146,403 Shares in Full Truck Alliance Co. Ltd. (NYSE:YMM) Purchased by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. purchased a new position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) during the fourth quarter, HoldingsChannel reports. The fund purchased 146,403 shares of the company’s stock, valued at approximately $1,584,000.

Other hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in Full Truck Alliance during the fourth quarter worth about $64,000. Truist Financial Corp bought a new position in Full Truck Alliance in the 4th quarter valued at about $143,000. Savant Capital LLC bought a new position in Full Truck Alliance in the 4th quarter valued at about $194,000. Wilmington Savings Fund Society FSB bought a new position in Full Truck Alliance in the 3rd quarter valued at about $207,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Full Truck Alliance by 2,104.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 21,145 shares of the company’s stock valued at $229,000 after buying an additional 20,186 shares during the period. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Trading Down 1.0 %

Shares of Full Truck Alliance stock opened at $13.14 on Friday. The firm has a market capitalization of $13.84 billion, a PE ratio of 31.27 and a beta of 0.25. The firm’s 50 day moving average is $12.10 and its 200 day moving average is $10.34. Full Truck Alliance Co. Ltd. has a 1 year low of $6.66 and a 1 year high of $13.85.

Full Truck Alliance Increases Dividend

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

Analyst Ratings Changes

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

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.