Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Shares Acquired by Aspex Management HK Ltd

Key Points

• Aspex Management HK Ltd increased its position in Full Truck Alliance by 5.8% in Q3 to 23,763,953 shares (about 2.27% of the company), valued at roughly $308.2 million and making YMM its sixth-largest holding (~6.5% of Aspex’s portfolio).
• Full Truck Alliance reported Q4 EPS of $0.14 (in line with estimates) and a healthy net margin (~30%+), but left Q1 guidance incomplete; the stock traded down ~2.1% to $8.80 amid mixed analyst views (consensus "Hold" and $11.43 average target, while Daiwa downgraded to Neutral with a $9 target).

Aspex Management HK Ltd lifted its position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 5.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,763,953 shares of the company's stock after purchasing an additional 1,308,330 shares during the quarter. Full Truck Alliance makes up about 6.5% of Aspex Management HK Ltd's investment portfolio, making the stock its 6th largest position. Aspex Management HK Ltd owned 2.27% of Full Truck Alliance worth $308,218,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in Full Truck Alliance by 274.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company's stock valued at $46,000 after buying an additional 2,845 shares in the last quarter. Headlands Technologies LLC bought a new position in Full Truck Alliance in the 2nd quarter worth approximately $111,000. Daiwa Securities Group Inc. acquired a new position in Full Truck Alliance during the 2nd quarter worth $118,000. Oppenheimer Asset Management Inc. bought a new position in Full Truck Alliance in the 3rd quarter valued at $142,000. Finally, CI Investments Inc. lifted its stake in shares of Full Truck Alliance by 10.7% during the third quarter. CI Investments Inc. now owns 10,924 shares of the company's stock valued at $142,000 after acquiring an additional 1,052 shares during the period. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Full Truck Alliance

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 Trading Down 2.1%

YMM opened at $8.80 on Friday. The company's 50 day moving average is $9.77 and its 200-day moving average is $11.43. The company has a market cap of $9.20 billion, a P/E ratio of 14.66 and a beta of 0.23. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $8.68 and a 1-year high of $14.07.

Full Truck Alliance (NYSE:YMM - Get Free Report) last issued its quarterly earnings data on Thursday, March 12th. The company reported $0.14 earnings per share for the quarter, hitting analysts' consensus estimates of $0.14. The business had revenue of $456.32 million for the quarter, compared to analyst estimates of $3.13 billion. Full Truck Alliance had a return on equity of 11.51% and a net margin of 35.22%. On average, equities analysts forecast that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.46 EPS for the current year.

Wall Street Analysts Forecast Growth

YMM has been the topic of a number of research reports. iA Financial set a $8.00 target price on shares of Full Truck Alliance in a research report on Monday, January 12th. Jefferies Financial Group set a $13.00 price target on Full Truck Alliance in a research note on Monday, November 17th. Daiwa Securities Group lowered shares of Full Truck Alliance from a "buy" rating to a "neutral" rating and set a $9.00 target price on the stock. in a report on Friday. Barclays decreased their price target on shares of Full Truck Alliance from $13.00 to $12.00 and set an "equal weight" rating for the company in a report on Wednesday, November 19th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Full Truck Alliance in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $11.43.

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.

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