Caxton Associates LP Lowers Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Caxton Associates LP decreased its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,122 shares of the company’s stock after selling 1,487 shares during the quarter. Caxton Associates LP’s holdings in Full Truck Alliance were worth $899,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in Full Truck Alliance in the 4th quarter valued at about $64,000. Townsquare Capital LLC purchased a new stake in shares of Full Truck Alliance in the 4th quarter valued at approximately $111,000. Truist Financial Corp acquired a new position in shares of Full Truck Alliance in the 4th quarter worth approximately $143,000. Savant Capital LLC purchased a new position in shares of Full Truck Alliance during the 4th quarter worth approximately $194,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Full Truck Alliance in the 3rd quarter valued at approximately $207,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Stock Performance

YMM stock opened at $12.09 on Wednesday. The company’s 50 day moving average price is $11.83 and its 200 day moving average price is $11.05. The firm has a market capitalization of $12.64 billion, a price-to-earnings ratio of 28.77 and a beta of 0.20. Full Truck Alliance Co. Ltd. has a fifty-two week low of $6.66 and a fifty-two week high of $13.85.

Full Truck Alliance Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, April 7th were issued a $0.1444 dividend. This represents a dividend yield of 0.9%. This is a positive change from Full Truck Alliance’s previous annual dividend of $0.14. The ex-dividend date of this dividend was Monday, April 7th. Full Truck Alliance’s dividend payout ratio (DPR) is presently 39.02%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. HSBC began coverage on Full Truck Alliance in a research note on Wednesday, February 26th. They set a “buy” rating and a $18.00 price target on the stock. Barclays lifted their target price on Full Truck Alliance from $7.00 to $13.00 and gave the company an “equal weight” rating in a research report on Monday, March 10th. JPMorgan Chase & Co. cut shares of Full Truck Alliance from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $18.00 to $10.00 in a research report on Monday, April 14th. Industrial Alliance Securities set a $18.00 price objective on shares of Full Truck Alliance in a report on Thursday, March 6th. Finally, Hsbc Global Res upgraded shares of Full Truck Alliance to a “strong-buy” rating in a report on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Full Truck Alliance currently has a consensus rating of “Buy” and an average target price of $14.80.

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.