Full Truck Alliance Co. Ltd. (NYSE:YMM) Stake Raised by Trexquant Investment LP

Trexquant Investment LP raised its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 324.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 399,891 shares of the company’s stock after acquiring an additional 305,672 shares during the quarter. Trexquant Investment LP’s holdings in Full Truck Alliance were worth $4,327,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in YMM. JPMorgan Chase & Co. increased its stake in Full Truck Alliance by 37.8% in the 4th quarter. JPMorgan Chase & Co. now owns 37,875,367 shares of the company’s stock valued at $409,811,000 after buying an additional 10,383,716 shares during the period. Vanguard Group Inc. grew its holdings in shares of Full Truck Alliance by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 28,943,043 shares of the company’s stock valued at $313,164,000 after acquiring an additional 295,301 shares in the last quarter. Greenwoods Asset Management Hong Kong Ltd. increased its stake in shares of Full Truck Alliance by 7.4% in the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 26,019,803 shares of the company’s stock worth $281,534,000 after acquiring an additional 1,802,420 shares during the last quarter. Norges Bank purchased a new stake in shares of Full Truck Alliance during the fourth quarter worth $101,649,000. Finally, Empower Harvest Management Services Inc. acquired a new stake in Full Truck Alliance during the fourth quarter valued at $97,058,000. Institutional investors and hedge funds own 39.02% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Hsbc Global Res raised Full Truck Alliance to a “strong-buy” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. raised shares of Full Truck Alliance from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $13.00 to $18.00 in a research report on Thursday, March 6th. Barclays boosted their target price on shares of Full Truck Alliance from $7.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Monday, March 10th. Citigroup raised their price target on shares of Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Industrial Alliance Securities set a $18.00 price objective on shares of Full Truck Alliance in a report on Thursday, March 6th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $16.40.

Full Truck Alliance Stock Down 11.6 %

NYSE:YMM opened at $11.08 on Friday. The company’s 50 day moving average is $12.41 and its 200-day moving average is $10.75. Full Truck Alliance Co. Ltd. has a 12 month low of $6.66 and a 12 month high of $13.85. The firm has a market cap of $11.67 billion, a price-to-earnings ratio of 26.37 and a beta of 0.19.

Full Truck Alliance Increases Dividend

The company also recently announced an annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, April 7th will be given a dividend of $0.1444 per share. This is a positive change from Full Truck Alliance’s previous annual dividend of $0.14. The ex-dividend date of this dividend is Monday, April 7th. This represents a yield of 0.9%. Full Truck Alliance’s payout ratio is currently 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.