Raiffeisen Bank International AG Invests $1.88 Million 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) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 173,900 shares of the company's stock, valued at approximately $1,882,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC acquired a new position in Full Truck Alliance during the 3rd quarter worth about $3,566,000. Franklin Resources Inc. increased its stake in Full Truck Alliance by 31.5% during the third quarter. Franklin Resources Inc. now owns 277,966 shares of the company's stock worth $2,613,000 after purchasing an additional 66,638 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in shares of Full Truck Alliance during the fourth quarter worth about $2,511,000. Maple Brown Abbott Ltd boosted its stake in shares of Full Truck Alliance by 104.8% in the fourth quarter. Maple Brown Abbott Ltd now owns 117,472 shares of the company's stock valued at $1,271,000 after purchasing an additional 60,100 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of Full Truck Alliance by 120.9% in the fourth quarter. Blue Trust Inc. now owns 22,090 shares of the company's stock valued at $239,000 after purchasing an additional 12,091 shares in the last quarter. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Full Truck Alliance Trading Down 4.7%

YMM stock traded down $0.56 during trading on Thursday, hitting $11.36. 6,313,680 shares of the company's stock were exchanged, compared to its average volume of 9,090,445. The business has a 50-day moving average price of $11.75 and a two-hundred day moving average price of $11.27. The stock has a market capitalization of $11.88 billion, a price-to-earnings ratio of 27.04 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.

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 given a dividend of $0.1444 per share. This represents a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, April 7th. This is an increase from Full Truck Alliance's previous annual dividend of $0.14. Full Truck Alliance's payout ratio is currently 39.02%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on YMM shares. Industrial Alliance Securities set a $18.00 target price on shares of Full Truck Alliance in a report on Thursday, March 6th. Barclays lifted their target price on Full Truck Alliance from $7.00 to $13.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. Hsbc Global Res raised Full Truck Alliance to a "strong-buy" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. cut shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $18.00 to $10.00 in a report on Monday, April 14th. Finally, 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 on the stock. Two equities research 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. According to MarketBeat, Full Truck Alliance currently 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.