Ocean Arete Ltd. purchased a new position in ZTO Express (Cayman) Inc. (NYSE: ZTO – Get Rating) in the third quarter. The company purchased 252,100 shares of stock in a shipping company worth approximately $6,058,000. ZTO Express (Cayman) is Ocean Arete Ltd.’s third largest shareholder with approximately 14.0% of its investment portfolio.
Other big investors have increased or decreased their stakes in the company. Platinum Investment Management Ltd. increased his ZTO Express (Cayman) stock position by 2.8% in the second quarter. Platinum Investment Management Ltd. now owns 15,322,408 shares in the transportation company valued at $420.6 million after acquiring an additional 416,813 shares during the previous quarter. Green Court Capital Management Ltd boosted his position in ZTO Express (Cayman) shares by 43.6% in the second quarter. Green Court Capital Management Ltd now owns 7,168,500 shares in the shipping company worth $196.775 million after he acquired an additional 2,176,627 shares last quarter. Wellington Management Group LLP boosted its equity position in ZTO Express (Cayman) by 63.9% in the first quarter. Wellington Management Group LLP now owns 5,599,212 shares of the transportation company valued at $139.98 million after acquiring an additional 2,182,319 shares during the previous quarter. Goldman Sachs Group Inc. increased its position in ZTO Express (Cayman) shares by 11.7% in the second quarter. Goldman Sachs Group Inc. now owns 5,342,954 shares in the transportation company valued at $146,664,000 after acquiring an additional 559,554 shares during the previous quarter. Finally, Ward Ferry Management BVI Ltd raised its stake in ZTO Express (Cayman) by 7.8% in the second quarter. Ward Ferry Management BVI Ltd now owns 5,216,500 shares of the shipping company valued at $143,193,000 after purchasing an additional 377,700 shares in the previous quarter. Institutional investors own 40.56% of the company’s shares.
ZTO Express (Cayman) Volume 0.4 %
ZTO shares climbed $0.12 in intraday trading on Friday to reach $28.55. His 49,404 shares traded in the company’s stock, compared to an average turnover of 2,247,479 shares. The company has a quick ratio of 1.58, a current ratio of 1.59 and a debt to equity ratio of 0.13. His one-year low on ZTO Express is $16.27 and his one-year high is $31.89. The company has a market cap of $17.23 billion, a P/E ratio of 24.09, a PEG ratio of 1.05 and a beta of -0.03. His 50-day moving average price for the business is $24.81 and his 200-day moving average price is $24.83.
Analyst Rating Change
Recently, many equity analysts have focused their attention on ZTO stock. TheStreet upgraded ZTO Express (Cayman) from a ‘c+’ rating to a ‘b-‘ rating in its report on Thursday, December 29th. Citigroup lowered its price target on ZTO Express (Cayman) from $40.30 to $32.80, giving it a ‘Buy’ rating in its report on Wednesday, November 23rd. HSBC lowered its price target for ZTO Express (Cayman) from $36.00 to $33.00 in a research note on Wednesday 23 November. Finally, StockNews.com began his coverage of ZTO Express (Cayman) in his research note on Wednesday, October 12th. They issued a “Hold” rating on the stock.
About ZTO Express (Cayman)
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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 provides shipping services for users of e-commerce and traditional merchants, as well as other express delivery services. As of December 31, 2021, we operate approximately 10,900 trucks.
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