Full Truck Alliance Co. Ltd. (NYSE:YMM) is IvyRock Asset Management HK Ltd’s 6th Largest Position

IvyRock Asset Management HK Ltd lowered its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 27.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,023,100 shares of the company’s stock after selling 392,100 shares during the quarter. Full Truck Alliance accounts for 4.9% of IvyRock Asset Management HK Ltd’s portfolio, making the stock its 6th largest position. IvyRock Asset Management HK Ltd’s holdings in Full Truck Alliance were worth $11,070,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in Full Truck Alliance during the 4th quarter worth approximately $64,000. Truist Financial Corp purchased a new stake in Full Truck Alliance in the 4th quarter worth $143,000. Savant Capital LLC purchased a new position in shares of Full Truck Alliance in the fourth quarter valued at about $194,000. EverSource Wealth Advisors LLC grew its position in shares of Full Truck Alliance by 2,104.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 21,145 shares of the company’s stock worth $229,000 after purchasing an additional 20,186 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Full Truck Alliance by 120.9% in the 4th quarter. Blue Trust Inc. now owns 22,090 shares of the company’s stock worth $239,000 after purchasing an additional 12,091 shares in the last quarter. Institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Stock Up 1.6 %

NYSE YMM opened at $13.34 on Tuesday. Full Truck Alliance Co. Ltd. has a 52 week low of $6.66 and a 52 week high of $13.85. The company has a 50 day moving average price of $12.15 and a 200 day moving average price of $10.43. The firm has a market cap of $14.05 billion, a PE ratio of 31.75 and a beta of 0.25.

Full Truck Alliance Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Thursday, April 17th. Stockholders 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 an increase 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 is presently 39.02%.

Analyst Upgrades and Downgrades

Several research analysts have commented on YMM shares. Hsbc Global Res raised shares of Full Truck Alliance to a “strong-buy” rating in a report on Wednesday, February 26th. Barclays increased their price target on Full Truck Alliance from $7.00 to $13.00 and gave the company an “equal weight” rating in a report on Monday, March 10th. Citigroup lifted their price objective on shares of Full Truck Alliance from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Industrial Alliance Securities set a $18.00 target price on shares of Full Truck Alliance in a report on Thursday, March 6th. Finally, HSBC began coverage on Full Truck Alliance in a report on Wednesday, February 26th. They issued a “buy” rating and a $18.00 target price for the company. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Full Truck Alliance presently has a consensus rating of “Buy” and an average price target of $16.40.

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.