Creative Planning Purchases 4,069 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)
Creative Planning boosted its position in ZTO Express (Cayman) Inc. (NYSE:ZTO – Free Report) by 41.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,860 shares of the transportation company’s stock after buying an additional 4,069 shares during the period. Creative Planning’s […] Creative Planning Inc. increased its position in ZTO Express (Cayman) Inc. by 41.6% in the second quarter, according to a recent filing with the Securities and Exchange Commission (SEC). The company owns 13,860 shares of the transportation company’s stock after purchasing an additional 4,069 shares. E Fund Management Hong Kong Co. Ltd. now owns 254,840 shares of ZTO's stock valued at $6,470,000. Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in Z TO Express by 3.3% during the 1st quarter. Sei Investments Co. now holds 69,896 shares of XTO Express worth $1,762,000 after purchasing additional 61,707 shares in the last quarter. Canada Pension Plan Investment Board now owns 839,600 shares of YTO's shares worth $20,990,000 following an additional 451,200 shares in Q1.
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Publié : il y a 2 ans par Defense World Staff dans Finance
Creative Planning boosted its position in ZTO Express (Cayman) Inc. (NYSE:ZTO – Free Report) by 41.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,860 shares of the transportation company’s stock after buying an additional 4,069 shares during the period. Creative Planning’s holdings in ZTO Express (Cayman) were worth $348,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. boosted its stake in ZTO Express (Cayman) by 136.0% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 254,840 shares of the transportation company’s stock valued at $6,470,000 after purchasing an additional 146,838 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in ZTO Express (Cayman) by 3.3% during the 1st quarter. Bank of New York Mellon Corp now owns 415,473 shares of the transportation company’s stock worth $10,387,000 after purchasing an additional 13,333 shares in the last quarter. HAP Trading LLC bought a new stake in ZTO Express (Cayman) during the 1st quarter worth approximately $413,000. Sei Investments Co. increased its holdings in ZTO Express (Cayman) by 753.5% during the 1st quarter. Sei Investments Co. now owns 69,896 shares of the transportation company’s stock worth $1,762,000 after purchasing an additional 61,707 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in ZTO Express (Cayman) by 116.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 839,600 shares of the transportation company’s stock worth $20,990,000 after purchasing an additional 451,200 shares in the last quarter. 41.68% of the stock is owned by institutional investors.
A number of analysts have commented on the company. Citigroup decreased their price objective on ZTO Express (Cayman) from $36.50 to $30.00 in a report on Wednesday, August 30th. TheStreet lowered ZTO Express (Cayman) from a “b-” rating to a “c+” rating in a report on Tuesday, September 12th. StockNews.com raised ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Monday, October 16th. Bank of America reduced their target price on ZTO Express (Cayman) from $39.00 to $34.00 in a report on Wednesday, August 30th. Finally, Sanford C. Bernstein reduced their target price on ZTO Express (Cayman) from $36.00 to $31.00 and set an “outperform” rating for the company in a report on Wednesday, August 30th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $34.60.
Shares of NYSE ZTO opened at $23.61 on Friday. The stock has a fifty day simple moving average of $24.44 and a two-hundred day simple moving average of $26.20. ZTO Express has a 1-year low of $16.27 and a 1-year high of $30.05. The firm has a market cap of $14.38 billion, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 0.83 and a beta of 0.07. The company has a current ratio of 1.32, a quick ratio of 1.31 and a debt-to-equity ratio of 0.13.
ZTO Express (Cayman) (NYSE:ZTO – Get Free Report) last announced its quarterly earnings data on Tuesday, August 29th. The transportation company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.09. ZTO Express (Cayman) had a return on equity of 15.21% and a net margin of 22.08%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.41 billion. Analysts anticipate that ZTO Express will post 1.5 earnings per share for the current year.
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.
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Les sujets: Markets, NYSE