Yunqi Capital Ltd Sells 2,476,800 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Yunqi Capital Ltd lowered its position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 63.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,438,500 shares of the company’s stock after selling 2,476,800 shares during the quarter. Full Truck Alliance makes up approximately 9.9% of Yunqi Capital Ltd’s holdings, making the stock its 5th biggest holding. Yunqi Capital Ltd owned approximately 0.14% of Full Truck Alliance worth $15,565,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Empower Harvest Management Services Inc. acquired a new position in shares of Full Truck Alliance in the 4th quarter valued at $97,058,000. Davis Selected Advisers acquired a new position in shares of Full Truck Alliance in the 4th quarter valued at $58,432,000. North of South Capital LLP boosted its holdings in shares of Full Truck Alliance by 74.8% in the 4th quarter. North of South Capital LLP now owns 5,692,489 shares of the company’s stock valued at $61,593,000 after purchasing an additional 2,436,130 shares during the last quarter. Greenwoods Asset Management Hong Kong Ltd. boosted its holdings in shares of Full Truck Alliance by 7.4% in the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 26,019,803 shares of the company’s stock valued at $281,534,000 after purchasing an additional 1,802,420 shares during the last quarter. Finally, Alkeon Capital Management LLC boosted its holdings in shares of Full Truck Alliance by 3.9% in the 3rd quarter. Alkeon Capital Management LLC now owns 24,276,570 shares of the company’s stock valued at $218,732,000 after purchasing an additional 921,820 shares during the last quarter. Institutional investors and hedge funds own 39.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on YMM shares. HSBC started coverage on shares of Full Truck Alliance in a research note on Wednesday, February 26th. They issued a “buy” rating and a $18.00 target price on the stock. Citigroup raised 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. JPMorgan Chase & Co. raised shares of Full Truck Alliance from a “neutral” rating to an “overweight” rating and raised their target price for the company from $13.00 to $18.00 in a research note on Thursday. Finally, Hsbc Global Res raised shares of Full Truck Alliance to a “strong-buy” rating in a research note on Wednesday, February 26th. 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. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $14.50.

Full Truck Alliance Price Performance

Full Truck Alliance stock opened at $13.22 on Friday. The firm’s fifty day moving average price is $11.63 and its 200 day moving average price is $9.96. The company has a market capitalization of $13.92 billion, a price-to-earnings ratio of 31.47 and a beta of 0.25. Full Truck Alliance Co. Ltd. has a 12-month low of $6.18 and a 12-month high of $13.53.

Full Truck Alliance Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, April 18th. Stockholders of record on Monday, April 7th will be given a $0.1444 dividend. The ex-dividend date is Monday, April 7th. This represents a dividend yield of 0.9%. This is an increase from Full Truck Alliance’s previous annual dividend of $0.14. Full Truck Alliance’s payout ratio is presently 46.34%.

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.