Full Truck Alliance Target of Unusually High Options Trading (NYSE:YMM)

Full Truck Alliance Co. Ltd. (NYSE:YMM) saw some unusual options trading on Tuesday. Stock investors purchased 6,319 put options on the company. This is an increase of 218% compared to the typical volume of 1,990 put options.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on YMM. JPMorgan Chase & Co. raised shares of Full Truck Alliance from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $13.00 to $18.00 in a report on Thursday, March 6th. Barclays lifted 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 research note on Monday, March 10th. 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 target on the stock. Citigroup lifted 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, Industrial Alliance Securities set a $18.00 target price on Full Truck Alliance in a research note on Thursday, March 6th. One analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Full Truck Alliance has an average rating of “Buy” and a consensus price target of $16.40.

Full Truck Alliance Stock Performance

NYSE:YMM opened at $12.94 on Thursday. The stock’s fifty day moving average price is $12.22 and its two-hundred day moving average price is $10.49. The company has a market cap of $13.63 billion, a price-to-earnings ratio of 30.81 and a beta of 0.25. Full Truck Alliance has a 52-week low of $6.66 and a 52-week high of $13.85.

Full Truck Alliance Increases Dividend

The company 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 $0.1444 dividend. This is a boost 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 yield of 0.9%. Full Truck Alliance’s dividend payout ratio (DPR) is currently 39.02%.

Institutional Trading of Full Truck Alliance

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Full Truck Alliance during the 4th quarter worth approximately $64,000. Townsquare Capital LLC acquired a new stake in Full Truck Alliance during the 4th quarter worth $111,000. Wolverine Trading LLC bought a new stake in shares of Full Truck Alliance during the 4th quarter valued at $115,000. Vise Technologies Inc. acquired a new position in shares of Full Truck Alliance in the 4th quarter valued at $130,000. Finally, Truist Financial Corp bought a new position in shares of Full Truck Alliance in the 4th quarter worth $143,000. 39.02% of the stock is owned by institutional investors.

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.