13,738 Shares in Full Truck Alliance Co. Ltd. (NYSE:YMM) Purchased by Jasper Ridge Partners L.P.

Jasper Ridge Partners L.P. acquired a new stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,738 shares of the company’s stock, valued at approximately $149,000.

Several other institutional investors have also modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new stake in Full Truck Alliance during the 4th quarter valued at $64,000. Townsquare Capital LLC purchased a new stake in shares of Full Truck Alliance in the fourth quarter valued at $111,000. Truist Financial Corp bought a new stake in shares of Full Truck Alliance in the 4th quarter worth about $143,000. Savant Capital LLC bought a new stake in shares of Full Truck Alliance in the 4th quarter worth about $194,000. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of Full Truck Alliance by 20.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 20,408 shares of the company’s stock worth $221,000 after purchasing an additional 3,442 shares during the period. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Stock Down 1.6 %

Shares of NYSE YMM opened at $11.49 on Friday. Full Truck Alliance Co. Ltd. has a twelve month low of $6.66 and a twelve month high of $13.85. The firm has a market cap of $12.02 billion, a PE ratio of 27.36 and a beta of 0.20. The business has a fifty day simple moving average of $11.82 and a two-hundred day simple moving average of $11.10.

Full Truck Alliance Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Thursday, April 17th. Investors of record on Monday, April 7th were 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 was Monday, April 7th. Full Truck Alliance’s payout ratio is presently 39.02%.

Analysts Set New Price Targets

YMM has been the topic of a number of recent analyst reports. Hsbc Global Res raised shares of Full Truck Alliance to a “strong-buy” rating in a research report on Wednesday, February 26th. Industrial Alliance Securities set a $18.00 price target on Full Truck Alliance in a report on Thursday, March 6th. Barclays boosted their price objective 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. lowered Full Truck Alliance from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $18.00 to $10.00 in a research note on Monday, April 14th. Finally, HSBC assumed coverage on shares of Full Truck Alliance in a research note on Wednesday, February 26th. They set a “buy” rating and a $18.00 target price for the company. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Full Truck Alliance 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.