Quantbot Technologies LP Reduces Stock Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Quantbot Technologies LP cut its stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 37.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 75,621 shares of the company’s stock after selling 45,637 shares during the period. Quantbot Technologies LP’s holdings in Full Truck Alliance were worth $818,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Empower Harvest Management Services Inc. purchased a new stake in Full Truck Alliance during the fourth quarter valued at $97,058,000. Davis Selected Advisers purchased a new stake in shares of Full Truck Alliance during the 4th quarter valued at about $58,432,000. North of South Capital LLP lifted its stake in shares of Full Truck Alliance by 74.8% in the 4th quarter. North of South Capital LLP now owns 5,692,489 shares of the company’s stock worth $61,593,000 after purchasing an additional 2,436,130 shares during the period. Greenwoods Asset Management Hong Kong Ltd. lifted its stake in shares of Full Truck Alliance by 7.4% in the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 26,019,803 shares of the company’s stock worth $281,534,000 after purchasing an additional 1,802,420 shares during the period. Finally, Alkeon Capital Management LLC boosted its holdings in shares of Full Truck Alliance by 3.9% in the third quarter. Alkeon Capital Management LLC now owns 24,276,570 shares of the company’s stock worth $218,732,000 after buying an additional 921,820 shares during the last quarter. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Stock Performance

Shares of Full Truck Alliance stock opened at $12.94 on Thursday. The company has a fifty day moving average of $12.22 and a 200 day moving average of $10.49. The company has a market capitalization of $13.63 billion, a P/E ratio of 30.81 and a beta of 0.25. Full Truck Alliance Co. Ltd. has a fifty-two week low of $6.66 and a fifty-two week high of $13.85.

Full Truck Alliance Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, April 7th will be paid a dividend of $0.1444 per share. 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%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Barclays upped their target price on shares of Full Truck Alliance from $7.00 to $13.00 and gave the company an “equal weight” rating in a 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. Industrial Alliance Securities set a $18.00 target price on Full Truck Alliance in a research report on Thursday, March 6th. Citigroup upped their price target 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. Finally, JPMorgan Chase & Co. raised Full Truck Alliance from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $13.00 to $18.00 in a research 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 given a strong buy rating to the 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 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.