Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 891,591 shares of the company’s stock after selling 20,420 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.08% of Full Truck Alliance worth $9,647,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. abrdn plc grew its stake in shares of Full Truck Alliance by 22.6% during the 4th quarter. abrdn plc now owns 22,705 shares of the company’s stock worth $246,000 after purchasing an additional 4,187 shares during the period. Geode Capital Management LLC grew its stake in shares of Full Truck Alliance by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 118,404 shares of the company’s stock worth $1,067,000 after purchasing an additional 4,235 shares during the period. Harvest Fund Management Co. Ltd grew its stake in shares of Full Truck Alliance by 1.0% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 545,517 shares of the company’s stock worth $4,910,000 after purchasing an additional 5,660 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Full Truck Alliance during the 4th quarter worth approximately $64,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Full Truck Alliance by 13.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 102,540 shares of the company’s stock worth $924,000 after purchasing an additional 11,894 shares during the period. Institutional investors and hedge funds own 39.02% of the company’s stock.

Full Truck Alliance Stock Down 1.0 %

Shares of YMM opened at $13.14 on Friday. Full Truck Alliance Co. Ltd. has a 52-week low of $6.66 and a 52-week high of $13.85. The firm’s fifty day moving average is $12.10 and its two-hundred day moving average is $10.36. The stock has a market cap of $13.84 billion, a PE ratio of 31.27 and a beta of 0.25.

Full Truck Alliance Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, April 7th will be paid a dividend of $0.1444 per share. This represents a 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 payout ratio is 39.02%.

Wall Street Analysts Forecast Growth

YMM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Full Truck Alliance from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $13.00 to $18.00 in a research note on Thursday, March 6th. Barclays lifted their price target 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. Industrial Alliance Securities set a $18.00 price target on shares of Full Truck Alliance in a research note on Thursday, March 6th. Hsbc Global Res raised shares of Full Truck Alliance to a “strong-buy” rating in a research note on Wednesday, February 26th. 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 research note on Tuesday, December 10th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $16.40.

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.