Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Sold by SIH Partners LLLP

SIH Partners LLLP trimmed its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 27.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 203,700 shares of the company's stock after selling 78,300 shares during the period. SIH Partners LLLP's holdings in Full Truck Alliance were worth $2,204,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of YMM. State Street Corp raised its stake in Full Truck Alliance by 6.4% in the third quarter. State Street Corp now owns 2,609,508 shares of the company's stock worth $23,512,000 after buying an additional 155,834 shares in the last quarter. Barclays PLC purchased a new position in shares of Full Truck Alliance in the third quarter worth $3,566,000. Geode Capital Management LLC lifted its holdings in Full Truck Alliance by 3.7% in the third quarter. Geode Capital Management LLC now owns 118,404 shares of the company's stock valued at $1,067,000 after acquiring an additional 4,235 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Full Truck Alliance in the third quarter valued at about $207,000. Finally, Tidal Investments LLC bought a new position in Full Truck Alliance in the third quarter valued at about $1,258,000. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Stock Performance

Shares of NYSE YMM traded down $0.07 during midday trading on Friday, reaching $11.19. 3,570,362 shares of the stock were exchanged, compared to its average volume of 9,283,051. The company has a 50 day simple moving average of $11.88 and a 200 day simple moving average of $10.93. The stock has a market capitalization of $11.79 billion, a P/E ratio of 26.64 and a beta of 0.19. 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 business also recently disclosed an annual dividend, which was paid on Thursday, April 17th. Investors of record on Monday, April 7th were given a dividend of $0.1444 per share. The ex-dividend date was Monday, April 7th. This represents a dividend yield of 0.9%. This is a boost from Full Truck Alliance's previous annual dividend of $0.14. Full Truck Alliance's dividend payout ratio (DPR) is presently 39.02%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on YMM. Hsbc Global Res raised Full Truck Alliance to a "strong-buy" rating in a research note on Wednesday, February 26th. Industrial Alliance Securities set a $18.00 target price on Full Truck Alliance in a report on Thursday, March 6th. HSBC began coverage on Full Truck Alliance in a report on Wednesday, February 26th. They issued a "buy" rating and a $18.00 target price for the company. Barclays upped 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 report on Monday, March 10th. Finally, JPMorgan Chase & Co. lowered shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $18.00 to $10.00 in a research note on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target 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.