Wells Fargo & Company MN boosted its stake in Zto Express Inc (NYSE:ZTO) by 68.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 quarter.
Other hedge funds have also recently made changes to their positions in the company. Quantitative Systematic Strategies LLC boosted its stake in shares of Zto Express by 29.2% in the first quarter. Quantitative Systematic Strategies LLC now owns 22,240 shares of the transportation company’s stock valued at $291,000 after buying an additional 5,021 shares in the last quarter. Guggenheim Capital LLC bought a new stake in shares of Zto Express during the fourth quarter worth approximately $763,000. Quadrature Capital Ltd bought a new stake in shares of Zto Express during the fourth quarter worth approximately $2,121,000. State of New Jersey Common Pension Fund D boosted its stake in shares of 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 bought a new stake in shares of Zto Express during the fourth quarter worth approximately $4,095,000. 19.01% of the stock is owned by hedge funds and other institutional investors.
Shares of Zto Express Inc (NYSE ZTO) traded up 2.77% during trading on Friday, hitting $13.73. The company had a trading volume of 1,432,671 shares. The stock has a market capitalization of $9.89 billion and a price-to-earnings ratio of 29.72. Zto Express Inc has a 12-month low of $11.14 and a 12-month high of $18.45. The stock has a 50-day moving average of $14.65 and a 200 day moving average of $13.74.
Zto Express (NYSE:ZTO) last issued its earnings results on Wednesday, May 17th. The transportation company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.01. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.58 billion. The company’s quarterly revenue was up 33.5% compared to the same quarter last year. On average, analysts predict that Zto Express Inc will post $0.62 EPS for the current fiscal year.
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A number of brokerages have recently commented on ZTO. Zacks Investment Research cut Zto Express from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. HSBC Holdings plc started coverage on Zto Express in a research note on Tuesday, August 8th. They issued a “reduce” rating and a $12.50 price target for the company. CLSA started coverage on Zto Express in a research report on Monday, June 26th. They issued a “sell” rating for the company. Finally, UBS AG started coverage on Zto Express in a research report on Tuesday, July 11th. They issued a “buy” rating for the company. Three analysts have rated the stock with a sell rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $17.36.
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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