By Lisa Matthews From Fairfield Current

Greenwoods Asset Management Ltd purchased a new stake in ZTO Express (Cayman) Inc (NYSE:ZTO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 49,076 shares of the transportation company’s stock, valued at approximately $813,000. ZTO Express (Cayman) makes up 0.1% of Greenwoods Asset Management Ltd’s holdings, making the stock its 18th biggest holding.

Other institutional investors have also bought and sold shares of the company. OppenheimerFunds Inc. raised its holdings in shares of ZTO Express (Cayman) by 39.2% in the third quarter. OppenheimerFunds Inc. now owns 25,798,593 shares of the transportation company’s stock worth $427,482,000 after acquiring an additional 7,265,266 shares during the last quarter. FMR LLC increased its stake in ZTO Express (Cayman) by 331.3% during the second quarter. FMR LLC now owns 9,202,996 shares of the transportation company’s stock worth $184,060,000 after acquiring an additional 7,068,974 shares during the last quarter. BRILLIANCE ASSET MANAGEMENT Ltd boosted its position in shares of ZTO Express (Cayman) by 2,774.3% in the second quarter. BRILLIANCE ASSET MANAGEMENT Ltd now owns 6,191,740 shares of the transportation company’s stock worth $123,835,000 after buying an additional 5,976,320 shares during the period. American Century Companies Inc. purchased a new stake in shares of ZTO Express (Cayman) in the third quarter worth about $70,236,000. Finally, Platinum Investment Management Ltd. boosted its position in shares of ZTO Express (Cayman) by 50.0% in the second quarter. Platinum Investment Management Ltd. now owns 9,889,624 shares of the transportation company’s stock worth $197,792,000 after buying an additional 3,297,383 shares during the period. Hedge funds and other institutional investors own 33.08% of the company’s stock.Get ZTO Express (Cayman) alerts: 

Several equities research analysts have recently weighed in on ZTO shares.ValuEngine downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th. TheStreet raised ZTO Express (Cayman) from a “c” rating to a “b-” rating in a report on Thursday, November 1st. Finally, Zacks Investment Research raised ZTO Express (Cayman) from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $22.50.

Shares of ZTO Express (Cayman) stockremained flat at $$16.00 on Friday. The stock had a trading volume of 1,864,000 shares, compared to its average volume of 2,429,338. ZTO Express has a fifty-two week low of $14.51 and a fifty-two week high of $22.67. The firm has a market cap of $8.33 billion, a PE ratio of 23.19 and a beta of 0.31.

ZTO Express (Cayman) (NYSE:ZTO) last posted its earnings results on Wednesday, November 14th. The transportation company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. The firm had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.28 billion. ZTO Express (Cayman) had a return on equity of 14.90% and a net margin of 26.44%. The firm’s revenue was up 34.7% compared to the same quarter last year. During the same period last year, the firm earned $1.00 EPS. On average, equities research analysts predict that ZTO Express will post 0.77 earnings per share for the current fiscal year.

About ZTO Express (Cayman)

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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