Oasis Management Co Ltd. purchased a new stake in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 50,000 shares of the company's stock, valued at approximately $541,000.
Several other large investors have also modified their holdings of YMM. LMR Partners LLP boosted its position in Full Truck Alliance by 25.4% during the fourth quarter. LMR Partners LLP now owns 27,881 shares of the company's stock worth $302,000 after acquiring an additional 5,646 shares during the last quarter. Jasper Ridge Partners L.P. acquired a new stake in Full Truck Alliance during the fourth quarter worth approximately $149,000. KEYWISE CAPITAL MANAGEMENT HK Ltd boosted its position in Full Truck Alliance by 25,877.9% during the fourth quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 4,234,400 shares of the company's stock worth $45,816,000 after acquiring an additional 4,218,100 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in Full Truck Alliance by 10.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 831,023 shares of the company's stock worth $8,992,000 after acquiring an additional 81,389 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in Full Truck Alliance during the fourth quarter worth approximately $45,155,000. 39.02% of the stock is currently owned by institutional investors and hedge funds.
Full Truck Alliance Stock Performance
Shares of NYSE:YMM traded down $0.15 during midday trading on Friday, hitting $12.34. 4,056,139 shares of the company's stock traded hands, compared to its average volume of 9,150,905. The company has a market cap of $12.90 billion, a PE ratio of 29.37 and a beta of 0.20. The firm's fifty day moving average price is $11.79 and its two-hundred day moving average price is $11.22. Full Truck Alliance Co. Ltd. has a twelve month low of $6.66 and a twelve month high of $13.85.
Full Truck Alliance Increases Dividend
The firm also recently announced an annual dividend, which was paid on Thursday, April 17th. Investors of record on Monday, April 7th were issued a dividend of $0.1444 per share. This is a positive change from Full Truck Alliance's previous annual dividend of $0.14. The ex-dividend date of this dividend was Monday, April 7th. This represents a dividend yield of 0.9%. Full Truck Alliance's payout ratio is presently 39.02%.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on YMM. Hsbc Global Res upgraded shares of Full Truck Alliance to a "strong-buy" rating in a research report on Wednesday, February 26th. HSBC began coverage on shares of Full Truck Alliance in a report on Wednesday, February 26th. They issued a "buy" rating and a $18.00 price target on the stock. Barclays lifted 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 report on Monday, March 10th. Industrial Alliance Securities set a $18.00 price target on shares of Full Truck Alliance in a report on Thursday, March 6th. Finally, JPMorgan Chase & Co. lowered shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $18.00 to $10.00 in a report on Monday, April 14th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Full Truck Alliance has a consensus rating of "Moderate Buy" and an average price target of $14.80.
Check Out Our Latest Research Report on YMM
About Full Truck Alliance
(
Free Report)
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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