OPTIMAS CAPITAL Ltd Acquires Shares of 88,300 Full Truck Alliance Co. Ltd. (NYSE:YMM)

OPTIMAS CAPITAL Ltd acquired a new stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 88,300 shares of the company’s stock, valued at approximately $955,000. Full Truck Alliance accounts for 1.3% of OPTIMAS CAPITAL Ltd’s investment portfolio, making the stock its 22nd largest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Crossmark Global Holdings Inc. raised its holdings in shares of Full Truck Alliance by 44.1% in the third quarter. Crossmark Global Holdings Inc. now owns 30,102 shares of the company’s stock worth $272,000 after buying an additional 9,210 shares during the period. Aigen Investment Management LP purchased a new stake in shares of Full Truck Alliance in the third quarter worth approximately $151,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Full Truck Alliance by 13.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 102,540 shares of the company’s stock worth $924,000 after buying an additional 11,894 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Full Truck Alliance by 12.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 912,011 shares of the company’s stock worth $8,217,000 after buying an additional 100,080 shares during the period. Finally, Citigroup Inc. raised its holdings in shares of Full Truck Alliance by 6.0% in the third quarter. Citigroup Inc. now owns 483,469 shares of the company’s stock worth $4,356,000 after buying an additional 27,303 shares during the period. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

YMM has been the topic of several recent analyst reports. Citigroup increased their price target on Full Truck Alliance from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Hsbc Global Res raised Full Truck Alliance to a “strong-buy” rating in a research note on Wednesday, February 26th. Industrial Alliance Securities set a $18.00 price objective on Full Truck Alliance in a research note on Thursday, March 6th. HSBC started coverage on Full Truck Alliance in a research note on Wednesday, February 26th. They issued a “buy” rating and a $18.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised Full Truck Alliance from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $13.00 to $18.00 in a research note 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 stock. According to data from MarketBeat, Full Truck Alliance currently has a consensus rating of “Buy” and an average target price of $16.40.

Full Truck Alliance Price Performance

Full Truck Alliance stock opened at $13.74 on Tuesday. The stock has a market capitalization of $14.47 billion, a price-to-earnings ratio of 32.70 and a beta of 0.25. Full Truck Alliance Co. Ltd. has a 1-year low of $6.66 and a 1-year high of $13.85. The business has a fifty day moving average price of $11.87 and a 200-day moving average price of $10.21.

Full Truck Alliance Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, April 7th will be given a $0.1444 dividend. This is a boost from Full Truck Alliance’s previous annual dividend of $0.14. The ex-dividend date is Monday, April 7th. This represents a dividend yield of 0.9%. Full Truck Alliance’s dividend payout ratio (DPR) is presently 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.