Schroder Investment Management Group Purchases 706,122 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Schroder Investment Management Group increased its position in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 460.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 859,444 shares of the company’s stock after buying an additional 706,122 shares during the period. Schroder Investment Management Group owned about 0.08% of Full Truck Alliance worth $9,299,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake 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 acquiring an additional 100,080 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Full Truck Alliance in the 3rd quarter worth approximately $4,218,000. State Street Corp grew its holdings in Full Truck Alliance by 6.4% during the 3rd quarter. State Street Corp now owns 2,609,508 shares of the company’s stock valued at $23,512,000 after buying an additional 155,834 shares in the last quarter. XTX Topco Ltd raised its position in shares of Full Truck Alliance by 318.2% during the third quarter. XTX Topco Ltd now owns 164,281 shares of the company’s stock valued at $1,480,000 after buying an additional 125,001 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Full Truck Alliance during the third quarter worth $3,525,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Hsbc Global Res upgraded Full Truck Alliance to a “strong-buy” rating in a research report on Wednesday, February 26th. HSBC started coverage on shares of Full Truck Alliance in a research report on Wednesday, February 26th. They set a “buy” rating and a $18.00 target price on the stock. JPMorgan Chase & Co. upgraded Full Truck Alliance from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $13.00 to $18.00 in a research report on Thursday, March 6th. Citigroup upped their price objective on Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, Industrial Alliance Securities set a $18.00 target price on Full Truck Alliance in a research report on Thursday, March 6th. One 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 stock. According to data from MarketBeat, Full Truck Alliance has an average rating of “Buy” and an average price target of $16.40.

Full Truck Alliance Stock Performance

Shares of YMM stock opened at $11.08 on Friday. The stock has a 50 day moving average price of $12.41 and a 200 day moving average price of $10.73. The firm has a market capitalization of $11.67 billion, a P/E ratio of 26.37 and a beta of 0.25. Full Truck Alliance Co. Ltd. has a 52-week low of $6.66 and a 52-week high of $13.85.

Full Truck Alliance Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, April 7th will be given a $0.1444 dividend. 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 of this dividend is Monday, April 7th. Full Truck Alliance’s payout ratio is 39.02%.

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.