ZTO Express (Cayman) Inc. (NYSE:ZTO) Shares Sold by Pictet Asset Management SA

Pictet Asset Management SA lessened its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTOGet Rating) by 7.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 453,410 shares of the transportation company’s stock after selling 36,846 shares during the quarter. Pictet Asset Management SA owned about 0.08% of ZTO Express (Cayman) worth $12,446,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ZTO. Fox Run Management L.L.C. bought a new stake in ZTO Express (Cayman) during the first quarter worth approximately $205,000. Aaron Wealth Advisors LLC bought a new stake in ZTO Express (Cayman) during the first quarter worth approximately $674,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in ZTO Express (Cayman) by 13.6% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 289,575 shares of the transportation company’s stock worth $7,949,000 after buying an additional 34,735 shares in the last quarter. Principal Financial Group Inc. bought a new stake in ZTO Express (Cayman) during the first quarter worth approximately $17,028,000. Finally, Bank of Montreal Can boosted its holdings in ZTO Express (Cayman) by 112.9% during the first quarter. Bank of Montreal Can now owns 908,047 shares of the transportation company’s stock worth $23,320,000 after buying an additional 481,459 shares in the last quarter. Institutional investors and hedge funds own 39.22% of the company’s stock.

Analyst Upgrades and Downgrades

ZTO has been the subject of a number of research reports. StockNews.com initiated coverage on shares of ZTO Express (Cayman) in a report on Wednesday, October 12th. They set a “hold” rating for the company. JPMorgan Chase & Co. raised shares of ZTO Express (Cayman) from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $27.00 to $35.00 in a research note on Friday, August 19th. Finally, TheStreet lowered shares of ZTO Express (Cayman) from a “b-” rating to a “c+” rating in a research note on Tuesday, October 25th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $37.70.

ZTO Express (Cayman) Stock Up 2.1 %

ZTO stock opened at $22.19 on Friday. ZTO Express has a 12-month low of $16.27 and a 12-month high of $34.82. The company has a market cap of $13.39 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 1.07 and a beta of -0.14. The company has a 50 day moving average of $22.47 and a two-hundred day moving average of $24.74.

ZTO Express (Cayman) (NYSE:ZTOGet Rating) last released its quarterly earnings results on Wednesday, August 17th. The transportation company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.06. The business 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, research analysts anticipate that ZTO Express will post 1.09 EPS for the current year.

ZTO Express (Cayman) Profile

(Get Rating)

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.

Recommended Stories

Want to see what other hedge funds are holding ZTO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ZTO Express (Cayman) Inc. (NYSE:ZTOGet Rating).

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

Receive News & Ratings for ZTO Express (Cayman) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZTO Express (Cayman) and related companies with MarketBeat.com's FREE daily email newsletter.