Polymer Capital Management HK LTD Cuts Stock Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Polymer Capital Management HK LTD cut its position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 8.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 430,672 shares of the company’s stock after selling 38,328 shares during the quarter. Polymer Capital Management HK LTD’s holdings in Full Truck Alliance were worth $4,660,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of YMM. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Full Truck Alliance by 1.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,262 shares of the company’s stock worth $1,128,000 after acquiring an additional 1,722 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Full Truck Alliance by 20.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 20,408 shares of the company’s stock worth $221,000 after purchasing an additional 3,442 shares during the last quarter. abrdn plc boosted its holdings 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 valued at $246,000 after acquiring an additional 4,187 shares during the last quarter. Geode Capital Management LLC grew its position in Full Truck Alliance by 3.7% in 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. Finally, SBI Securities Co. Ltd. purchased a new stake in Full Truck Alliance during the fourth quarter valued at $64,000. 39.02% of the stock is currently owned by institutional investors.

Full Truck Alliance Stock Down 11.6 %

YMM opened at $11.08 on Friday. The company has a market cap of $11.67 billion, a PE ratio of 26.37 and a beta of 0.19. The company has a 50-day moving average price of $12.41 and a 200 day moving average price of $10.75. Full Truck Alliance Co. Ltd. has a twelve month low of $6.66 and a twelve month high of $13.85.

Full Truck Alliance Increases Dividend

The business also recently announced an annual dividend, which will be paid on Thursday, April 17th. Shareholders 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. This represents a yield of 0.9%. The ex-dividend date is Monday, April 7th. Full Truck Alliance’s dividend payout ratio is presently 39.02%.

Analyst Upgrades and Downgrades

YMM has been the topic of several recent research reports. Barclays raised their price objective on Full Truck Alliance from $7.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. Hsbc Global Res raised shares of Full Truck Alliance to a “strong-buy” rating in a report on Wednesday, February 26th. HSBC assumed coverage on Full Truck Alliance in a research note on Wednesday, February 26th. They issued a “buy” rating and a $18.00 price objective for the company. Industrial Alliance Securities set a $18.00 target price on Full Truck Alliance in a research report on Thursday, March 6th. Finally, Citigroup lifted their price objective on shares of Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $16.40.

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.