Platinum Investment Management Ltd. Sells 3,511,050 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

Platinum Investment Management Ltd. decreased its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 22.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,046,482 shares of the transportation company’s stock after selling 3,511,050 shares during the period. ZTO Express (Cayman) makes up about 13.8% of Platinum Investment Management Ltd.’s holdings, making the stock its biggest position. Platinum Investment Management Ltd. owned approximately 1.99% of ZTO Express (Cayman) worth $235,509,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ZTO. Caprock Group LLC acquired a new position in ZTO Express (Cayman) during the 3rd quarter worth approximately $230,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in ZTO Express (Cayman) during the 3rd quarter worth approximately $505,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in ZTO Express (Cayman) during the 3rd quarter worth approximately $8,723,000. Advisors Asset Management Inc. boosted its stake in shares of ZTO Express (Cayman) by 12.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 12,057 shares of the transportation company’s stock worth $299,000 after acquiring an additional 1,293 shares in the last quarter. Finally, Pzena Investment Management LLC boosted its stake in shares of ZTO Express (Cayman) by 18.1% during the 3rd quarter. Pzena Investment Management LLC now owns 7,039,599 shares of the transportation company’s stock worth $174,371,000 after acquiring an additional 1,079,327 shares in the last quarter. Institutional investors and hedge funds own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Performance

ZTO stock opened at $21.33 on Wednesday. ZTO Express has a 1 year low of $17.89 and a 1 year high of $27.50. The stock’s 50 day moving average price is $19.43 and its 200 day moving average price is $20.98. The firm has a market cap of $12.89 billion, a P/E ratio of 14.71, a PEG ratio of 1.03 and a beta of -0.13.

ZTO Express (Cayman) (NYSE:ZTO) last posted its earnings results on Tuesday, March 18th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.03). ZTO Express (Cayman) had a net margin of 20.56% and a return on equity of 15.44%. On average, research analysts predict that ZTO Express will post 1.57 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on ZTO. HSBC lowered ZTO Express (Cayman) from a “buy” rating to a “hold” rating and decreased their price target for the stock from $28.00 to $20.00 in a research note on Tuesday, January 21st. StockNews.com lowered ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Hsbc Global Res lowered ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $24.53.

ZTO Express (Cayman) 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.