $11.01 billion, a price-to-earnings ratio of 24.87 and a beta of 0.19. The company has a fifty day simple moving average of $12.35 and a two-hundred day simple moving average of $10.81.

Full Truck Alliance Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, April 7th will be given a dividend of $0.1444 per share. The ex-dividend date is Monday, April 7th. This is an increase from Full Truck Alliance's previous annual dividend of $0.14. This represents a yield of 0.9%. Full Truck Alliance's dividend payout ratio is 39.02%.

Institutional Trading of Full Truck Alliance

Several hedge funds and other institutional investors have recently added to or reduced their stakes in YMM. SBI Securities Co. Ltd. acquired a new stake in shares of Full Truck Alliance in the fourth quarter worth approximately $64,000. Townsquare Capital LLC acquired a new position in shares of Full Truck Alliance in the 4th quarter valued at $111,000. Wolverine Trading LLC purchased a new stake in shares of Full Truck Alliance during the 4th quarter valued at $115,000. Vise Technologies Inc. acquired a new stake in shares of Full Truck Alliance during the 4th quarter worth $130,000. Finally, Truist Financial Corp purchased a new position in shares of Full Truck Alliance in the 4th quarter worth $143,000. Hedge funds and other institutional investors 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.