Prudential PLC Takes $263,000 Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Prudential PLC purchased a new stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 24,299 shares of the company's stock, valued at approximately $263,000.

Several other institutional investors and hedge funds have also bought and sold shares of YMM. SBI Securities Co. Ltd. bought a new position in shares of Full Truck Alliance in the fourth quarter worth approximately $64,000. Truist Financial Corp purchased a new stake in Full Truck Alliance during the 4th quarter valued at $143,000. Savant Capital LLC bought a new stake in shares of Full Truck Alliance in the 4th quarter worth $194,000. O Shaughnessy Asset Management LLC raised its stake in shares of Full Truck Alliance by 20.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 20,408 shares of the company's stock worth $221,000 after purchasing an additional 3,442 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Full Truck Alliance by 2,104.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 21,145 shares of the company's stock worth $229,000 after buying an additional 20,186 shares in the last quarter. Hedge funds and other institutional investors own 39.02% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on YMM shares. HSBC assumed coverage on 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. Barclays boosted their price objective on 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 lowered their price target for the company from $18.00 to $10.00 in a report on Monday. Industrial Alliance Securities set a $18.00 price objective on shares of Full Truck Alliance in a research report on Thursday, March 6th. Finally, Hsbc Global Res raised Full Truck Alliance to a "strong-buy" rating in a report on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Full Truck Alliance presently has a consensus rating of "Buy" and a consensus target price of $14.80.

Full Truck Alliance Price Performance

Shares of NYSE YMM traded up $0.70 during mid-day trading on Monday, hitting $10.37. 5,295,301 shares of the company's stock traded hands, compared to its average volume of 9,192,605. Full Truck Alliance Co. Ltd. has a 1 year low of $6.66 and a 1 year high of $13.85. The company's 50-day moving average is $12.26 and its two-hundred day moving average is $10.86. The company has a market capitalization of $10.93 billion, a P/E ratio of 24.69 and a beta of 0.19.

Full Truck Alliance Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, April 7th will be given a dividend of $0.1444 per share. The ex-dividend date of this dividend is Monday, April 7th. This is an increase from Full Truck Alliance's previous annual dividend of $0.14. This represents a yield of 0.9%. Full Truck Alliance's dividend payout ratio is 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.