Full Truck Alliance (NYSE:YMM) Trading 5.7% Higher - Time to Buy?

Full Truck Alliance Co. Ltd. (NYSE:YMM - Get Free Report)'s share price shot up 5.7% on Wednesday . The stock traded as high as $12.47 and last traded at $12.46. 2,228,026 shares changed hands during trading, a decline of 75% from the average session volume of 9,016,520 shares. The stock had previously closed at $11.78.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on YMM shares. JPMorgan Chase & Co. downgraded shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $18.00 to $10.00 in a report on Monday, April 14th. Barclays upped their target price on Full Truck Alliance from $7.00 to $13.00 and gave the stock an "equal weight" rating in a research note on Monday, March 10th. HSBC started coverage on Full Truck Alliance in a report on Wednesday, February 26th. They issued a "buy" rating and a $18.00 price target for the company. Hsbc Global Res raised shares of Full Truck Alliance to a "strong-buy" rating in a report on Wednesday, February 26th. Finally, Citigroup dropped 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. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Full Truck Alliance currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.00.

Full Truck Alliance Price Performance

The firm has a 50 day moving average price of $11.57 and a 200-day moving average price of $11.36. The firm has a market capitalization of $12.68 billion, a price-to-earnings ratio of 28.89 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. Shareholders of record on Monday, April 7th were issued a dividend of $0.1444 per share. The ex-dividend date was Monday, April 7th. This represents a yield of 0.9%. This is a boost from Full Truck Alliance's previous annual dividend of $0.14. Full Truck Alliance's dividend payout ratio (DPR) is presently 32.00%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in YMM. Atlas Capital Advisors Inc. purchased a new stake in Full Truck Alliance during the first quarter worth $29,000. Brooklyn Investment Group lifted its stake in shares of Full Truck Alliance by 495.4% during the first 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 purchased a new stake in shares of Full Truck Alliance in the first quarter valued at $40,000. Summit Securities Group LLC increased its stake in Full Truck Alliance by 1,466.6% in the first quarter. Summit Securities Group LLC now owns 5,013 shares of the company's stock valued at $64,000 after purchasing an additional 4,693 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Full Truck Alliance during the fourth quarter worth 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.

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