Janus Henderson Group PLC Has $31.69 Million Stock Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

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

Several other large investors have also made changes to their positions in the company. FIL Ltd lifted its stake in Full Truck Alliance by 83.0% in the 4th quarter. FIL Ltd now owns 51,730,620 shares of the company's stock valued at $559,725,000 after purchasing an additional 23,468,794 shares during the last quarter. Aspex Management HK Ltd bought a new position in Full Truck Alliance in the 4th quarter valued at approximately $164,557,000. JPMorgan Chase & Co. lifted its stake in Full Truck Alliance by 37.8% in the 4th quarter. JPMorgan Chase & Co. now owns 37,875,367 shares of the company's stock valued at $409,811,000 after purchasing an additional 10,383,716 shares during the last quarter. Norges Bank bought a new position in Full Truck Alliance in the 4th quarter valued at approximately $101,649,000. Finally, Empower Harvest Management Services Inc. bought a new position in Full Truck Alliance in the 4th quarter valued at approximately $97,058,000. Institutional investors and hedge funds own 39.02% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on YMM shares. HSBC started coverage on shares of Full Truck Alliance in a research note on Wednesday, February 26th. They issued a "buy" rating and a $18.00 price objective for the company. Industrial Alliance Securities set a $18.00 price target on shares of Full Truck Alliance in a research note on Thursday, March 6th. Barclays raised their price target on shares of Full Truck Alliance from $7.00 to $13.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. JPMorgan Chase & Co. downgraded 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. Finally, Hsbc Global Res raised shares of Full Truck Alliance to a "strong-buy" rating in a research note on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $14.80.

Full Truck Alliance Stock Performance

YMM stock opened at $12.77 on Thursday. The company has a fifty day moving average price of $11.79 and a 200-day moving average price of $11.16. The company has a market capitalization of $13.36 billion, a P/E ratio of 30.41 and a beta of 0.20. Full Truck Alliance Co. Ltd. has a 52-week low of $6.66 and a 52-week high of $13.85.

Full Truck Alliance Increases Dividend

The company also recently announced an annual dividend, which was paid on Thursday, April 17th. Investors of record on Monday, April 7th were paid a dividend of $0.1444 per share. This represents a yield of 0.9%. The ex-dividend date of this dividend was Monday, April 7th. This is an increase from Full Truck Alliance's previous annual dividend of $0.14. Full Truck Alliance's dividend payout ratio (DPR) is currently 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.

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