TB Alternative Assets Ltd. Buys Shares of 82,648 ZTO Express (Cayman) Inc. (NYSE:ZTO)

TB Alternative Assets Ltd. bought a new stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 82,648 shares of the transportation company's stock, valued at approximately $1,640,000.

A number of other large investors also recently added to or reduced their stakes in the business. Natixis Advisors LLC increased its stake in shares of ZTO Express (Cayman) by 1.4% in the 4th quarter. Natixis Advisors LLC now owns 64,943 shares of the transportation company's stock valued at $1,270,000 after acquiring an additional 918 shares during the last quarter. Fox Run Management L.L.C. increased its stake in ZTO Express (Cayman) by 7.5% during the 4th quarter. Fox Run Management L.L.C. now owns 14,069 shares of the transportation company's stock worth $275,000 after purchasing an additional 980 shares in the last quarter. Cerity Partners LLC increased its stake in ZTO Express (Cayman) by 5.9% during the 4th quarter. Cerity Partners LLC now owns 20,035 shares of the transportation company's stock worth $392,000 after purchasing an additional 1,122 shares in the last quarter. Schechter Investment Advisors LLC increased its stake in ZTO Express (Cayman) by 12.0% during the 4th quarter. Schechter Investment Advisors LLC now owns 11,255 shares of the transportation company's stock worth $220,000 after purchasing an additional 1,204 shares in the last quarter. Finally, Banco Santander S.A. increased its stake in ZTO Express (Cayman) by 3.1% during the 4th quarter. Banco Santander S.A. now owns 41,840 shares of the transportation company's stock worth $818,000 after purchasing an additional 1,248 shares in the last quarter. 41.65% of the stock is currently owned by institutional investors and hedge funds.

ZTO Express (Cayman) Stock Up 0.5%

Shares of ZTO opened at $17.13 on Friday. The stock has a market capitalization of $10.25 billion, a P/E ratio of 11.81, a P/E/G ratio of 1.03 and a beta of -0.18. ZTO Express has a twelve month low of $16.34 and a twelve month high of $27.50. The company has a 50 day moving average of $18.20 and a 200-day moving average of $19.01.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last issued its quarterly earnings results on Tuesday, March 18th. The transportation company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.02). The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $11.73 billion. ZTO Express (Cayman) had a return on equity of 15.44% and a net margin of 20.56%. On average, sell-side analysts anticipate that ZTO Express will post 1.57 earnings per share for the current fiscal year.

ZTO Express (Cayman) Announces Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, April 29th. Investors of record on Thursday, April 10th were paid a $0.35 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a dividend yield of 4.7%. ZTO Express (Cayman)'s dividend payout ratio is presently 43.04%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Hsbc Global Res raised ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. JPMorgan Chase & Co. raised ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and lowered their target price for the stock from $23.00 to $21.00 in a research note on Thursday, May 29th. Bank of America cut ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $24.00 to $19.00 in a research note on Thursday, May 22nd. Citigroup lowered their target price on ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Finally, HSBC raised 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. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, ZTO Express (Cayman) presently has a consensus rating of "Moderate Buy" and an average price target of $21.16.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.