Brilliance Asset Management Ltd. Has $45.38 Million Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Brilliance Asset Management Ltd. grew its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 29.5% during the 4th quarter, HoldingsChannel reports. The firm owned 4,193,580 shares of the company’s stock after acquiring an additional 954,124 shares during the quarter. Full Truck Alliance makes up approximately 10.2% of Brilliance Asset Management Ltd.’s holdings, making the stock its 5th biggest holding. Brilliance Asset Management Ltd.’s holdings in Full Truck Alliance were worth $45,375,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of YMM. AI Squared Management Ltd bought a new position in shares of Full Truck Alliance in the fourth quarter valued at approximately $3,159,000. Keystone Investors PTE Ltd. acquired a new stake in Full Truck Alliance during the 4th quarter valued at $6,405,000. Taikang Asset Management Hong Kong Co Ltd raised its position in Full Truck Alliance by 354.5% in the 4th quarter. Taikang Asset Management Hong Kong Co Ltd now owns 1,363,614 shares of the company’s stock valued at $14,754,000 after purchasing an additional 1,063,614 shares during the last quarter. Vanguard Group Inc. boosted its stake in Full Truck Alliance by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 28,943,043 shares of the company’s stock worth $313,164,000 after purchasing an additional 295,301 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. bought a new stake in shares of Full Truck Alliance during the fourth quarter worth $1,584,000. 39.02% of the stock is owned by institutional investors and hedge funds.

Full Truck Alliance Stock Down 0.4 %

YMM stock opened at $12.94 on Thursday. Full Truck Alliance Co. Ltd. has a twelve month low of $6.66 and a twelve month high of $13.85. The company has a market cap of $13.63 billion, a P/E ratio of 30.81 and a beta of 0.25. The business’s fifty day moving average is $12.22 and its 200-day moving average is $10.49.

Full Truck Alliance Increases Dividend

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

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. HSBC assumed coverage on shares of Full Truck Alliance in a research report on Wednesday, February 26th. They set a “buy” rating and a $18.00 price target on the stock. Barclays increased their price objective on 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. Citigroup boosted their target price on Full Truck Alliance from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. upgraded Full Truck Alliance from a “neutral” rating to an “overweight” rating and raised their price target for the company from $13.00 to $18.00 in a report on Thursday, March 6th. Finally, Industrial Alliance Securities set a $18.00 price objective on Full Truck Alliance in a report on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $16.40.

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.