TB Alternative Assets Ltd. Reduces Position in ZTO Express (Cayman) Inc (NYSE:ZTO)

TB Alternative Assets Ltd. decreased its holdings in shares of ZTO Express (Cayman) Inc (NYSE:ZTO) by 12.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 633,298 shares of the transportation company’s stock after selling 93,840 shares during the quarter. ZTO Express (Cayman) comprises about 3.0% of TB Alternative Assets Ltd.’s portfolio, making the stock its 11th biggest holding. TB Alternative Assets Ltd. owned approximately 0.11% of ZTO Express (Cayman) worth $18,948,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ZTO. Tower Research Capital LLC TRC acquired a new position in ZTO Express (Cayman) in the first quarter valued at about $26,000. Pacitti Group Inc. acquired a new position in ZTO Express (Cayman) in the second quarter valued at about $36,000. Creative Financial Designs Inc. ADV acquired a new position in ZTO Express (Cayman) in the second quarter valued at about $48,000. Parallel Advisors LLC lifted its position in ZTO Express (Cayman) by 165.3% in the second quarter. Parallel Advisors LLC now owns 1,706 shares of the transportation company’s stock valued at $62,000 after buying an additional 1,063 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in ZTO Express (Cayman) by 38.6% in the second quarter. PNC Financial Services Group Inc. now owns 2,725 shares of the transportation company’s stock valued at $101,000 after buying an additional 759 shares during the last quarter. 38.19% of the stock is owned by institutional investors and hedge funds.

Shares of ZTO stock traded up $0.17 during trading hours on Friday, reaching $28.84. 2,517,878 shares of the stock were exchanged, compared to its average volume of 2,773,473. The business’s fifty day moving average is $31.00 and its two-hundred day moving average is $32.59. ZTO Express has a 12-month low of $20.26 and a 12-month high of $38.99. The firm has a market capitalization of $16.72 billion, a P/E ratio of 29.13, a P/E/G ratio of 2.19 and a beta of 0.26.

ZTO Express (Cayman) (NYSE:ZTO) last released its earnings results on Wednesday, August 12th. The transportation company reported $1.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $1.57. ZTO Express (Cayman) had a net margin of 24.38% and a return on equity of 13.35%. The firm had revenue of $906.20 million for the quarter. As a group, research analysts predict that ZTO Express will post 0.93 EPS for the current year.

ZTO has been the topic of several research reports. JPMorgan Chase & Co. initiated coverage on shares of ZTO Express (Cayman) in a research report on Friday, September 18th. They set an “overweight” rating on the stock. ValuEngine cut shares of ZTO Express (Cayman) from a “hold” rating to a “sell” rating in a research report on Thursday, July 30th. BOCOM International initiated coverage on shares of ZTO Express (Cayman) in a research report on Monday, September 28th. They set a “buy” rating on the stock. Finally, Zacks Investment Research raised shares of ZTO Express (Cayman) from a “strong sell” rating to a “hold” rating and set a $32.00 price target on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. ZTO Express (Cayman) presently has a consensus rating of “Hold” and an average price target of $31.33.

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. 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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Institutional Ownership by Quarter for ZTO Express (Cayman) (NYSE:ZTO)

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