Full Truck Alliance Co. Ltd. (NYSE:YMM) Given Average Rating of “Buy” by Analysts

Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) have been assigned a consensus rating of “Buy” from the six analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $16.40.

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

Full Truck Alliance Trading Up 1.6 %

NYSE:YMM opened at $13.34 on Tuesday. The firm has a market capitalization of $14.05 billion, a PE ratio of 31.75 and a beta of 0.25. Full Truck Alliance has a 1 year low of $6.66 and a 1 year high of $13.85. The firm’s fifty day simple moving average is $12.15 and its 200 day simple moving average is $10.43.

Full Truck Alliance Increases Dividend

The company 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 dividend of $0.1444 per share. The ex-dividend date of this dividend is Monday, April 7th. This is a boost from Full Truck Alliance’s previous annual dividend of $0.14. This represents a dividend yield of 0.9%. Full Truck Alliance’s payout ratio is currently 39.02%.

Institutional Investors Weigh In On Full Truck Alliance

A number of institutional investors have recently bought and sold shares of YMM. SBI Securities Co. Ltd. bought a new position in shares of Full Truck Alliance during the 4th quarter worth about $64,000. Townsquare Capital LLC acquired a new position in Full Truck Alliance in the fourth quarter worth about $111,000. Wolverine Trading LLC bought a new position in Full Truck Alliance during the fourth quarter worth about $115,000. Vise Technologies Inc. acquired a new stake in Full Truck Alliance during the fourth quarter valued at approximately $130,000. Finally, Truist Financial Corp bought a new stake in shares of Full Truck Alliance in the 4th quarter valued at approximately $143,000. Institutional investors and hedge funds own 39.02% of the company’s stock.

About Full Truck Alliance

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.