Harvest Fund Management Co. Ltd Decreases Stock Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Harvest Fund Management Co. Ltd trimmed its holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 30.7% during the fourth quarter, HoldingsChannel reports. The firm owned 378,170 shares of the company’s stock after selling 167,347 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Full Truck Alliance were worth $4,088,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of YMM. SBI Securities Co. Ltd. purchased a new position in Full Truck Alliance in the 4th quarter worth approximately $64,000. Truist Financial Corp purchased a new position in Full Truck Alliance in the 4th quarter worth approximately $143,000. Savant Capital LLC purchased a new stake in shares of Full Truck Alliance during the 4th quarter valued at approximately $194,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Full Truck Alliance during the 3rd quarter valued at approximately $207,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Full Truck Alliance by 2,104.9% during 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 period. 39.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Hsbc Global Res raised shares of Full Truck Alliance to a “strong-buy” rating in a research report on Wednesday, February 26th. Industrial Alliance Securities set a $18.00 price target on shares of Full Truck Alliance in a research report on Thursday, March 6th. JPMorgan Chase & Co. raised shares of Full Truck Alliance from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $13.00 to $18.00 in a research report on Thursday, March 6th. Barclays lifted their price target on shares of Full Truck Alliance from $7.00 to $13.00 and gave the company an “equal weight” rating in a research report on Monday, March 10th. Finally, HSBC began coverage on shares of Full Truck Alliance in a report on Wednesday, February 26th. They issued a “buy” rating and a $18.00 target price for the company. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Full Truck Alliance currently has an average rating of “Buy” and a consensus price target of $16.40.

Full Truck Alliance Stock Performance

Full Truck Alliance stock opened at $13.51 on Wednesday. Full Truck Alliance Co. Ltd. has a fifty-two week low of $6.66 and a fifty-two week high of $13.85. The firm has a 50 day moving average price of $11.93 and a 200 day moving average price of $10.26. The company has a market capitalization of $14.23 billion, a PE ratio of 32.16 and a beta of 0.25.

Full Truck Alliance Increases Dividend

The business also recently announced an annual dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, April 7th will be issued a $0.1444 dividend. This represents a yield of 0.9%. The ex-dividend date of this dividend is Monday, April 7th. This is an increase from Full Truck Alliance’s previous annual dividend of $0.14. Full Truck Alliance’s dividend payout ratio (DPR) is 39.02%.

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.