Full Truck Alliance (NYSE:YMM) Sets New 1-Year High – Should You Buy?

Full Truck Alliance Co. Ltd. (NYSE:YMM) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $13.63 and last traded at $13.62, with a volume of 3576894 shares. The stock had previously closed at $12.91.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. HSBC assumed coverage on Full Truck Alliance in a report on Wednesday, February 26th. They issued a “buy” rating and a $18.00 price objective for the company. Barclays upped their price objective 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. Industrial Alliance Securities set a $18.00 price objective on Full Truck Alliance in a report on Thursday, March 6th. JPMorgan Chase & Co. upgraded Full Truck Alliance from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $13.00 to $18.00 in a report on Thursday, March 6th. Finally, Citigroup increased their target price on Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $16.40.

Full Truck Alliance Trading Down 1.3 %

The company has a market capitalization of $14.23 billion, a PE ratio of 32.16 and a beta of 0.25. The firm has a fifty day moving average of $11.93 and a two-hundred day moving average of $10.26.

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. This is a positive change from Full Truck Alliance’s previous annual dividend of $0.14. The ex-dividend date of this dividend is Monday, April 7th. This represents a yield of 0.9%. Full Truck Alliance’s dividend payout ratio is presently 39.02%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. FIL Ltd raised its position in shares of Full Truck Alliance by 83.0% in the 4th quarter. FIL Ltd now owns 51,730,620 shares of the company’s stock worth $559,725,000 after acquiring an additional 23,468,794 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Full Truck Alliance by 37.8% in the 4th quarter. JPMorgan Chase & Co. now owns 37,875,367 shares of the company’s stock worth $409,811,000 after acquiring an additional 10,383,716 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Full Truck Alliance by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 28,943,043 shares of the company’s stock worth $313,164,000 after acquiring an additional 295,301 shares in the last quarter. Greenwoods Asset Management Hong Kong Ltd. increased its position in Full Truck Alliance by 7.4% during 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 buying an additional 1,802,420 shares in the last quarter. Finally, Alkeon Capital Management LLC increased its position in Full Truck Alliance by 3.9% during the 3rd quarter. Alkeon Capital Management LLC now owns 24,276,570 shares of the company’s stock valued at $218,732,000 after buying an additional 921,820 shares in the last quarter. Institutional investors own 39.02% of the company’s stock.

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.