Hsbc Holdings PLC Has $5.21 Million Holdings in ZTO Express (Cayman) Inc. $ZTO

Hsbc Holdings PLC grew its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTOFree Report) by 93.9% during the 4th quarter, Holdings Channel reports. The firm owned 249,469 shares of the transportation company’s stock after purchasing an additional 120,835 shares during the period. Hsbc Holdings PLC’s holdings in ZTO Express (Cayman) were worth $5,211,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Morgan Stanley raised its stake in shares of ZTO Express (Cayman) by 1.3% during the fourth quarter. Morgan Stanley now owns 5,459,308 shares of the transportation company’s stock worth $114,045,000 after buying an additional 69,529 shares during the last quarter. Todd Asset Management LLC grew its holdings in ZTO Express (Cayman) by 17.8% during the 4th quarter. Todd Asset Management LLC now owns 1,697,019 shares of the transportation company’s stock worth $35,451,000 after acquiring an additional 257,021 shares during the period. Capitolis Liquid Global Markets LLC bought a new stake in shares of ZTO Express (Cayman) during the 3rd quarter valued at $25,672,000. Teachers Retirement System of The State of Kentucky raised its position in shares of ZTO Express (Cayman) by 20.3% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 1,077,250 shares of the transportation company’s stock valued at $22,504,000 after acquiring an additional 181,600 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of ZTO Express (Cayman) by 2.8% in the 4th quarter. State Street Corp now owns 981,894 shares of the transportation company’s stock valued at $20,512,000 after purchasing an additional 26,776 shares during the period. Institutional investors and hedge funds own 41.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wall Street Zen upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Morgan Stanley reissued an “overweight” rating and issued a $30.10 target price on shares of ZTO Express (Cayman) in a research note on Wednesday, May 20th. Weiss Ratings cut ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. JPMorgan Chase & Co. boosted their target price on ZTO Express (Cayman) from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, April 13th. Finally, Zacks Research cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $27.03.

View Our Latest Analysis on ZTO

ZTO Express (Cayman) Stock Up 0.7%

Shares of ZTO stock opened at $21.96 on Friday. The firm has a fifty day moving average of $23.57 and a 200-day moving average of $23.29. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.16. ZTO Express has a 12-month low of $17.39 and a 12-month high of $26.20. The company has a market capitalization of $12.38 billion, a price-to-earnings ratio of 13.47, a P/E/G ratio of 0.83 and a beta of -0.22.

ZTO Express (Cayman) (NYSE:ZTOGet Free Report) last posted its quarterly earnings data on Saturday, February 14th. The transportation company reported $0.47 EPS for the quarter. The business had revenue of $2.07 billion for the quarter. ZTO Express (Cayman) had a net margin of 17.87% and a return on equity of 14.23%. As a group, equities research analysts predict that ZTO Express will post 1.95 earnings per share for the current fiscal year.

ZTO Express (Cayman) Company Profile

(Free Report)

ZTO Express (Cayman) Inc is one of China’s leading express delivery companies, specializing in both domestic and cross-border parcel logistics. The company operates a technology-enabled network that connects shippers, independent pickup and delivery stations, regional sorting hubs and end customers. ZTO’s service portfolio includes standard express, heavy-weight parcel delivery, time-definite shipments and e-commerce logistics solutions tailored for online retailers and marketplaces.

Founded in 2002 and headquartered in Shanghai, ZTO has grown rapidly by leveraging a franchise-style operating model that engages a broad network of independent contractors.

See Also

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

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