Keystone Investors PTE Ltd. Invests $6.41 Million in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Keystone Investors PTE Ltd. acquired a new stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 591,952 shares of the company’s stock, valued at approximately $6,405,000. Full Truck Alliance accounts for approximately 0.4% of Keystone Investors PTE Ltd.’s holdings, making the stock its 28th biggest holding. Keystone Investors PTE Ltd. owned approximately 0.06% of Full Truck Alliance as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of YMM. SBI Securities Co. Ltd. bought a new position in shares of Full Truck Alliance in the 4th quarter worth $64,000. Truist Financial Corp purchased a new stake in shares of Full Truck Alliance during the fourth quarter valued at about $143,000. Savant Capital LLC bought a new stake in shares of Full Truck Alliance in the 4th quarter valued at about $194,000. EverSource Wealth Advisors LLC raised its stake in shares of Full Truck Alliance by 2,104.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 21,145 shares of the company’s stock worth $229,000 after acquiring an additional 20,186 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Full Truck Alliance by 120.9% during the 4th quarter. Blue Trust Inc. now owns 22,090 shares of the company’s stock worth $239,000 after acquiring an additional 12,091 shares in the last quarter. Institutional investors own 39.02% of the company’s stock.

Analyst Upgrades and Downgrades

YMM has been the topic of several analyst reports. Hsbc Global Res raised shares of Full Truck Alliance to a “strong-buy” rating in a report on Wednesday, February 26th. HSBC initiated coverage on Full Truck Alliance in a research note on Wednesday, February 26th. They set a “buy” rating and a $18.00 target price on the stock. Industrial Alliance Securities set a $18.00 price target on Full Truck Alliance in a research note on Thursday, March 6th. Citigroup boosted their price target on Full Truck Alliance from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. raised shares of Full Truck Alliance from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $13.00 to $18.00 in a research report on Thursday, March 6th. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $16.40.

Full Truck Alliance Stock Up 1.6 %

Full Truck Alliance stock opened at $13.34 on Tuesday. Full Truck Alliance Co. Ltd. has a 52 week low of $6.66 and a 52 week high of $13.85. The stock has a 50-day moving average price of $12.15 and a 200 day moving average price of $10.43. The company has a market capitalization of $14.05 billion, a price-to-earnings ratio of 31.75 and a beta of 0.25.

Full Truck Alliance Increases Dividend

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