5,400,391 Shares in Full Truck Alliance Co. Ltd. (NYSE:YMM) Bought by Davis Selected Advisers

Davis Selected Advisers purchased a new position in Full Truck Alliance Co. Ltd. (NYSE:YMM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,400,391 shares of the company’s stock, valued at approximately $58,432,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. NS Partners Ltd purchased a new stake in Full Truck Alliance in the fourth quarter worth $1,790,000. Greenwoods Asset Management Hong Kong Ltd. lifted its stake in Full Truck Alliance by 7.4% in the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 26,019,803 shares of the company’s stock worth $281,534,000 after acquiring an additional 1,802,420 shares during the period. Aigen Investment Management LP lifted its stake in Full Truck Alliance by 127.6% in the fourth quarter. Aigen Investment Management LP now owns 38,131 shares of the company’s stock worth $413,000 after acquiring an additional 21,378 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Full Truck Alliance in the fourth quarter worth $64,000. Finally, Capital Wealth Planning LLC purchased a new stake in Full Truck Alliance in the fourth quarter worth $1,395,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Price Performance

Shares of NYSE:YMM opened at $13.22 on Friday. Full Truck Alliance Co. Ltd. has a 1-year low of $6.18 and a 1-year high of $13.53. The business has a fifty day moving average price of $11.58 and a 200-day moving average price of $9.91. The company has a market capitalization of $13.92 billion, a PE ratio of 31.47 and a beta of 0.25.

Full Truck Alliance Increases Dividend

The business also recently declared an annual dividend, which will be paid on Friday, April 18th. Stockholders of record on Monday, April 7th will be issued 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 (DPR) is presently 46.34%.

Analysts Set New Price Targets

YMM has been the subject of several recent research reports. JPMorgan Chase & Co. raised Full Truck Alliance from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $13.00 to $18.00 in a research report on Thursday. Hsbc Global Res raised Full Truck Alliance to a “strong-buy” rating in a research report on Wednesday, February 26th. Citigroup raised their price objective on Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. 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 price objective for the company. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $14.50.

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.