GRATRY & Co LLC purchased a new position in shares of Zto Express Inc (NYSE:ZTO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 73,820 shares of the transportation company’s stock, valued at approximately $1,036,000.
Other large investors have also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can lifted its stake in Zto Express by 1.2% during the second quarter. Great West Life Assurance Co. Can now owns 10,123 shares of the transportation company’s stock worth $141,000 after purchasing an additional 123 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Zto Express by 68.1% during the first quarter. Wells Fargo & Company MN now owns 12,292 shares of the transportation company’s stock worth $160,000 after purchasing an additional 4,979 shares in the last quarter. FMR LLC acquired a new position in Zto Express during the second quarter worth $170,000. Profund Advisors LLC acquired a new position in Zto Express during the second quarter worth $176,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in Zto Express during the first quarter worth $212,000. Institutional investors own 22.83% of the company’s stock.
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Zto Express Inc (ZTO) traded up 0.39% on Wednesday, reaching $15.63. The company’s stock had a trading volume of 1,006,546 shares. The firm has a 50 day moving average price of $14.68 and a 200 day moving average price of $14.68. The stock has a market capitalization of $11.22 billion and a P/E ratio of 29.49. Zto Express Inc has a 52 week low of $11.14 and a 52 week high of $18.45.
Zto Express (NYSE:ZTO) last announced its quarterly earnings data on Tuesday, August 22nd. The transportation company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.01. Zto Express had a net margin of 22.54% and a return on equity of 14.83%. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.02 billion. The firm’s quarterly revenue was up 29.9% compared to the same quarter last year. On average, equities analysts anticipate that Zto Express Inc will post $0.62 EPS for the current year.
ZTO has been the topic of a number of research reports. UBS AG initiated coverage on Zto Express in a research note on Tuesday, July 11th. They set a “buy” rating on the stock. Zacks Investment Research upgraded Zto Express from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. Macquarie initiated coverage on Zto Express in a research note on Tuesday, September 19th. They set an “outperform” rating and a $17.30 price target on the stock. Finally, HSBC Holdings plc initiated coverage on Zto Express in a research note on Tuesday, August 8th. They set a “reduce” rating and a $12.50 price target on the stock. Two analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $17.69.
About Zto Express
ZTO Express (Cayman) Inc is an express delivery company in China. The Company provides express delivery service through its nationwide network, as well as other value-added logistics services. The Company provides its services for a range of online merchants and consumers transacting on the Chinese e-commerce platforms, such as Alibaba and JD.com.
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