Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 37.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,875,367 shares of the company’s stock after buying an additional 10,383,716 shares during the period. JPMorgan Chase & Co.’s holdings in Full Truck Alliance were worth $409,811,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new stake in shares of Full Truck Alliance during the fourth quarter valued at $64,000. Truist Financial Corp acquired a new stake in Full Truck Alliance during the 4th quarter worth about $143,000. Savant Capital LLC purchased a new stake in Full Truck Alliance during the fourth quarter valued at about $194,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Full Truck Alliance in the third quarter worth about $207,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Full Truck Alliance by 2,104.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 21,145 shares of the company’s stock worth $229,000 after acquiring an additional 20,186 shares in the last quarter. Institutional investors and hedge funds own 39.02% of the company’s stock.

Wall Street Analysts Forecast Growth

YMM has been the subject of a number of recent analyst reports. Hsbc Global Res raised shares of Full Truck Alliance to a “strong-buy” rating in a research note on Wednesday, February 26th. HSBC began coverage on Full Truck Alliance in a report on Wednesday, February 26th. They set a “buy” rating and a $18.00 price target on the stock. Barclays increased their price objective on 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. JPMorgan Chase & Co. raised Full Truck Alliance from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $13.00 to $18.00 in a research note on Thursday, March 6th. Finally, Industrial Alliance Securities set a $18.00 target price on Full Truck Alliance in a report on Thursday, March 6th. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $16.40.

Full Truck Alliance Trading Down 3.0 %

Shares of NYSE:YMM opened at $12.89 on Friday. The firm has a market cap of $13.58 billion, a price-to-earnings ratio of 30.68 and a beta of 0.25. Full Truck Alliance Co. Ltd. has a 1 year low of $6.66 and a 1 year high of $13.85. The business has a fifty day simple moving average of $12.30 and a 200 day simple moving average of $10.57.

Full Truck Alliance Increases Dividend

The company also recently declared an annual dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, April 7th will be paid a dividend of $0.1444 per share. 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. This represents a dividend yield of 0.9%. Full Truck Alliance’s dividend payout ratio (DPR) is 39.02%.

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.