Trexquant Investment LP Acquires 305,672 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Trexquant Investment LP increased its stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 324.4% during the fourth quarter, HoldingsChannel reports. The fund owned 399,891 shares of the company’s stock after acquiring an additional 305,672 shares during the quarter. Trexquant Investment LP’s holdings in Full Truck Alliance were worth $4,327,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of YMM. SBI Securities Co. Ltd. bought a new position in shares of Full Truck Alliance during the 4th quarter worth about $64,000. Truist Financial Corp bought a new position in Full Truck Alliance during the fourth quarter valued at about $143,000. Savant Capital LLC acquired a new position in Full Truck Alliance in the 4th quarter valued at approximately $194,000. O Shaughnessy Asset Management LLC lifted its position in shares of Full Truck Alliance by 20.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 20,408 shares of the company’s stock worth $221,000 after acquiring an additional 3,442 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Full Truck Alliance by 2,104.9% during the 4th 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. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Barclays raised their target price on 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. Industrial Alliance Securities set a $18.00 target price on shares of Full Truck Alliance in a research report on Thursday, March 6th. Hsbc Global Res raised shares of Full Truck Alliance to a “strong-buy” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. upgraded 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 research note on Thursday, March 6th. Finally, HSBC initiated coverage on Full Truck Alliance in a research report on Wednesday, February 26th. They set a “buy” rating and a $18.00 target price for the company. One 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $16.40.

Full Truck Alliance Price Performance

Shares of YMM opened at $11.08 on Friday. The company has a market capitalization of $11.67 billion, a P/E ratio of 26.37 and a beta of 0.19. Full Truck Alliance Co. Ltd. has a one year low of $6.66 and a one year high of $13.85. The business’s 50 day simple moving average is $12.41 and its 200-day simple moving average is $10.75.

Full Truck Alliance Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, April 7th will be issued a dividend of $0.1444 per share. This represents a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, April 7th. This is a boost from Full Truck Alliance’s previous annual dividend of $0.14. Full Truck Alliance’s dividend payout ratio is presently 39.02%.

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.