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

Hsbc Holdings PLC increased its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 93.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 249,469 shares of the transportation company’s stock after acquiring 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 reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ZTO. Signaturefd LLC lifted its stake in ZTO Express (Cayman) by 22.5% during the fourth quarter. Signaturefd LLC now owns 2,693 shares of the transportation company’s stock worth $56,000 after purchasing an additional 494 shares during the period. Ethic Inc. raised its holdings in shares of ZTO Express (Cayman) by 3.7% in the 4th quarter. Ethic Inc. now owns 15,943 shares of the transportation company’s stock worth $333,000 after buying an additional 569 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of ZTO Express (Cayman) by 61.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock worth $36,000 after buying an additional 769 shares during the period. Orion Porfolio Solutions LLC lifted its position in shares of ZTO Express (Cayman) by 7.8% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 14,617 shares of the transportation company’s stock worth $281,000 after buying an additional 1,053 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in ZTO Express (Cayman) in the 4th quarter valued at $25,000. Institutional investors and hedge funds own 41.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Morgan Stanley reiterated an “overweight” rating and issued a $30.10 price target on shares of ZTO Express (Cayman) in a research report on Wednesday, May 20th. Wall Street Zen raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Zacks Research cut shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 29th. Weiss Ratings downgraded shares of ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. boosted their price target on shares of ZTO Express (Cayman) from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, April 13th. One 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.03.

ZTO Express (Cayman) Stock Performance

Shares of ZTO Express (Cayman) stock opened at $21.96 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a 50 day simple moving average of $23.57 and a 200 day simple moving average of $23.29. ZTO Express has a fifty-two week low of $17.39 and a fifty-two week high of $26.20. The firm has a market cap of $12.38 billion, a P/E ratio of 13.47, a P/E/G ratio of 0.83 and a beta of -0.22.

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

About ZTO Express (Cayman)

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.