Farmer Steven Patrick Invests $317,000 in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Farmer Steven Patrick bought a new position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTOGet Rating) during the second quarter, according to its most recent filing with the SEC. The fund bought 11,538 shares of the transportation company’s stock, valued at approximately $317,000.

A number of other hedge funds also recently made changes to their positions in the business. Advisor Group Holdings Inc. increased its holdings in ZTO Express (Cayman) by 14.1% in the 4th quarter. Advisor Group Holdings Inc. now owns 2,993 shares of the transportation company’s stock worth $84,000 after acquiring an additional 369 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in ZTO Express (Cayman) in the 4th quarter worth about $413,000. Qube Research & Technologies Ltd purchased a new stake in ZTO Express (Cayman) in the 4th quarter worth about $855,000. JPMorgan Chase & Co. increased its holdings in ZTO Express (Cayman) by 111.5% in the 4th quarter. JPMorgan Chase & Co. now owns 443,367 shares of the transportation company’s stock worth $12,511,000 after acquiring an additional 233,704 shares during the last quarter. Finally, abrdn plc increased its holdings in ZTO Express (Cayman) by 4.7% in the 4th quarter. abrdn plc now owns 79,656 shares of the transportation company’s stock worth $2,248,000 after acquiring an additional 3,564 shares during the last quarter. 39.22% of the stock is currently owned by institutional investors.

ZTO Express (Cayman) Stock Performance

ZTO Express (Cayman) stock opened at $26.79 on Friday. The firm’s fifty day moving average price is $26.25 and its 200-day moving average price is $25.88. The stock has a market cap of $16.17 billion, a P/E ratio of 25.04, a price-to-earnings-growth ratio of 1.31 and a beta of -0.06. ZTO Express has a fifty-two week low of $19.72 and a fifty-two week high of $34.82.

ZTO Express (Cayman) (NYSE:ZTOGet Rating) last posted its quarterly earnings data on Wednesday, August 17th. The transportation company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.06. The firm had revenue of $1.29 billion for the quarter. ZTO Express (Cayman) had a net margin of 16.95% and a return on equity of 11.88%. On average, analysts predict that ZTO Express will post 1.13 earnings per share for the current year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. raised shares of ZTO Express (Cayman) from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $27.00 to $35.00 in a report on Friday, August 19th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $37.70.

ZTO Express (Cayman) Profile

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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, 2021, it operated a fleet of approximately 10,900 trucks.

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

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