Triata Capital Ltd Invests $760,000 in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Triata Capital Ltd bought a new position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 70,283 shares of the company’s stock, valued at approximately $760,000. Full Truck Alliance accounts for about 0.3% of Triata Capital Ltd’s investment portfolio, making the stock its 11th biggest position.

Several other hedge funds also recently made changes to their positions in the business. SBI Securities Co. Ltd. bought a new stake in shares of Full Truck Alliance during the fourth quarter worth $64,000. Townsquare Capital LLC bought a new stake in shares of Full Truck Alliance during the fourth quarter worth $111,000. Truist Financial Corp bought a new stake in shares of Full Truck Alliance during the fourth quarter worth $143,000. Jasper Ridge Partners L.P. bought a new stake in shares of Full Truck Alliance during the fourth quarter worth $149,000. Finally, Savant Capital LLC bought a new stake in shares of Full Truck Alliance during the fourth quarter worth $194,000. 39.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

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 research note on Wednesday, February 26th. Barclays lifted their price objective on Full Truck Alliance from $7.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. HSBC began coverage on shares of Full Truck Alliance in a report on Wednesday, February 26th. They set a “buy” rating and a $18.00 price target for the company. Industrial Alliance Securities set a $18.00 price target on shares of Full Truck Alliance in a report on Thursday, March 6th. Finally, JPMorgan Chase & Co. lowered shares of Full Truck Alliance from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $18.00 to $10.00 in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Full Truck Alliance has a consensus rating of “Moderate Buy” and an average target price of $14.80.

Full Truck Alliance Stock Performance

Full Truck Alliance stock opened at $12.34 on Friday. The firm has a market cap of $12.90 billion, a price-to-earnings ratio of 29.37 and a beta of 0.20. Full Truck Alliance Co. Ltd. has a 52-week low of $6.66 and a 52-week high of $13.85. The firm has a 50 day moving average price of $11.79 and a two-hundred day moving average price of $11.22.

Full Truck Alliance Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, April 7th were given a dividend of $0.1444 per share. This is an increase from Full Truck Alliance’s previous annual dividend of $0.14. The ex-dividend date of this dividend was Monday, April 7th. This represents a dividend yield of 0.9%. Full Truck Alliance’s dividend payout ratio (DPR) 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.