Full Truck Alliance (NYSE:YMM) Sees Large Volume Increase – Still a Buy?

Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) saw strong trading volume on Friday . 15,986,229 shares were traded during trading, an increase of 75% from the previous session’s volume of 9,160,008 shares.The stock last traded at $9.76 and had previously closed at $10.23.

Analyst Ratings Changes

A number of equities analysts recently commented on YMM shares. Industrial Alliance Securities set a $18.00 price target on Full Truck Alliance in a research note on Thursday, March 6th. Barclays lifted 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. JPMorgan Chase & Co. raised Full Truck Alliance from a “neutral” rating to an “overweight” rating and upped their price target for the company from $13.00 to $18.00 in a research report on Thursday, March 6th. HSBC began coverage on shares of Full Truck Alliance in a report on Wednesday, February 26th. They issued a “buy” rating and a $18.00 price objective for the company. Finally, Hsbc Global Res raised shares of Full Truck Alliance to a “strong-buy” rating in a report on Wednesday, February 26th. One research 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. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $16.40.

Full Truck Alliance Trading Down 5.6 %

The stock has a 50-day moving average of $12.26 and a 200-day moving average of $10.85. The firm has a market cap of $10.17 billion, a price-to-earnings ratio of 22.99 and a beta of 0.19.

Full Truck Alliance Increases Dividend

The company also recently declared 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 is an increase from Full Truck Alliance’s previous annual dividend of $0.14. The ex-dividend date of this dividend is Monday, April 7th. This represents a dividend yield of 0.9%. Full Truck Alliance’s payout ratio is 39.02%.

Institutional Trading of Full Truck Alliance

Large investors have recently added to or reduced their stakes in the business. FIL Ltd lifted its holdings in Full Truck Alliance by 83.0% in the fourth quarter. FIL Ltd now owns 51,730,620 shares of the company’s stock worth $559,725,000 after purchasing an additional 23,468,794 shares during the period. JPMorgan Chase & Co. raised its position in shares of Full Truck Alliance by 37.8% during the 4th quarter. JPMorgan Chase & Co. now owns 37,875,367 shares of the company’s stock worth $409,811,000 after buying an additional 10,383,716 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Full Truck Alliance by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 28,943,043 shares of the company’s stock worth $313,164,000 after acquiring an additional 295,301 shares during the period. Greenwoods Asset Management Hong Kong Ltd. boosted its holdings in shares of 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 valued at $281,534,000 after acquiring an additional 1,802,420 shares in the last quarter. Finally, Aspex Management HK Ltd bought a new position in shares of Full Truck Alliance in the fourth quarter valued at approximately $164,557,000. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Full Truck Alliance Company 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.