Price T Rowe Associates Inc. MD Sells 348,828 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Price T Rowe Associates Inc. MD reduced its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 33.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 697,661 shares of the company's stock after selling 348,828 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.07% of Full Truck Alliance worth $7,549,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in YMM. IMC Chicago LLC acquired a new stake in Full Truck Alliance in the 4th quarter worth $263,000. Barclays PLC acquired a new stake in Full Truck Alliance during the third quarter worth about $3,566,000. Maple Brown Abbott Ltd increased its stake in Full Truck Alliance by 104.8% during the fourth quarter. Maple Brown Abbott Ltd now owns 117,472 shares of the company's stock valued at $1,271,000 after acquiring an additional 60,100 shares during the period. Truist Financial Corp acquired a new position in Full Truck Alliance in the 4th quarter valued at approximately $143,000. Finally, Franklin Resources Inc. lifted its position in shares of Full Truck Alliance by 31.5% in the 3rd 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 period. Institutional investors and hedge funds own 39.02% of the company's stock.

Full Truck Alliance Price Performance

Shares of NYSE:YMM traded down $0.47 during trading on Wednesday, reaching $11.63. The stock had a trading volume of 5,042,038 shares, compared to its average volume of 9,165,568. The stock has a market capitalization of $12.16 billion, a PE ratio of 27.68 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. The business's 50-day moving average price is $11.83 and its 200 day moving average price is $11.05.

Full Truck Alliance Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on YMM. Industrial Alliance Securities set a $18.00 target price on Full Truck Alliance in a research note on Thursday, March 6th. JPMorgan Chase & Co. cut shares of 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 research note on Monday, April 14th. Barclays raised their price target on shares of 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. HSBC initiated coverage on Full Truck Alliance in a research note on Wednesday, February 26th. They issued a "buy" rating and a $18.00 price objective on the stock. Finally, Hsbc Global Res raised Full Truck Alliance to a "strong-buy" rating in a research note on Wednesday, February 26th. Two analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $14.80.

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.