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

Key Points

• Daiwa Securities Group downgraded Full Truck Alliance (NYSE:YMM) from "buy" to "neutral" and set a $9.00 target (about a 1.6% upside), while the Street consensus is a "Hold" with an average target of $11.43 and mixed analyst ratings (2 Buy, 3 Hold, 1 Sell).
• Shares fell about 1.4% to $8.86 on Friday after the company reported Q results of $0.14 EPS (in line with estimates) and revenue of $456.3M versus an analyst figure cited at $3.13B, and roughly 39% of the stock is held by institutional investors who have been increasing positions.

Full Truck Alliance (NYSE:YMM - Get Free Report) was downgraded by investment analysts at Daiwa Securities Group from a "buy" rating to a "neutral" rating in a research report issued on Friday, Marketbeat.com reports. They currently have a $9.00 target price on the stock. Daiwa Securities Group's target price would indicate a potential upside of 1.64% from the company's current price.

Several other brokerages have also recently commented on YMM. Morgan Stanley reaffirmed an "overweight" rating on shares of Full Truck Alliance in a research note on Thursday. Jefferies Financial Group set a $13.00 price target on shares of Full Truck Alliance in a report on Monday, November 17th. JPMorgan Chase & Co. cut shares of Full Truck Alliance from a "neutral" rating to an "underweight" rating and decreased their price target for the stock from $11.00 to $8.00 in a report on Monday, January 12th. iA Financial set a $8.00 price objective on Full Truck Alliance in a research note on Monday, January 12th. Finally, Barclays reduced their target price on Full Truck Alliance from $13.00 to $12.00 and set an "equal weight" rating for the company in a research report on Wednesday, November 19th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Full Truck Alliance has a consensus rating of "Hold" and an average target price of $11.43.

Full Truck Alliance Stock Down 1.4%

Shares of NYSE:YMM traded down $0.13 during midday trading on Friday, reaching $8.86. 4,962,921 shares of the company traded hands, compared to its average volume of 9,116,891. The firm's fifty day moving average price is $9.82 and its two-hundred day moving average price is $11.45. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of 16.59 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 - Get Free Report) last posted its earnings results on Thursday, March 12th. The company reported $0.14 earnings per share for the quarter, meeting analysts' consensus estimates of $0.14. Full Truck Alliance had a return on equity of 11.33% and a net margin of 31.92%.The business had revenue of $456.32 million during the quarter, compared to analyst estimates of $3.13 billion. Analysts forecast that Full Truck Alliance will post 0.46 earnings per share for the current year.

Institutional Trading of Full Truck Alliance

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.