Daiwa Securities Group Downgrades Full Truck Alliance (NYSE:YMM) to Neutral

Full Truck Alliance (NYSE:YMM) was downgraded by stock analysts at Daiwa Securities Group from a “buy” rating to a “neutral” rating in a report released on Friday, MarketBeat.com reports. They presently have a $9.00 price objective on the stock. Daiwa Securities Group’s price objective points to a potential upside of 2.33% from the stock’s current price.

Other analysts also recently issued reports about the company. Weiss Ratings downgraded Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 13th. JPMorgan Chase & Co. downgraded Full Truck Alliance from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $11.00 to $8.00 in a research note on Monday, January 12th. Morgan Stanley reiterated an “overweight” rating on shares of Full Truck Alliance in a research report on Thursday. iA Financial set a $8.00 price objective on shares of Full Truck Alliance in a research note on Monday, January 12th. Finally, Jefferies Financial Group set a $13.00 target price on shares of Full Truck Alliance in a report on Monday, November 17th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $11.43.

Full Truck Alliance Trading Down 2.1%

YMM stock opened at $8.80 on Friday. The firm has a 50 day moving average of $9.77 and a 200-day moving average of $11.42. The company has a market cap of $9.20 billion, a price-to-earnings ratio of 14.66 and a beta of 0.23. Full Truck Alliance has a 12-month low of $8.68 and a 12-month high of $14.07.

Full Truck Alliance (NYSE:YMM) last released its quarterly earnings results on Thursday, March 12th. The company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. Full Truck Alliance had a return on equity of 11.51% and a net margin of 35.22%.The business had revenue of $456.32 million for the quarter, compared to analysts’ expectations of $3.13 billion. Sell-side analysts forecast that Full Truck Alliance will post 0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Full Truck Alliance

Several hedge funds have recently bought and sold shares of the stock. First Beijing Investment Ltd lifted its position in shares of Full Truck Alliance by 73.8% in the third quarter. First Beijing Investment Ltd now owns 68,645,580 shares of the company’s stock valued at $890,333,000 after acquiring an additional 29,150,926 shares in the last quarter. FIL Ltd boosted its stake in shares of Full Truck Alliance by 1.6% during the fourth quarter. FIL Ltd now owns 64,382,173 shares of the company’s stock valued at $690,821,000 after acquiring an additional 1,040,793 shares during the last quarter. Invesco Ltd. increased its position in Full Truck Alliance by 7.5% during the 4th quarter. Invesco Ltd. now owns 58,272,671 shares of the company’s stock worth $625,266,000 after purchasing an additional 4,049,322 shares in the last quarter. Schroder Investment Management Group increased its position in Full Truck Alliance by 43.6% during the 4th quarter. Schroder Investment Management Group now owns 47,859,035 shares of the company’s stock worth $513,527,000 after purchasing an additional 14,525,984 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Full Truck Alliance by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 33,004,634 shares of the company’s stock valued at $354,140,000 after purchasing an additional 461,147 shares during the last quarter. Hedge funds and other institutional investors own 39.02% of the company’s stock.

More Full Truck Alliance News

Here are the key news stories impacting Full Truck Alliance this week:

• Positive Sentiment: Company reported strong revenue for fiscal 2025 and described strategic initiatives to expand its digital freight platform — a sign of underlying top‑line traction. This China Logistics Platform Generated $1.8 Billion in Revenue Last Year
• Positive Sentiment: Profitability remains healthy: Q4 EPS matched consensus at $0.14 and the company reported a strong net margin (~31.9%) and double‑digit ROE, supporting the thesis that the business is cash‑generative. PR / MarketBeat Results
• Neutral Sentiment: Management hosted a detailed earnings call and slide presentation; transcripts and decks are available for investors who want forward guidance color and unit economics detail. Earnings Call Transcript
• Neutral Sentiment: The company updated Q1 2026 guidance (entry was incomplete in the release), leaving some uncertainty around near‑term outlook — investors will be watching any follow‑up clarification from management. Earnings Presentation
• Negative Sentiment: An investor reportedly exited a ~$6 million stake after the results, which can signal limited insider/holder conviction and add selling pressure. Investor Exit Report
• Negative Sentiment: Daiwa downgraded YMM from Buy to Neutral and set a $9 price target (roughly flat/slight upside to current levels), reducing the positive analyst momentum that could support the stock. Daiwa Downgrade / Finviz

Full Truck Alliance Company Profile

Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.

The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.