FountainCap Research & Investment Hong Kong Co. Ltd. Boosts Stock Position in ZTO Express (Cayman) Inc (NYSE:ZTO)

Share on StockTwits

FountainCap Research & Investment Hong Kong Co. Ltd. lifted its holdings in ZTO Express (Cayman) Inc (NYSE:ZTO) by 7.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 874,314 shares of the transportation company’s stock after purchasing an additional 60,018 shares during the period. ZTO Express (Cayman) accounts for approximately 19.1% of FountainCap Research & Investment Hong Kong Co. Ltd.’s portfolio, making the stock its 2nd biggest holding. FountainCap Research & Investment Hong Kong Co. Ltd.’s holdings in ZTO Express (Cayman) were worth $23,152,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Platinum Investment Management Ltd. increased its stake in shares of ZTO Express (Cayman) by 5.4% in the fourth quarter. Platinum Investment Management Ltd. now owns 14,855,155 shares of the transportation company’s stock worth $346,868,000 after purchasing an additional 766,748 shares during the period. BlackRock Inc. grew its position in ZTO Express (Cayman) by 4.7% during the first quarter. BlackRock Inc. now owns 14,788,117 shares of the transportation company’s stock worth $391,591,000 after buying an additional 663,256 shares in the last quarter. Green Court Capital Management Ltd grew its position in ZTO Express (Cayman) by 2.5% during the fourth quarter. Green Court Capital Management Ltd now owns 8,239,558 shares of the transportation company’s stock worth $192,394,000 after buying an additional 197,700 shares in the last quarter. State Street Corp grew its position in ZTO Express (Cayman) by 7.0% during the first quarter. State Street Corp now owns 7,055,126 shares of the transportation company’s stock worth $186,820,000 after buying an additional 461,979 shares in the last quarter. Finally, Norges Bank acquired a new stake in ZTO Express (Cayman) during the fourth quarter worth about $103,597,000. Institutional investors and hedge funds own 41.71% of the company’s stock.

ZTO Express (Cayman) stock traded up $0.64 during mid-day trading on Tuesday, hitting $33.46. 2,417,966 shares of the company were exchanged, compared to its average volume of 3,369,423. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average of $30.23 and a 200 day moving average of $25.24. ZTO Express has a 1-year low of $17.12 and a 1-year high of $35.64. The company has a market capitalization of $19.16 billion, a PE ratio of 34.06, a price-to-earnings-growth ratio of 2.05 and a beta of 0.36.

ZTO Express (Cayman) (NYSE:ZTO) last released its quarterly earnings data on Wednesday, May 20th. The transportation company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.55. ZTO Express (Cayman) had a return on equity of 13.56% and a net margin of 25.07%. The firm had revenue of $3.92 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same period in the prior year, the company posted $0.87 earnings per share. The business’s revenue for the quarter was down 14.4% compared to the same quarter last year. Research analysts expect that ZTO Express will post 1.03 earnings per share for the current year.

A number of equities research analysts recently weighed in on ZTO shares. Daiwa Capital Markets downgraded ZTO Express (Cayman) to a “hold” rating in a research report on Friday, May 22nd. JPMorgan Chase & Co. downgraded ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and set a $32.00 target price on the stock. in a research report on Friday, May 22nd. Bank of America downgraded ZTO Express (Cayman) from a “buy” rating to a “neutral” rating in a research report on Thursday, May 21st. HSBC raised ZTO Express (Cayman) from a “reduce” rating to a “hold” rating and set a $30.00 target price on the stock in a research report on Friday, May 22nd. Finally, ValuEngine raised ZTO Express (Cayman) from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. Six analysts have rated the stock with a hold rating, ZTO Express (Cayman) presently has a consensus rating of “Hold” and a consensus price target of $28.33.

About ZTO Express (Cayman)

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 traditional merchants, and other express service users. As of December 31, 2017, it operated a fleet of approximately 3,600 self-owned trucks.

Read More: Trading on Margin

Want to see what other hedge funds are holding ZTO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ZTO Express (Cayman) Inc (NYSE:ZTO).

Institutional Ownership by Quarter for ZTO Express (Cayman) (NYSE:ZTO)

Receive News & Ratings for ZTO Express (Cayman) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZTO Express (Cayman) and related companies with MarketBeat.com's FREE daily email newsletter.