Charles Schwab Investment Management Inc. Trims Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Charles Schwab Investment Management Inc. lessened its stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 891,591 shares of the company’s stock after selling 20,420 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Full Truck Alliance were worth $9,647,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Alkeon Capital Management LLC raised its holdings in shares of Full Truck Alliance by 3.9% during the 3rd quarter. Alkeon Capital Management LLC now owns 24,276,570 shares of the company’s stock worth $218,732,000 after acquiring an additional 921,820 shares during the period. Bamco Inc. NY raised its holdings in shares of Full Truck Alliance by 1.2% during the 3rd quarter. Bamco Inc. NY now owns 10,405,899 shares of the company’s stock worth $93,757,000 after acquiring an additional 125,853 shares during the period. Empower Harvest Management Services Inc. purchased a new position in shares of Full Truck Alliance during the 4th quarter worth $97,058,000. North of South Capital LLP raised 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 valued at $61,593,000 after buying an additional 2,436,130 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its holdings in Full Truck Alliance by 9.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 5,156,188 shares of the company’s stock valued at $46,457,000 after buying an additional 444,884 shares during the period. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Analyst Upgrades and Downgrades

YMM has been the topic of several research analyst reports. Barclays boosted their price objective on shares of Full Truck Alliance from $7.00 to $13.00 and gave the company an “equal weight” rating in a report on Monday, March 10th. Citigroup boosted their price objective on shares of Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Hsbc Global Res upgraded shares of Full Truck Alliance to a “strong-buy” rating in a report on Wednesday, February 26th. HSBC initiated coverage on shares of Full Truck Alliance in a report on Wednesday, February 26th. They issued a “buy” rating and a $18.00 price objective on the stock. Finally, JPMorgan Chase & Co. upgraded shares of Full Truck Alliance from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $13.00 to $18.00 in a report on Thursday, March 6th. 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $16.40.

Full Truck Alliance Price Performance

NYSE YMM opened at $13.14 on Friday. The company has a market cap of $13.84 billion, a P/E ratio of 31.27 and a beta of 0.25. The stock has a 50-day moving average of $12.10 and a two-hundred day moving average of $10.36. Full Truck Alliance Co. Ltd. has a 1-year low of $6.66 and a 1-year high of $13.85.

Full Truck Alliance Increases Dividend

The company also recently announced 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 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 payout ratio is currently 39.02%.

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.