ZTO Express (Cayman) Inc. (NYSE:ZTO) Stake Raised by Bayesian Capital Management LP

Bayesian Capital Management LP grew its position in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 121.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,291 shares of the transportation company’s stock after purchasing an additional 57,800 shares during the period. Bayesian Capital Management LP’s holdings in ZTO Express (Cayman) were worth $2,205,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in shares of ZTO Express (Cayman) by 1,333.1% during the 4th quarter. Blue Trust Inc. now owns 4,973 shares of the transportation company’s stock valued at $106,000 after acquiring an additional 4,626 shares during the last quarter. U S Global Investors Inc. increased its holdings in shares of ZTO Express (Cayman) by 50.6% during the 4th quarter. U S Global Investors Inc. now owns 6,636 shares of the transportation company’s stock valued at $141,000 after acquiring an additional 2,231 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of ZTO Express (Cayman) during the 4th quarter valued at about $492,000. Victory Capital Management Inc. increased its holdings in shares of ZTO Express (Cayman) by 1.9% during the 4th quarter. Victory Capital Management Inc. now owns 952,920 shares of the transportation company’s stock valued at $20,278,000 after acquiring an additional 17,736 shares during the last quarter. Finally, National Bank of Canada FI acquired a new position in shares of ZTO Express (Cayman) during the 4th quarter valued at about $8,839,000. 41.65% of the stock is owned by institutional investors and hedge funds.

ZTO Express (Cayman) Stock Performance

Shares of ZTO stock traded down $0.49 during mid-day trading on Tuesday, reaching $18.64. The stock had a trading volume of 777,645 shares, compared to its average volume of 3,812,198. The firm’s 50 day simple moving average is $21.70 and its 200 day simple moving average is $20.49. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.12. ZTO Express has a one year low of $15.90 and a one year high of $27.89. The firm has a market cap of $11.31 billion, a PE ratio of 13.47, a P/E/G ratio of 0.89 and a beta of -0.12.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings data on Wednesday, May 15th. The transportation company reported $0.32 EPS for the quarter. ZTO Express (Cayman) had a return on equity of 15.39% and a net margin of 21.57%. The company had revenue of $1.38 billion during the quarter. On average, analysts forecast that ZTO Express will post 1.7 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on ZTO. Macquarie lowered ZTO Express (Cayman) from an “outperform” rating to a “neutral” rating and set a $21.20 target price on the stock. in a report on Wednesday, June 26th. Bank of America raised their target price on ZTO Express (Cayman) from $25.20 to $26.90 and gave the company a “buy” rating in a report on Monday, June 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.18.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.