Elite Wealth Management Inc. lifted its stake in ZTO Express (Cayman) Inc (NYSE:ZTO) by 100.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,654 shares of the transportation company’s stock after buying an additional 11,837 shares during the period. Elite Wealth Management Inc.’s holdings in ZTO Express (Cayman) were worth $432,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new stake in shares of ZTO Express (Cayman) in the third quarter worth about $114,000. Financial Counselors Inc. bought a new stake in shares of ZTO Express (Cayman) in the third quarter worth about $169,000. Commonwealth Equity Services LLC bought a new stake in shares of ZTO Express (Cayman) in the second quarter worth about $205,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of ZTO Express (Cayman) in the first quarter worth about $225,000. Finally, Atria Investments LLC bought a new stake in shares of ZTO Express (Cayman) in the third quarter worth about $245,000. Hedge funds and other institutional investors own 30.43% of the company’s stock.
NYSE ZTO opened at $16.49 on Wednesday. The stock has a market capitalization of $8.46 billion, a P/E ratio of 23.90 and a beta of 0.28. ZTO Express has a 1 year low of $14.51 and a 1 year high of $22.67.
ZTO Express (Cayman) (NYSE:ZTO) last posted its earnings results on Wednesday, August 8th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). The business had revenue of $634.41 million during the quarter. ZTO Express (Cayman) had a return on equity of 15.45% and a net margin of 26.08%. On average, analysts predict that ZTO Express will post 0.75 EPS for the current fiscal year.
Several analysts recently issued reports on ZTO shares. ValuEngine cut ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Thursday, September 6th. TheStreet raised ZTO Express (Cayman) from a “c” rating to a “b-” rating in a research note on Thursday, November 1st. Zacks Investment Research raised ZTO Express (Cayman) from a “sell” rating to a “hold” rating in a research note on Thursday, August 9th. Finally, JPMorgan Chase & Co. cut their target price on ZTO Express (Cayman) from $23.50 to $23.00 and set an “overweight” rating on the stock in a research note on Friday, August 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $22.50.
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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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