24,299 Shares in Full Truck Alliance Co. Ltd. (NYSE:YMM) Acquired by Prudential PLC

Prudential PLC purchased a new stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 24,299 shares of the company’s stock, valued at approximately $263,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in YMM. Connor Clark & Lunn Investment Management Ltd. raised its stake in Full Truck Alliance by 1.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,262 shares of the company’s stock worth $1,128,000 after acquiring an additional 1,722 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Full Truck Alliance by 20.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 20,408 shares of the company’s stock worth $221,000 after purchasing an additional 3,442 shares during the last quarter. abrdn plc lifted its holdings in shares of Full Truck Alliance by 22.6% during the fourth quarter. abrdn plc now owns 22,705 shares of the company’s stock worth $246,000 after purchasing an additional 4,187 shares during the period. Geode Capital Management LLC boosted its position 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 buying an additional 4,235 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Full Truck Alliance in the 4th quarter worth approximately $64,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Trading Down 1.3 %

Shares of YMM stock opened at $10.38 on Wednesday. Full Truck Alliance Co. Ltd. has a 12-month low of $6.66 and a 12-month high of $13.85. The business’s 50 day moving average is $12.35 and its two-hundred day moving average is $10.81. The company has a market capitalization of $10.93 billion, a P/E ratio of 24.70 and a beta of 0.19.

Full Truck Alliance Increases Dividend

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

Analyst Ratings Changes

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