Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Acquired by KEYWISE CAPITAL MANAGEMENT HK Ltd

KEYWISE CAPITAL MANAGEMENT HK Ltd lifted its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 25,877.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,234,400 shares of the company's stock after purchasing an additional 4,218,100 shares during the period. Full Truck Alliance comprises about 3.8% of KEYWISE CAPITAL MANAGEMENT HK Ltd's investment portfolio, making the stock its 8th largest position. KEYWISE CAPITAL MANAGEMENT HK Ltd owned 0.40% of Full Truck Alliance worth $45,816,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in YMM. FIL Ltd grew its stake in shares of Full Truck Alliance by 83.0% during the 4th quarter. FIL Ltd now owns 51,730,620 shares of the company's stock worth $559,725,000 after purchasing an additional 23,468,794 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Full Truck Alliance by 37.8% during the 4th quarter. JPMorgan Chase & Co. now owns 37,875,367 shares of the company's stock worth $409,811,000 after acquiring an additional 10,383,716 shares during the period. Vanguard Group Inc. raised its holdings in shares of Full Truck Alliance by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 28,943,043 shares of the company's stock worth $313,164,000 after acquiring an additional 295,301 shares during the period. Greenwoods Asset Management Hong Kong Ltd. raised its holdings in shares of Full Truck Alliance by 7.4% during the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 26,019,803 shares of the company's stock worth $281,534,000 after acquiring an additional 1,802,420 shares during the period. Finally, Aspex Management HK Ltd purchased a new stake in Full Truck Alliance in the 4th quarter valued at about $164,557,000. 39.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

YMM has been the subject of a number of analyst reports. Barclays boosted 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. Industrial Alliance Securities set a $18.00 price objective on Full Truck Alliance in a research report on Thursday, March 6th. JPMorgan Chase & Co. cut 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 report on Monday, April 14th. HSBC assumed 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. Finally, Hsbc Global Res upgraded Full Truck Alliance to a "strong-buy" rating in a report on Wednesday, February 26th. Two research 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. According to MarketBeat, Full Truck Alliance currently has a consensus rating of "Moderate Buy" and an average target price of $14.80.

Full Truck Alliance Trading Down 1.2%

YMM traded down $0.15 during midday trading on Friday, reaching $12.34. The company's stock had a trading volume of 4,056,129 shares, compared to its average volume of 9,196,513. Full Truck Alliance Co. Ltd. has a twelve month low of $6.66 and a twelve month high of $13.85. The stock has a market cap of $12.90 billion, a P/E ratio of 29.37 and a beta of 0.20. The company has a fifty day simple moving average of $11.79 and a 200 day simple moving average of $11.19.

Full Truck Alliance Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, April 7th were paid a $0.1444 dividend. The ex-dividend date was Monday, April 7th. This represents a yield of 0.9%. This is a positive change from Full Truck Alliance's previous annual dividend of $0.14. Full Truck Alliance's payout ratio is currently 39.02%.

Full Truck Alliance 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.