EverSource Wealth Advisors LLC Acquires 20,186 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

EverSource Wealth Advisors LLC raised its stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 2,104.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,145 shares of the company’s stock after acquiring an additional 20,186 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Full Truck Alliance were worth $229,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. abrdn plc boosted its position in Full Truck Alliance by 22.6% during the fourth quarter. abrdn plc now owns 22,705 shares of the company’s stock valued at $246,000 after purchasing an additional 4,187 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Full Truck Alliance by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 118,404 shares of the company’s stock valued at $1,067,000 after buying an additional 4,235 shares in the last quarter. Harvest Fund Management Co. Ltd grew its position in shares of Full Truck Alliance by 1.0% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 545,517 shares of the company’s stock worth $4,910,000 after buying an additional 5,660 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Full Truck Alliance during the 4th quarter worth approximately $64,000. Finally, Crossmark Global Holdings Inc. lifted its position in Full Truck Alliance by 44.1% during the third quarter. Crossmark Global Holdings Inc. now owns 30,102 shares of the company’s stock valued at $272,000 after acquiring an additional 9,210 shares during the last quarter. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

YMM has been the topic of several analyst reports. Industrial Alliance Securities set a $18.00 price target on shares of Full Truck Alliance in a report on Thursday, March 6th. Barclays upped their target price on Full Truck Alliance from $7.00 to $13.00 and gave the company an “equal weight” rating in a research report on Monday, March 10th. Citigroup raised their price target on Full Truck Alliance from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. upgraded shares of Full Truck Alliance from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $13.00 to $18.00 in a report on Thursday, March 6th. Finally, HSBC began 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 for the company. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $16.40.

Full Truck Alliance Stock Performance

Shares of YMM stock opened at $12.90 on Monday. Full Truck Alliance Co. Ltd. has a fifty-two week low of $6.66 and a fifty-two week high of $13.53. The firm has a market capitalization of $13.59 billion, a PE ratio of 30.70 and a beta of 0.25. The stock’s 50-day simple moving average is $11.81 and its 200-day simple moving average is $10.17.

Full Truck Alliance Increases Dividend

The firm also recently declared 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 dividend payout ratio (DPR) is currently 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.