Raiffeisen Bank International AG Buys New Shares in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Raiffeisen Bank International AG purchased a new position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 173,900 shares of the company's stock, valued at approximately $1,882,000.

Several other institutional investors have also made changes to their positions in YMM. FIL Ltd grew its position in Full Truck Alliance by 83.0% in the fourth quarter. FIL Ltd now owns 51,730,620 shares of the company's stock worth $559,725,000 after acquiring an additional 23,468,794 shares in the last quarter. Aspex Management HK Ltd bought a new stake in shares of Full Truck Alliance during the 4th quarter worth $164,557,000. JPMorgan Chase & Co. boosted 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 buying an additional 10,383,716 shares during the period. Norges Bank bought a new stake in shares of Full Truck Alliance in the fourth quarter valued at approximately $101,649,000. Finally, Empower Harvest Management Services Inc. acquired a new stake in Full Truck Alliance in the 4th quarter worth $97,058,000. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Full Truck Alliance Trading Down 1.3%

Shares of NYSE:YMM traded down $0.16 during mid-day trading on Tuesday, reaching $12.07. The stock had a trading volume of 8,835,667 shares, compared to its average volume of 9,108,615. The firm has a market cap of $12.62 billion, a PE ratio of 28.74 and a beta of 0.20. The firm has a 50 day simple moving average of $11.78 and a two-hundred day simple moving average of $11.26. 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 declared an annual dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, April 7th were given a dividend of $0.1444 per share. 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 yield of 0.9%. Full Truck Alliance's payout ratio is 39.02%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Barclays increased their price objective on shares of 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 dropped their target price for the stock from $18.00 to $10.00 in a research note 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 on the stock. Industrial Alliance Securities set a $18.00 price objective on shares of Full Truck Alliance in a research note on Thursday, March 6th. Finally, Hsbc Global Res raised shares of Full Truck Alliance to a "strong-buy" rating in a research note on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $14.80.

About Full Truck Alliance

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.