Oasis Management Co Ltd. acquired a new position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 50,000 shares of the company's stock, valued at approximately $541,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of YMM. FIL Ltd boosted its holdings 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 in the last quarter. Aspex Management HK Ltd purchased a new stake in shares of Full Truck Alliance in the 4th quarter worth about $164,557,000. JPMorgan Chase & Co. grew 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 acquiring an additional 10,383,716 shares during the last quarter. Norges Bank purchased a new position in Full Truck Alliance during the 4th quarter valued at about $101,649,000. Finally, Empower Harvest Management Services Inc. acquired a new position in Full Truck Alliance during the fourth quarter worth about $97,058,000. 39.02% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the stock. Hsbc Global Res raised shares of Full Truck Alliance to a "strong-buy" rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. cut Full Truck Alliance from an "overweight" rating to a "neutral" rating and lowered their target price 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 Full Truck Alliance in a research report on Thursday, March 6th. HSBC initiated coverage on shares of Full Truck Alliance in a research report on Wednesday, February 26th. They issued a "buy" rating and a $18.00 price objective for the company. Finally, Barclays increased their price target 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. Two 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $14.80.
Check Out Our Latest Report on Full Truck Alliance
Full Truck Alliance Price Performance
Shares of YMM stock opened at $12.60 on Tuesday. The business has a 50 day simple moving average of $11.81 and a 200 day simple moving average of $11.14. The firm has a market capitalization of $13.17 billion, a price-to-earnings ratio of 29.99 and a beta of 0.20. Full Truck Alliance Co. Ltd. has a 12-month low of $6.66 and a 12-month high of $13.85.
Full Truck Alliance Increases Dividend
The business also recently disclosed 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 boost from Full Truck Alliance's previous annual dividend of $0.14. This represents a dividend yield of 0.9%. Full Truck Alliance's dividend payout ratio (DPR) is 39.02%.
Full Truck Alliance Profile
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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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