Numerai GP LLC Acquires Shares of 171,536 Full Truck Alliance Co. Ltd. (NYSE:YMM)

Numerai GP LLC acquired a new position in Full Truck Alliance Co. Ltd. (NYSE:YMM) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 171,536 shares of the company’s stock, valued at approximately $1,856,000.

Other large investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Full Truck Alliance during the 4th quarter valued at about $64,000. Townsquare Capital LLC purchased a new position in Full Truck Alliance during the fourth quarter worth approximately $111,000. Truist Financial Corp acquired a new stake in Full Truck Alliance in the fourth quarter valued at approximately $143,000. Jasper Ridge Partners L.P. purchased a new stake in shares of Full Truck Alliance in the fourth quarter valued at approximately $149,000. Finally, Savant Capital LLC purchased a new stake in shares of Full Truck Alliance in the fourth quarter valued at approximately $194,000. Institutional investors and hedge funds own 39.02% of the company’s stock.

Wall Street Analysts Forecast Growth

YMM has been the topic of a number of recent analyst reports. Industrial Alliance Securities set a $18.00 target price on Full Truck Alliance in a research report on Thursday, March 6th. JPMorgan Chase & Co. cut shares of Full Truck Alliance from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $18.00 to $10.00 in a research report on Monday, April 14th. HSBC began coverage on shares of Full Truck Alliance in a report on Wednesday, February 26th. They set a “buy” rating and a $18.00 price objective on the stock. Barclays boosted their target price on shares of Full Truck Alliance from $7.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. Finally, Hsbc Global Res raised shares of Full Truck Alliance to a “strong-buy” rating in a research note on Wednesday, February 26th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.80.

Full Truck Alliance Stock Performance

NYSE YMM opened at $12.69 on Wednesday. The business has a fifty day moving average price of $11.80 and a 200 day moving average price of $11.15. The company has a market cap of $13.27 billion, a P/E ratio of 30.22 and a beta of 0.20. Full Truck Alliance Co. Ltd. has a one year low of $6.66 and a one year high of $13.85.

Full Truck Alliance Increases Dividend

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