Full Truck Alliance Co. Ltd. (NYSE:YMM) Stock Holdings Lowered by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 63.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,929,824 shares of the company's stock after selling 4,995,133 shares during the period. Janus Henderson Group PLC owned approximately 0.28% of Full Truck Alliance worth $31,690,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of YMM. Barclays PLC purchased a new position in Full Truck Alliance in the 3rd quarter valued at about $3,566,000. Franklin Resources Inc. increased its position in shares of Full Truck Alliance by 31.5% during the third quarter. Franklin Resources Inc. now owns 277,966 shares of the company's stock worth $2,613,000 after acquiring an additional 66,638 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in shares of Full Truck Alliance in the fourth quarter worth about $2,511,000. Maple Brown Abbott Ltd boosted its holdings in Full Truck Alliance by 104.8% in the fourth quarter. Maple Brown Abbott Ltd now owns 117,472 shares of the company's stock valued at $1,271,000 after purchasing an additional 60,100 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Full Truck Alliance by 120.9% in the fourth quarter. Blue Trust Inc. now owns 22,090 shares of the company's stock valued at $239,000 after purchasing an additional 12,091 shares during the last quarter. Institutional investors and hedge funds own 39.02% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on YMM shares. Hsbc Global Res upgraded Full Truck Alliance to a "strong-buy" rating in a report on Wednesday, February 26th. HSBC assumed coverage on shares of Full Truck Alliance in a research report on Wednesday, February 26th. They set a "buy" rating and a $18.00 price target for the company. JPMorgan Chase & Co. cut shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and cut their price target for the company from $18.00 to $10.00 in a report on Monday, April 14th. Industrial Alliance Securities set a $18.00 price objective on shares of Full Truck Alliance in a research note on Thursday, March 6th. Finally, Barclays raised 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 report on Monday, March 10th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Full Truck Alliance currently has an average rating of "Moderate Buy" and an average target price of $14.80.

Full Truck Alliance Stock Performance

Shares of NYSE YMM traded down $0.15 during trading on Tuesday, reaching $12.09. The stock had a trading volume of 3,293,866 shares, compared to its average volume of 9,117,708. The stock has a market cap of $12.64 billion, a PE ratio of 28.77 and a beta of 0.20. Full Truck Alliance Co. Ltd. has a one year low of $6.66 and a one year high of $13.85. The firm's 50 day moving average price is $11.78 and its two-hundred day moving average price is $11.26.

Full Truck Alliance Increases Dividend

The firm also recently declared an annual dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, April 7th were issued a $0.1444 dividend. The ex-dividend date was Monday, April 7th. This is a positive change 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 39.02%.

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.