Erste Asset Management GmbH raised its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 16.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 214,876 shares of the transportation company's stock after acquiring an additional 30,000 shares during the quarter. Erste Asset Management GmbH's holdings in ZTO Express (Cayman) were worth $4,265,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently bought and sold shares of ZTO. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of ZTO Express (Cayman) in the 3rd quarter worth $8,723,000. Fisher Asset Management LLC lifted its stake in shares of ZTO Express (Cayman) by 10.0% during the 3rd quarter. Fisher Asset Management LLC now owns 3,484,318 shares of the transportation company's stock worth $86,307,000 after purchasing an additional 317,450 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of ZTO Express (Cayman) by 112.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 187,114 shares of the transportation company's stock worth $4,635,000 after purchasing an additional 98,877 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of ZTO Express (Cayman) during the 3rd quarter worth $12,407,000. Finally, Confluence Investment Management LLC lifted its stake in shares of ZTO Express (Cayman) by 14.8% during the 4th quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company's stock worth $201,000 after purchasing an additional 1,326 shares during the last quarter. Institutional investors own 41.65% of the company's stock.
ZTO Express (Cayman) Price Performance
ZTO Express (Cayman) stock traded up $0.51 during midday trading on Wednesday, reaching $21.81. The company's stock had a trading volume of 5,667,770 shares, compared to its average volume of 2,717,078. The stock's 50-day simple moving average is $19.43 and its 200-day simple moving average is $20.98. ZTO Express has a 52-week low of $17.89 and a 52-week high of $27.50. The stock has a market capitalization of $13.18 billion, a P/E ratio of 15.04, a PEG ratio of 1.03 and a beta of -0.13.
ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last released its quarterly earnings results on Tuesday, March 18th. The transportation company reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.03). The business had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $11.73 billion. ZTO Express (Cayman) had a net margin of 20.56% and a return on equity of 15.44%. As a group, equities research analysts expect that ZTO Express will post 1.57 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the company. HSBC cut ZTO Express (Cayman) from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $28.00 to $20.00 in a research note on Tuesday, January 21st. StockNews.com cut ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, Hsbc Global Res cut ZTO Express (Cayman) from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $24.53.
View Our Latest Research Report on ZTO Express (Cayman)
ZTO Express (Cayman) Profile
(
Free Report)
ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.
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