Catalyst Funds Management Pty Ltd Invests $1.41 Million in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Catalyst Funds Management Pty Ltd acquired a new position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 130,100 shares of the company’s stock, valued at approximately $1,408,000.

Other hedge funds also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd bought a new stake in shares of Full Truck Alliance during the 3rd quarter worth $3,525,000. Charles Schwab Investment Management Inc. raised its position in Full Truck Alliance by 12.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 912,011 shares of the company’s stock worth $8,217,000 after purchasing an additional 100,080 shares during the period. XTX Topco Ltd raised its position in Full Truck Alliance by 318.2% in the 3rd quarter. XTX Topco Ltd now owns 164,281 shares of the company’s stock worth $1,480,000 after purchasing an additional 125,001 shares during the period. IMC Chicago LLC purchased a new position in Full Truck Alliance in the 4th quarter worth $263,000. Finally, State Street Corp raised its position in Full Truck Alliance by 6.4% in the 3rd quarter. State Street Corp now owns 2,609,508 shares of the company’s stock worth $23,512,000 after purchasing an additional 155,834 shares during the period. 39.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Full Truck Alliance Trading Up 1.1 %

YMM stock opened at $12.90 on Friday. The firm’s 50-day moving average price is $11.81 and its two-hundred day moving average price is $10.12. Full Truck Alliance Co. Ltd. has a 12-month low of $6.66 and a 12-month high of $13.53. The stock has a market capitalization of $13.59 billion, a price-to-earnings ratio of 30.70 and a beta of 0.25.

Full Truck Alliance Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, April 7th will be given a $0.1444 dividend. This is a boost 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 dividend yield of 0.9%. Full Truck Alliance’s payout ratio is presently 46.34%.

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.