Portman Square Capital LLP Sells 21,694,930 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

Portman Square Capital LLP lessened its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 99.7% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 72,455 shares of the transportation company's stock after selling 21,694,930 shares during the quarter. ZTO Express (Cayman) comprises about 0.0% of Portman Square Capital LLP's portfolio, making the stock its 11th largest holding. Portman Square Capital LLP's holdings in ZTO Express (Cayman) were worth $1,517,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of ZTO. Nordea Investment Management AB raised its stake in ZTO Express (Cayman) by 15.0% in the 4th quarter. Nordea Investment Management AB now owns 1,661,908 shares of the transportation company's stock worth $35,432,000 after purchasing an additional 216,367 shares in the last quarter. American Century Companies Inc. raised its stake in ZTO Express (Cayman) by 63.4% in the 3rd quarter. American Century Companies Inc. now owns 683,899 shares of the transportation company's stock worth $16,530,000 after purchasing an additional 265,356 shares in the last quarter. SG Americas Securities LLC raised its stake in ZTO Express (Cayman) by 674.4% in the 4th quarter. SG Americas Securities LLC now owns 533,287 shares of the transportation company's stock worth $11,348,000 after purchasing an additional 464,422 shares in the last quarter. Green Court Capital Management Ltd raised its stake in ZTO Express (Cayman) by 19.1% in the 4th quarter. Green Court Capital Management Ltd now owns 10,014,230 shares of the transportation company's stock worth $213,103,000 after purchasing an additional 1,607,986 shares in the last quarter. Finally, Dymon Asia Capital Singapore PTE. LTD. acquired a new stake in ZTO Express (Cayman) in the 4th quarter worth about $885,000. Institutional investors and hedge funds own 41.65% of the company's stock.

Wall Street Analysts Forecast Growth

ZTO has been the subject of several analyst reports. Macquarie cut shares of ZTO Express (Cayman) from an "outperform" rating to a "neutral" rating and set a $21.20 price objective for the company. in a research note on Wednesday. Bank of America raised their target price on shares of ZTO Express (Cayman) from $25.20 to $26.90 and gave the company a "buy" rating in a report on Monday, June 17th. HSBC decreased their target price on shares of ZTO Express (Cayman) from $32.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, March 21st. Finally, JPMorgan Chase & Co. decreased their target price on shares of ZTO Express (Cayman) from $37.00 to $30.00 and set an "overweight" rating on the stock in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $28.18.

ZTO Express (Cayman) Price Performance

Shares of ZTO Express (Cayman) stock traded down $0.23 during midday trading on Thursday, hitting $20.87. 2,196,236 shares of the company traded hands, compared to its average volume of 4,071,930. The stock has a market cap of $12.66 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 1.00 and a beta of -0.09. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.15 and a current ratio of 1.15. The firm's fifty day moving average price is $22.31 and its 200-day moving average price is $20.51. ZTO Express has a 12 month low of $15.90 and a 12 month high of $28.04.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last announced its quarterly earnings results on Wednesday, May 15th. The transportation company reported $0.32 earnings per share (EPS) for the quarter. The company had revenue of $1.38 billion for the quarter. ZTO Express (Cayman) had a net margin of 21.57% and a return on equity of 15.39%. As a group, sell-side analysts forecast that ZTO Express will post 1.7 earnings per share for the current year.

ZTO Express (Cayman) Company Profile

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.