Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Purchased by Taikang Asset Management Hong Kong Co Ltd

Taikang Asset Management Hong Kong Co Ltd lifted its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 354.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,363,614 shares of the company’s stock after purchasing an additional 1,063,614 shares during the quarter. Full Truck Alliance accounts for about 2.2% of Taikang Asset Management Hong Kong Co Ltd’s portfolio, making the stock its 10th biggest position. Taikang Asset Management Hong Kong Co Ltd’s holdings in Full Truck Alliance were worth $14,754,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. SBI Securities Co. Ltd. acquired a new position in Full Truck Alliance in the 4th quarter worth $64,000. Truist Financial Corp bought a new stake in shares of Full Truck Alliance in the fourth quarter valued at about $143,000. Savant Capital LLC acquired a new position in shares of Full Truck Alliance during the fourth quarter worth about $194,000. Wilmington Savings Fund Society FSB bought a new position in shares of Full Truck Alliance during the third quarter worth about $207,000. Finally, EverSource Wealth Advisors LLC raised its position in Full Truck Alliance by 2,104.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 21,145 shares of the company’s stock valued at $229,000 after buying an additional 20,186 shares during the last quarter. Institutional investors own 39.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. raised Full Truck Alliance from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $13.00 to $18.00 in a research report on Thursday, March 6th. Hsbc Global Res raised shares of Full Truck Alliance to a “strong-buy” rating in a research report on Wednesday, February 26th. Citigroup boosted their price target on shares of Full Truck Alliance from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Barclays increased their price objective 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. Finally, HSBC initiated coverage on 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. One investment 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $16.40.

Full Truck Alliance Price Performance

Shares of YMM stock opened at $13.34 on Tuesday. The company has a fifty day moving average price of $12.15 and a two-hundred day moving average price of $10.43. Full Truck Alliance Co. Ltd. has a one year low of $6.66 and a one year high of $13.85. The stock has a market cap of $14.05 billion, a P/E ratio of 31.75 and a beta of 0.25.

Full Truck Alliance Increases Dividend

The company also recently announced an annual dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, April 7th will be paid a $0.1444 dividend. This is an increase from Full Truck Alliance’s previous annual dividend of $0.14. This represents a yield of 0.9%. The ex-dividend date is Monday, April 7th. 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.