SBI Securities Co. Ltd. Buys New Stake in Full Truck Alliance Co. Ltd. (NYSE:YMM)

SBI Securities Co. Ltd. purchased 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 institutional investor purchased 5,871 shares of the company’s stock, valued at approximately $64,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Capital Wealth Planning LLC acquired a new position in shares of Full Truck Alliance during the fourth quarter worth about $1,395,000. Veritas Asset Management LLP purchased a new stake in shares of Full Truck Alliance during the 4th quarter valued at about $789,000. Union Bancaire Privee UBP SA acquired a new position in Full Truck Alliance during the 4th quarter worth approximately $647,000. North of South Capital LLP boosted its holdings in Full Truck Alliance by 74.8% in the 4th quarter. North of South Capital LLP now owns 5,692,489 shares of the company’s stock worth $61,593,000 after acquiring an additional 2,436,130 shares during the period. Finally, Alberta Investment Management Corp grew its position in Full Truck Alliance by 37.5% in the fourth quarter. Alberta Investment Management Corp now owns 2,089,167 shares of the company’s stock valued at $22,605,000 after acquiring an additional 569,633 shares in the last quarter. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

YMM has been the subject of several analyst reports. HSBC started coverage on shares of Full Truck Alliance in a research note on Wednesday, February 26th. They issued a “buy” rating and a $18.00 target price for the company. Hsbc Global Res upgraded shares of Full Truck Alliance to a “strong-buy” rating in a report on Wednesday, February 26th. Citigroup raised their target price on Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. upgraded Full Truck Alliance from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $13.00 to $18.00 in a research note on Thursday. One research 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. According to data from MarketBeat, Full Truck Alliance has an average rating of “Buy” and an average price target of $14.50.

Full Truck Alliance Price Performance

Shares of YMM stock opened at $13.22 on Monday. The firm has a fifty day moving average of $11.63 and a two-hundred day moving average of $9.98. The firm has a market cap of $13.92 billion, a P/E ratio of 31.47 and a beta of 0.25. Full Truck Alliance Co. Ltd. has a 1-year low of $6.18 and a 1-year high of $13.53.

Full Truck Alliance Increases Dividend

The company also recently declared an annual dividend, which will be paid on Friday, April 18th. Investors of record on Monday, April 7th will be paid a $0.1444 dividend. This represents a yield of 0.9%. This is an increase from Full Truck Alliance’s previous annual dividend of $0.14. The ex-dividend date of this dividend is Monday, April 7th. Full Truck Alliance’s dividend payout ratio (DPR) is 46.34%.

Full Truck Alliance 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.