IFM Investors Pty Ltd bought a new position in ZTO Express (Cayman) Inc. (NYSE: ZTO – Get Rating ) in the first quarter, Holdings Channel.com reports. The institutional investor bought 16,345 shares of the transportation company’s stock, valued at approximately $409,000.
A number of other institutional investors have also recently made changes to their positions in the business. E Fund Management Hong Kong Co. Ltd. boosted its holdings in ZTO Express (Cayman) by 136.0% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 254,840 shares of the transportation company’s stock valued at $6,470,000 after buying an additional 146,838 shares in the last quarter. Green Court Capital Management Ltd bought a new stake in shares of ZTO Express (Cayman) in the first quarter worth about $124,797,000. DNB Asset Management AS boosted its stake in shares of ZTO Express (Cayman) by 27.8% in the first quarter. DNB Asset Management AS now owns 18,381 shares of the transportation company’s stock valued at $460,000 after acquiring an additional 3,994 shares in the last quarter. Yunqi Capital Ltd acquired a new position in shares of ZTO Express (Cayman) during the fourth quarter valued at about $6,773,000. Finally, SPRINGS CAPITAL HONG KONG Ltd purchased a new position in shares of ZTO Express (Cayman) during the 4th quarter valued at approximately $1,129,000. Institutional investors and hedge funds own 34.37% of the company’s shares.
ZTO has been the subject of several reports by researchers. Citigroup decreased their target price on shares of ZTO Express (Cayman) from $40.90 to $39.60 and set a “buy” rating on the stock in a research report on Friday, March 18th. StockNews.com initiated coverage on shares of ZTO Express (Cayman) in a research report on Thursday, March 31st. They assign a “hold” rating to the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Moderate Buy” and an average target price of $38.60, according to MarketBeat.com.
Shares of ZTO stock opened at $26.63 on Friday. The firm’s fifty-day simple moving average is $25.66, and its 200-day simple moving average is $26.98. The company has a market cap of $16.07 billion and a P/E ratio of 27.17. ZTO Express has a 12-month low of $19.72 and a 12-month high of $34.82.
ZTO Express (Cayman Islands) (NYSE: ZTO – Get Rating ) last posted its quarterly earnings data on Wednesday, May 25th. The transportation company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. The business had revenue of $1.25 billion for the quarter. ZTO Express (Cayman) had a net margin of 16.09% and a return on equity of 10.95%. As a group, equities analysts predict that ZTO Express will post 1.1 earnings per share for the current year.
ZTO Express (Cayman) profile (Get Rating)
ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People’s Republic of China. The company offers delivery services for e-commerce and brick-and-mortar merchants, as well as other users of express services. As of December 31, 2021, it operates a fleet of approximately 10,900 trucks.
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