Wells Fargo & Company MN raised its position in Zto Express Inc (NYSE:ZTO) by 68.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,292 shares of the transportation company’s stock after buying an additional 4,979 shares during the period. Wells Fargo & Company MN’s holdings in Zto Express were worth $160,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Quantitative Systematic Strategies LLC increased its stake in Zto Express by 29.2% in the first quarter. Quantitative Systematic Strategies LLC now owns 22,240 shares of the transportation company’s stock worth $291,000 after buying an additional 5,021 shares during the period. Guggenheim Capital LLC purchased a new stake in Zto Express during the fourth quarter worth $763,000. Quadrature Capital Ltd purchased a new stake in Zto Express during the fourth quarter worth $2,121,000. State of New Jersey Common Pension Fund D increased its stake in Zto Express by 309.8% in the first quarter. State of New Jersey Common Pension Fund D now owns 186,401 shares of the transportation company’s stock worth $2,440,000 after buying an additional 140,915 shares during the period. Finally, FMR LLC purchased a new stake in Zto Express during the fourth quarter worth $4,095,000. Institutional investors and hedge funds own 20.32% of the company’s stock.
Shares of Zto Express Inc (NYSE:ZTO) opened at 13.25 on Friday. The firm has a market capitalization of $9.55 billion and a P/E ratio of 28.68. The firm’s 50-day moving average price is $14.73 and its 200-day moving average price is $13.71. Zto Express Inc has a 12-month low of $11.14 and a 12-month high of $18.45.
Zto Express (NYSE:ZTO) last announced its earnings results on Wednesday, May 17th. The transportation company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.58 billion. The firm’s revenue was up 33.5% compared to the same quarter last year. Equities analysts predict that Zto Express Inc will post $0.62 earnings per share for the current fiscal year.
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A number of research firms recently weighed in on ZTO. Zacks Investment Research downgraded Zto Express from a “hold” rating to a “sell” rating in a research report on Friday, May 26th. HSBC Holdings plc started coverage on Zto Express in a report on Tuesday. They set a “reduce” rating and a $12.50 price objective on the stock. UBS AG started coverage on Zto Express in a report on Tuesday, July 11th. They set a “buy” rating on the stock. Finally, CLSA started coverage on Zto Express in a report on Monday, June 26th. They set a “sell” rating on the stock. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $17.36.
Zto Express Company Profile
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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