Quantbot Technologies LP Sells 45,637 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Quantbot Technologies LP lowered its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 37.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,621 shares of the company’s stock after selling 45,637 shares during the quarter. Quantbot Technologies LP’s holdings in Full Truck Alliance were worth $818,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in YMM. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Full Truck Alliance by 1.7% in the 4th 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. abrdn plc boosted its holdings in shares of Full Truck Alliance by 22.6% in the 4th quarter. abrdn plc now owns 22,705 shares of the company’s stock worth $246,000 after purchasing an additional 4,187 shares during the period. Geode Capital Management LLC increased its position in shares of Full Truck Alliance by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 118,404 shares of the company’s stock valued at $1,067,000 after purchasing an additional 4,235 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Full Truck Alliance during the 4th quarter valued at $64,000. Finally, Blue Trust Inc. lifted its position in Full Truck Alliance by 120.9% in the fourth quarter. Blue Trust Inc. now owns 22,090 shares of the company’s stock worth $239,000 after buying an additional 12,091 shares during the last quarter. 39.02% of the stock is owned by hedge funds and other institutional investors.

Full Truck Alliance Stock Performance

Shares of NYSE:YMM opened at $12.94 on Thursday. The firm’s 50 day simple moving average is $12.22 and its 200-day simple moving average is $10.49. Full Truck Alliance Co. Ltd. has a one year low of $6.66 and a one year high of $13.85. The firm has a market cap of $13.63 billion, a PE ratio of 30.81 and a beta of 0.25.

Full Truck Alliance Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Citigroup increased their target price on shares of Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. 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 research report on Wednesday, February 26th. They set a “buy” rating and a $18.00 target price for the company. Barclays increased their price target on Full Truck Alliance from $7.00 to $13.00 and gave the stock an “equal weight” rating in a report on Monday, March 10th. Finally, JPMorgan Chase & Co. upgraded 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 report on Thursday, March 6th. One investment 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’s stock. Based on data from MarketBeat.com, Full Truck Alliance has a consensus rating of “Buy” and an average price target of $16.40.

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.