BlackRock Inc. Reduces Stake in ZTO Express (Cayman) Inc (ZTO)

BlackRock Inc. cut its position in ZTO Express (Cayman) Inc (NYSE:ZTO) by 25.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,452 shares of the transportation company’s stock after selling 83,853 shares during the quarter. BlackRock Inc.’s holdings in ZTO Express (Cayman) were worth $5,009,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Commonwealth Equity Services LLC acquired a new position in ZTO Express (Cayman) during the 2nd quarter worth $205,000. Crossmark Global Holdings Inc. acquired a new position in ZTO Express (Cayman) during the 2nd quarter worth $248,000. Hikari Power Ltd acquired a new position in ZTO Express (Cayman) during the 2nd quarter worth $327,000. Wells Fargo & Company MN grew its stake in ZTO Express (Cayman) by 99.9% during the 1st quarter. Wells Fargo & Company MN now owns 23,516 shares of the transportation company’s stock worth $353,000 after purchasing an additional 11,752 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new position in ZTO Express (Cayman) during the 2nd quarter worth $426,000. 30.43% of the stock is owned by institutional investors and hedge funds.

ZTO has been the subject of several analyst reports. Zacks Investment Research raised ZTO Express (Cayman) from a “sell” rating to a “hold” rating in a research note on Thursday, August 9th. ValuEngine cut ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Thursday, September 6th. JPMorgan Chase & Co. lowered their target price on ZTO Express (Cayman) from $23.50 to $23.00 and set an “overweight” rating for the company in a research note on Friday, August 10th. Finally, TheStreet raised ZTO Express (Cayman) from a “c” rating to a “b-” rating in a research note on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. ZTO Express (Cayman) has an average rating of “Hold” and a consensus price target of $22.50.

ZTO opened at $15.97 on Friday. The firm has a market cap of $8.36 billion, a P/E ratio of 23.14 and a beta of 0.28. ZTO Express has a 12 month low of $14.51 and a 12 month high of $22.67.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings results on Wednesday, August 8th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). The business had revenue of $634.41 million for the quarter. ZTO Express (Cayman) had a return on equity of 15.45% and a net margin of 26.08%. Analysts anticipate that ZTO Express will post 0.75 earnings per share for the current fiscal year.

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ZTO Express (Cayman) Profile

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, 2017, it operated a fleet of approximately 3,600 self-owned trucks.

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

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