Full Truck Alliance Sees Unusually High Options Volume (NYSE:YMM)

Full Truck Alliance Co. Ltd. (NYSE:YMM) was the target of some unusual options trading on Friday. Traders bought 4,921 call options on the company. This is an increase of approximately 122% compared to the typical volume of 2,213 call options.

Institutional Trading of Full Truck Alliance

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Barclays increased their price objective on shares of 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 upgraded shares of Full Truck Alliance to a “strong-buy” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. upgraded shares of Full Truck Alliance from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $13.00 to $18.00 in a research report on Thursday, March 6th. HSBC initiated coverage on Full Truck Alliance in a report on Wednesday, February 26th. They issued a “buy” rating and a $18.00 target price on the stock. Finally, Industrial Alliance Securities set a $18.00 price target on Full Truck Alliance in a report on Thursday, March 6th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Full Truck Alliance currently has a consensus rating of “Buy” and a consensus price target of $16.40.

Full Truck Alliance Stock Performance

Shares of NYSE:YMM opened at $9.66 on Friday. Full Truck Alliance has a 52-week low of $6.66 and a 52-week high of $13.85. The company has a market capitalization of $10.17 billion, a PE ratio of 22.99 and a beta of 0.19. The company has a fifty day moving average of $12.26 and a 200-day moving average of $10.85.

Full Truck Alliance Increases Dividend

The company also recently announced an annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, April 7th will be given a $0.1444 dividend. The ex-dividend date is Monday, April 7th. This is an increase from Full Truck Alliance’s previous annual dividend of $0.14. This represents a yield of 0.9%. Full Truck Alliance’s dividend payout ratio (DPR) is currently 39.02%.

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.