49,076 Shares in ZTO Express (Cayman) Inc (ZTO) Acquired by Greenwoods Asset Management Ltd

Greenwoods Asset Management Ltd acquired a new position in ZTO Express (Cayman) Inc (NYSE:ZTO) during the 3rd quarter, Holdings Channel reports. The fund acquired 49,076 shares of the transportation company’s stock, valued at approximately $813,000. ZTO Express (Cayman) accounts for about 0.1% of Greenwoods Asset Management Ltd’s portfolio, making the stock its 18th largest holding.

A number of other hedge funds have also bought and sold shares of the business. OppenheimerFunds Inc. boosted its position in ZTO Express (Cayman) by 39.2% in the third quarter. OppenheimerFunds Inc. now owns 25,798,593 shares of the transportation company’s stock worth $427,482,000 after purchasing an additional 7,265,266 shares during the last quarter. First Foundation Advisors lifted its position in shares of ZTO Express (Cayman) by 186.8% during the 3rd quarter. First Foundation Advisors now owns 195,000 shares of the transportation company’s stock valued at $3,231,000 after buying an additional 127,000 shares during the last quarter. United Services Automobile Association lifted its position in shares of ZTO Express (Cayman) by 44.5% during the 3rd quarter. United Services Automobile Association now owns 547,075 shares of the transportation company’s stock valued at $9,065,000 after buying an additional 168,400 shares during the last quarter. Stevens Capital Management LP purchased a new position in shares of ZTO Express (Cayman) during the 3rd quarter valued at $359,000. Finally, AMP Capital Investors Ltd lifted its position in shares of ZTO Express (Cayman) by 388.1% during the 3rd quarter. AMP Capital Investors Ltd now owns 105,920 shares of the transportation company’s stock valued at $1,774,000 after buying an additional 84,220 shares during the last quarter. 33.08% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE ZTO opened at $16.75 on Thursday. ZTO Express has a one year low of $14.51 and a one year high of $22.67. The firm has a market cap of $8.50 billion, a PE ratio of 24.28 and a beta of 0.31.

ZTO Express (Cayman) (NYSE:ZTO) last issued its quarterly earnings results on Wednesday, November 14th. The transportation company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. ZTO Express (Cayman) had a return on equity of 14.90% and a net margin of 26.44%. The firm had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.28 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. The business’s revenue for the quarter was up 34.7% compared to the same quarter last year. As a group, sell-side analysts forecast that ZTO Express will post 0.77 earnings per share for the current fiscal year.

A number of research analysts have recently commented on the company. Zacks Investment Research raised ZTO Express (Cayman) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. TheStreet raised ZTO Express (Cayman) from a “c” rating to a “b-” rating in a research report on Thursday, November 1st. ValuEngine cut ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th. Finally, JPMorgan Chase & Co. dropped their price target on ZTO Express (Cayman) from $23.50 to $23.00 and set an “overweight” rating on the stock in a research report on Friday, August 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. ZTO Express (Cayman) currently has an average rating of “Hold” and a consensus target price of $22.50.

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ZTO Express (Cayman) Profile

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.

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

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