Aigen Investment Management LP Has $413,000 Stock Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Aigen Investment Management LP lifted its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 127.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,131 shares of the company’s stock after acquiring an additional 21,378 shares during the period. Aigen Investment Management LP’s holdings in Full Truck Alliance were worth $413,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new stake in shares of Full Truck Alliance in the fourth quarter worth $64,000. Capital Wealth Planning LLC acquired a new stake in shares of Full Truck Alliance in the fourth quarter worth $1,395,000. Veritas Asset Management LLP acquired a new stake in shares of Full Truck Alliance in the fourth quarter worth $789,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Full Truck Alliance in the fourth quarter worth $647,000. Finally, North of South Capital LLP grew its stake in shares of Full Truck Alliance by 74.8% in the fourth quarter. North of South Capital LLP now owns 5,692,489 shares of the company’s stock worth $61,593,000 after acquiring an additional 2,436,130 shares during the last quarter. Institutional investors and hedge funds own 39.02% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on YMM shares. Hsbc Global Res upgraded shares of Full Truck Alliance to a “strong-buy” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. raised Full Truck Alliance from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $13.00 to $18.00 in a research report on Thursday. Citigroup raised their target price on Full Truck Alliance from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, HSBC started coverage on Full Truck Alliance in a research report on Wednesday, February 26th. They issued a “buy” rating and a $18.00 target price for the company. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Full Truck Alliance currently has an average rating of “Buy” and an average price target of $14.50.

Full Truck Alliance Price Performance

Shares of YMM stock opened at $13.22 on Friday. The stock has a market cap of $13.92 billion, a P/E ratio of 31.47 and a beta of 0.25. The stock has a fifty day moving average price of $11.58 and a 200 day moving average price of $9.91. Full Truck Alliance Co. Ltd. has a one year low of $6.18 and a one year high of $13.53.

Full Truck Alliance Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, April 18th. Shareholders of record on Monday, April 7th will be issued a dividend of $0.1444 per share. The ex-dividend date of this dividend is Monday, April 7th. This is a boost 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 presently 46.34%.

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.