Full Truck Alliance Co. Ltd. (NYSE:YMM) Stake Raised by Federated Hermes Inc.

Federated Hermes Inc. increased its position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 67.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,327,381 shares of the company’s stock after purchasing an additional 532,549 shares during the period. Federated Hermes Inc.’s holdings in Full Truck Alliance were worth $14,362,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Full Truck Alliance by 1.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,262 shares of the company’s stock worth $1,128,000 after purchasing an additional 1,722 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Full Truck Alliance by 20.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 20,408 shares of the company’s stock worth $221,000 after purchasing an additional 3,442 shares in the last quarter. abrdn plc raised its holdings in Full Truck Alliance by 22.6% during the fourth quarter. abrdn plc now owns 22,705 shares of the company’s stock worth $246,000 after purchasing an additional 4,187 shares in the last quarter. Geode Capital Management LLC grew its position in Full Truck Alliance by 3.7% in the third quarter. Geode Capital Management LLC now owns 118,404 shares of the company’s stock worth $1,067,000 after buying an additional 4,235 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Full Truck Alliance in the fourth quarter worth approximately $64,000. Institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Trading Up 0.8 %

NYSE YMM opened at $10.45 on Thursday. Full Truck Alliance Co. Ltd. has a 1-year low of $6.66 and a 1-year high of $13.85. The company has a market capitalization of $11.01 billion, a PE ratio of 24.87 and a beta of 0.19. The firm’s fifty day simple moving average is $12.31 and its 200-day simple moving average is $10.83.

Full Truck Alliance Increases Dividend

The business also recently declared an annual dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, April 7th will be paid a $0.1444 dividend. The ex-dividend date 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 39.02%.

Analysts Set New Price Targets

Several research analysts have issued reports on YMM shares. Industrial Alliance Securities set a $18.00 price target on shares of Full Truck Alliance in a research report on Thursday, March 6th. Barclays lifted their price target on shares of Full Truck Alliance from $7.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Monday, March 10th. Hsbc Global Res raised shares of Full Truck Alliance to a “strong-buy” rating in a research note on Wednesday, February 26th. HSBC initiated coverage on shares of Full Truck Alliance in a research note on Wednesday, February 26th. They set a “buy” rating and a $18.00 target price on the stock. Finally, JPMorgan Chase & Co. raised shares of Full Truck Alliance from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $13.00 to $18.00 in a research note on Thursday, March 6th. One investment 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. Based on data from MarketBeat, Full Truck Alliance currently 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.