OPTIMAS CAPITAL Ltd Buys Shares of 88,300 Full Truck Alliance Co. Ltd. (NYSE:YMM)

OPTIMAS CAPITAL Ltd bought a new stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 88,300 shares of the company’s stock, valued at approximately $955,000. Full Truck Alliance accounts for 1.3% of OPTIMAS CAPITAL Ltd’s portfolio, making the stock its 22nd largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Catalyst Funds Management Pty Ltd bought a new position in shares of Full Truck Alliance in the 4th quarter worth approximately $1,408,000. ANTIPODES PARTNERS Ltd bought a new position in shares of Full Truck Alliance in the 4th quarter worth approximately $511,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in Full Truck Alliance by 1.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,262 shares of the company’s stock worth $1,128,000 after acquiring an additional 1,722 shares during the period. EverSource Wealth Advisors LLC raised its stake in 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 during the period. Finally, Davis Selected Advisers bought a new stake in Full Truck Alliance during the 4th quarter worth approximately $58,432,000. Institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Stock Up 6.4 %

Full Truck Alliance stock opened at $13.74 on Tuesday. Full Truck Alliance Co. Ltd. has a 52-week low of $6.66 and a 52-week high of $13.85. The company has a market cap of $14.47 billion, a price-to-earnings ratio of 32.70 and a beta of 0.25. The firm’s fifty day moving average is $11.87 and its 200 day moving average is $10.21.

Full Truck Alliance Increases Dividend

The business also recently declared an annual dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, April 7th will be given a $0.1444 dividend. The ex-dividend date is Monday, April 7th. This represents a yield of 0.9%. This is a positive change from Full Truck Alliance’s previous annual dividend of $0.14. Full Truck Alliance’s dividend payout ratio (DPR) is currently 39.02%.

Analyst Ratings Changes

A number of equities research analysts have commented on YMM shares. JPMorgan Chase & Co. upgraded shares of Full Truck Alliance from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $13.00 to $18.00 in a research note on Thursday, March 6th. Hsbc Global Res upgraded shares of Full Truck Alliance to a “strong-buy” rating in a research note on Wednesday, February 26th. Barclays raised 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 note on Monday, March 10th. Industrial Alliance Securities set a $18.00 price objective on shares of Full Truck Alliance in a report on Thursday, March 6th. Finally, HSBC assumed coverage on shares of Full Truck Alliance in a report on Wednesday, February 26th. They set a “buy” rating and a $18.00 price objective for the company. One analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Full Truck Alliance presently has an average rating of “Buy” and a consensus price target of $16.40.

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.