Vanguard Group Inc. Grows Stake in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Vanguard Group Inc. lifted its position in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 1.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 28,943,043 shares of the company's stock after purchasing an additional 295,301 shares during the period. Vanguard Group Inc. owned about 2.75% of Full Truck Alliance worth $313,164,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in YMM. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Full Truck Alliance by 1.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,262 shares of the company's stock valued at $1,128,000 after acquiring an additional 1,722 shares during the period. abrdn plc increased its holdings in Full Truck Alliance by 22.6% during the 4th quarter. abrdn plc now owns 22,705 shares of the company's stock valued at $246,000 after purchasing an additional 4,187 shares during the period. Geode Capital Management LLC raised its position in Full Truck Alliance by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 118,404 shares of the company's stock valued at $1,067,000 after purchasing an additional 4,235 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Full Truck Alliance during the 4th quarter valued at approximately $64,000. Finally, Blue Trust Inc. lifted its holdings in Full Truck Alliance by 120.9% in the 4th quarter. Blue Trust Inc. now owns 22,090 shares of the company's stock worth $239,000 after buying an additional 12,091 shares during the period. 39.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

YMM has been the subject of a number of recent analyst reports. Barclays upped 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. JPMorgan Chase & Co. raised shares of Full Truck Alliance from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $13.00 to $18.00 in a research report on Thursday, March 6th. Hsbc Global Res raised shares of Full Truck Alliance to a "strong-buy" rating in a research report on Wednesday, February 26th. Citigroup lifted their target price on shares of Full Truck Alliance from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Finally, Industrial Alliance Securities set a $18.00 price target on shares of Full Truck Alliance in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $16.40.

Full Truck Alliance Stock Down 1.3 %

Shares of NYSE:YMM traded down $0.14 during midday trading on Tuesday, reaching $10.38. The company's stock had a trading volume of 16,997,928 shares, compared to its average volume of 9,040,360. The firm has a 50 day moving average of $12.35 and a 200-day moving average of $10.81. The firm has a market capitalization of $10.93 billion, a P/E ratio of 24.70 and a beta of 0.19. Full Truck Alliance Co. Ltd. has a 12-month low of $6.66 and a 12-month high of $13.85.

Full Truck Alliance Increases Dividend

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

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.