Green Court Capital Management Ltd Has $71.81 Million Stock Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Key Points

• Green Court Capital Management Ltd has reduced its stake in ZTO Express (Cayman) Inc. by 29.1%, now holding approximately 3.62 million shares.
• Despite the reduction, ZTO remains the largest holding in Green Court's portfolio, representing about 42.4% of their total investments.
• ZTO Express stock has experienced price fluctuations, with a twelve-month range between $16.34 and $27.50, and is currently valued at $20.71.

Green Court Capital Management Ltd lessened its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 29.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,619,480 shares of the transportation company's stock after selling 1,486,370 shares during the quarter. ZTO Express (Cayman) comprises about 42.4% of Green Court Capital Management Ltd's holdings, making the stock its biggest holding. Green Court Capital Management Ltd owned about 0.60% of ZTO Express (Cayman) worth $71,810,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ZTO. Deutsche Bank AG lifted its holdings in ZTO Express (Cayman) by 100.9% in the first quarter. Deutsche Bank AG now owns 20,423 shares of the transportation company's stock valued at $405,000 after acquiring an additional 2,398,757 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of ZTO Express (Cayman) by 0.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 277,921 shares of the transportation company's stock worth $5,514,000 after buying an additional 1,495 shares during the last quarter. US Bancorp DE raised its stake in shares of ZTO Express (Cayman) by 5.3% during the 1st quarter. US Bancorp DE now owns 89,393 shares of the transportation company's stock worth $1,774,000 after buying an additional 4,525 shares during the last quarter. XTX Topco Ltd raised its stake in shares of ZTO Express (Cayman) by 259.2% during the 1st quarter. XTX Topco Ltd now owns 88,106 shares of the transportation company's stock worth $1,748,000 after buying an additional 63,580 shares during the last quarter. Finally, One Wealth Advisors LLC acquired a new position in shares of ZTO Express (Cayman) during the 1st quarter worth $237,000. Institutional investors and hedge funds own 41.65% of the company's stock.

ZTO Express (Cayman) Price Performance

ZTO Express (Cayman) stock traded down $0.12 during midday trading on Tuesday, hitting $20.06. 558,700 shares of the company were exchanged, compared to its average volume of 2,545,848. The company's fifty day moving average price is $18.48 and its 200-day moving average price is $18.85. The company has a market cap of $12.00 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 3.12 and a beta of -0.18. ZTO Express has a fifty-two week low of $16.34 and a fifty-two week high of $27.50.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. HSBC raised shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 target price for the company in a research note on Monday, April 14th. Morgan Stanley set a $24.20 target price on shares of ZTO Express (Cayman) in a research note on Wednesday, July 2nd. Wall Street Zen cut ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Citigroup lowered their price target on ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating for the company in a report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. upgraded ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and lowered their price target for the company from $23.00 to $21.00 in a report on Thursday, May 29th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, ZTO Express (Cayman) presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.76.

About ZTO Express (Cayman)

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.