First Trust Advisors LP Acquires Shares of 69,526 Full Truck Alliance Co. Ltd. (NYSE:YMM)

First Trust Advisors LP bought a new position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 69,526 shares of the company’s stock, valued at approximately $752,000.

Other large investors also recently modified their holdings of the company. Barclays PLC bought a new stake in shares of Full Truck Alliance in the 3rd quarter worth approximately $3,566,000. Geode Capital Management LLC boosted its holdings in Full Truck Alliance by 3.7% in the third quarter. Geode Capital Management LLC now owns 118,404 shares of the company’s stock valued at $1,067,000 after acquiring an additional 4,235 shares in the last quarter. Franklin Resources Inc. increased its position in Full Truck Alliance by 31.5% during the 3rd quarter. Franklin Resources Inc. now owns 277,966 shares of the company’s stock valued at $2,613,000 after purchasing an additional 66,638 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in Full Truck Alliance in the 4th quarter worth $2,511,000. Finally, Maple Brown Abbott Ltd lifted its position in shares of Full Truck Alliance by 104.8% in the 4th quarter. Maple Brown Abbott Ltd now owns 117,472 shares of the company’s stock worth $1,271,000 after purchasing an additional 60,100 shares during the period. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Trading Up 0.5 %

NYSE YMM opened at $11.69 on Friday. Full Truck Alliance Co. Ltd. has a 12 month low of $6.66 and a 12 month high of $13.85. The stock’s fifty day moving average price is $11.83 and its 200-day moving average price is $11.07. The stock has a market cap of $12.22 billion, a P/E ratio of 27.83 and a beta of 0.20.

Full Truck Alliance Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, April 7th were paid a dividend of $0.1444 per share. This is a positive change from Full Truck Alliance’s previous annual dividend of $0.14. This represents a yield of 0.9%. The ex-dividend date of this dividend was Monday, April 7th. Full Truck Alliance’s dividend payout ratio (DPR) is currently 39.02%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. 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 price target for the company. Hsbc Global Res upgraded Full Truck Alliance to a “strong-buy” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. lowered Full Truck Alliance from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $18.00 to $10.00 in a research report on Monday, April 14th. Industrial Alliance Securities set a $18.00 price objective on Full Truck Alliance in a report on Thursday, March 6th. Finally, Barclays boosted their target price 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. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $14.80.

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.