Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC reduced its position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 42.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,801 shares of the company’s stock after selling 14,799 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Full Truck Alliance were worth $214,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in YMM. IMC Chicago LLC bought a new stake in Full Truck Alliance during the fourth quarter valued at $263,000. Barclays PLC acquired a new position in shares of Full Truck Alliance in the 3rd quarter valued at about $3,566,000. Maple Brown Abbott Ltd boosted its holdings in shares of Full Truck Alliance by 104.8% in the 4th quarter. Maple Brown Abbott Ltd now owns 117,472 shares of the company’s stock valued at $1,271,000 after buying an additional 60,100 shares during the period. Truist Financial Corp bought a new stake in shares of Full Truck Alliance during the 4th quarter valued at about $143,000. Finally, Franklin Resources Inc. raised its stake in Full Truck Alliance by 31.5% during the third quarter. Franklin Resources Inc. now owns 277,966 shares of the company’s stock worth $2,613,000 after acquiring an additional 66,638 shares during the period. 39.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. HSBC initiated coverage on Full Truck Alliance in a report on Wednesday, February 26th. They set a “buy” rating and a $18.00 target price for the company. JPMorgan Chase & Co. downgraded Full Truck Alliance from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $18.00 to $10.00 in a research note on Monday, April 14th. Hsbc Global Res upgraded Full Truck Alliance to a “strong-buy” rating in a research note on Wednesday, February 26th. Industrial Alliance Securities set a $18.00 price target on shares of Full Truck Alliance in a report on Thursday, March 6th. Finally, Barclays increased their price objective on shares of Full Truck Alliance from $7.00 to $13.00 and gave the stock an “equal weight” rating in a report on Monday, March 10th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Full Truck Alliance presently has a consensus rating of “Moderate Buy” and an average price target of $14.80.

Full Truck Alliance Price Performance

Shares of Full Truck Alliance stock opened at $12.69 on Wednesday. Full Truck Alliance Co. Ltd. has a 1-year low of $6.66 and a 1-year high of $13.85. The business’s fifty day moving average price is $11.80 and its two-hundred day moving average price is $11.15. The company has a market capitalization of $13.27 billion, a P/E ratio of 30.22 and a beta of 0.20.

Full Truck Alliance Increases Dividend

The firm also recently declared 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 represents a dividend yield of 0.9%. This is a positive change from Full Truck Alliance’s previous annual dividend of $0.14. The ex-dividend date was Monday, April 7th. Full Truck Alliance’s dividend payout ratio (DPR) 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.