Full Truck Alliance Co. Ltd. (NYSE:YMM) Holdings Cut by Ramirez Asset Management Inc.

Ramirez Asset Management Inc. trimmed its stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 226,732 shares of the company’s stock after selling 4,990 shares during the quarter. Ramirez Asset Management Inc.’s holdings in Full Truck Alliance were worth $2,453,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new stake in Full Truck Alliance in the fourth quarter valued at $64,000. Truist Financial Corp bought a new stake in Full Truck Alliance in the 4th quarter valued at about $143,000. Savant Capital LLC acquired a new position in Full Truck Alliance during the 4th quarter valued at about $194,000. Wilmington Savings Fund Society FSB bought a new position in Full Truck Alliance in the 3rd quarter worth about $207,000. Finally, EverSource Wealth Advisors LLC raised its stake in Full Truck Alliance by 2,104.9% during the 4th 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 in the last quarter. Institutional investors own 39.02% of the company’s stock.

Analyst Upgrades and Downgrades

YMM has been the subject of several research reports. Hsbc Global Res raised Full Truck Alliance to a “strong-buy” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. raised shares of Full Truck Alliance from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $13.00 to $18.00 in a research report on Thursday, March 6th. Citigroup lifted their price target on Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. HSBC started coverage on Full Truck Alliance in a report on Wednesday, February 26th. They set a “buy” rating and a $18.00 price objective on the stock. Finally, Industrial Alliance Securities set a $18.00 price objective on shares of Full Truck Alliance in a research note on Thursday, March 6th. One 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 company’s stock. According to MarketBeat.com, Full Truck Alliance presently has an average rating of “Buy” and an average price target of $16.40.

Full Truck Alliance Stock Performance

NYSE YMM opened at $13.30 on Friday. Full Truck Alliance Co. Ltd. has a twelve month low of $6.66 and a twelve month high of $13.85. The stock has a market cap of $14.01 billion, a PE ratio of 31.66 and a beta of 0.25. The firm has a 50-day simple moving average of $12.27 and a 200 day simple moving average of $10.51.

Full Truck Alliance Increases Dividend

The company also recently announced an annual dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, April 7th will be given a $0.1444 dividend. This is a boost from Full Truck Alliance’s previous annual dividend of $0.14. This represents a yield of 0.9%. The ex-dividend date of this dividend is Monday, April 7th. Full Truck Alliance’s dividend payout ratio (DPR) is 39.02%.

Full Truck Alliance Company 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.