ANTIPODES PARTNERS Ltd Purchases New Shares in Full Truck Alliance Co. Ltd. (NYSE:YMM)

ANTIPODES PARTNERS Ltd 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 disclosure with the Securities & Exchange Commission. The institutional investor purchased 47,261 shares of the company’s stock, valued at approximately $511,000.

A number of other hedge funds also recently bought and sold shares of YMM. Connor Clark & Lunn Investment Management Ltd. increased its position in Full Truck Alliance by 1.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,262 shares of the company’s stock valued at $1,128,000 after acquiring an additional 1,722 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Full Truck Alliance by 2,104.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 21,145 shares of the company’s stock valued at $229,000 after acquiring an additional 20,186 shares during the last quarter. Davis Selected Advisers bought a new position in Full Truck Alliance during the fourth quarter valued at $58,432,000. NS Partners Ltd bought a new position in Full Truck Alliance during the fourth quarter valued at $1,790,000. Finally, Greenwoods Asset Management Hong Kong Ltd. increased its position in Full Truck Alliance by 7.4% during the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 26,019,803 shares of the company’s stock valued at $281,534,000 after acquiring an additional 1,802,420 shares during the last quarter. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Trading Up 0.6 %

NYSE YMM opened at $12.66 on Thursday. Full Truck Alliance Co. Ltd. has a 12 month low of $6.66 and a 12 month high of $13.53. The company’s 50-day moving average price is $11.73 and its 200-day moving average price is $10.07. The stock has a market cap of $13.33 billion, a PE ratio of 30.13 and a beta of 0.25.

Full Truck Alliance Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, April 7th will be issued a dividend of $0.1444 per share. This represents a yield of 0.9%. This is a boost from Full Truck Alliance’s previous annual dividend of $0.14. The ex-dividend date is Monday, April 7th. Full Truck Alliance’s dividend payout ratio is presently 46.34%.

Analysts Set New Price Targets

YMM has been the topic of a number of analyst reports. Industrial Alliance Securities set a $18.00 price objective on shares of Full Truck Alliance in a research report on Thursday, March 6th. Citigroup boosted their price objective on shares of Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. HSBC began coverage on shares of Full Truck Alliance in a report on Wednesday, February 26th. They issued a “buy” rating and a $18.00 price target on the stock. Hsbc Global Res upgraded shares of Full Truck Alliance to a “strong-buy” rating in a report on Wednesday, February 26th. Finally, Barclays upped their price target on shares of Full Truck Alliance from $7.00 to $13.00 and gave the stock an “equal weight” rating in a report on Monday. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Full Truck Alliance has a consensus 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.