Hsbc Holdings PLC Has $1.02 Million Stock Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Hsbc Holdings PLC lessened its stake in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 72.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,132 shares of the transportation company's stock after selling 139,407 shares during the period. Hsbc Holdings PLC's holdings in ZTO Express (Cayman) were worth $1,020,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Marshall Wace LLP raised its holdings in shares of ZTO Express (Cayman) by 831.6% in the 4th quarter. Marshall Wace LLP now owns 1,168,821 shares of the transportation company's stock worth $22,850,000 after purchasing an additional 1,043,359 shares in the last quarter. Pzena Investment Management LLC increased its holdings in shares of ZTO Express (Cayman) by 11.7% in the fourth quarter. Pzena Investment Management LLC now owns 7,860,285 shares of the transportation company's stock valued at $153,669,000 after buying an additional 820,686 shares in the last quarter. Greenwoods Asset Management Hong Kong Ltd. grew its holdings in shares of ZTO Express (Cayman) by 10.6% in the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 6,617,077 shares of the transportation company's stock worth $129,364,000 after acquiring an additional 633,604 shares during the last quarter. WFM ASIA BVI Ltd acquired a new stake in shares of ZTO Express (Cayman) during the fourth quarter worth $11,364,000. Finally, Todd Asset Management LLC raised its position in shares of ZTO Express (Cayman) by 36.5% during the fourth quarter. Todd Asset Management LLC now owns 1,345,583 shares of the transportation company's stock worth $26,306,000 after purchasing an additional 359,578 shares during the period. 41.65% of the stock is owned by institutional investors and hedge funds.

ZTO Express (Cayman) Trading Up 1.4 %

Shares of ZTO Express (Cayman) stock traded up $0.27 during mid-day trading on Tuesday, reaching $19.17. 2,714,049 shares of the stock were exchanged, compared to its average volume of 2,842,337. ZTO Express has a fifty-two week low of $16.34 and a fifty-two week high of $27.50. The company has a market cap of $11.47 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 1.03 and a beta of -0.14. The firm has a 50-day simple moving average of $19.28 and a 200 day simple moving average of $19.80.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last announced its quarterly earnings data 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). ZTO Express (Cayman) had a return on equity of 15.44% and a net margin of 20.56%. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $11.73 billion. On average, research analysts predict that ZTO Express will post 1.57 EPS for the current fiscal year.

ZTO Express (Cayman) Dividend Announcement

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, April 29th. Investors of record on Thursday, April 10th were paid a dividend of $0.35 per share. The ex-dividend date was Thursday, April 10th. This represents a yield of 4.7%. ZTO Express (Cayman)'s payout ratio is 45.95%.

Wall Street Analyst Weigh In

Several research firms have issued reports on ZTO. Hsbc Global Res upgraded ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. JPMorgan Chase & Co. downgraded shares of ZTO Express (Cayman) from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $25.00 to $23.00 in a research report on Thursday, March 20th. HSBC raised shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 price objective for the company in a research note on Monday, April 14th. Finally, StockNews.com upgraded ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a report on Wednesday, March 26th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $23.28.

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.