Hsbc Holdings PLC Reduces Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Hsbc Holdings PLC reduced its position in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 72.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,132 shares of the transportation company's stock after selling 139,407 shares during the quarter. 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 large investors have also recently bought and sold shares of ZTO. SIH Partners LLLP acquired a new stake in shares of ZTO Express (Cayman) in the fourth quarter valued at $1,411,000. Teachers Retirement System of The State of Kentucky boosted its stake in ZTO Express (Cayman) by 46.5% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 826,850 shares of the transportation company's stock valued at $16,165,000 after purchasing an additional 262,280 shares during the period. Marshall Wace LLP raised its position in shares of ZTO Express (Cayman) by 831.6% during the fourth quarter. Marshall Wace LLP now owns 1,168,821 shares of the transportation company's stock valued at $22,850,000 after buying an additional 1,043,359 shares during the last quarter. Jump Financial LLC acquired a new stake in ZTO Express (Cayman) during the fourth quarter worth $2,002,000. Finally, Guggenheim Capital LLC boosted its holdings in ZTO Express (Cayman) by 37.9% during the fourth quarter. Guggenheim Capital LLC now owns 20,240 shares of the transportation company's stock valued at $396,000 after purchasing an additional 5,568 shares in the last quarter. Institutional investors own 41.65% of the company's stock.

Wall Street Analysts Forecast Growth

ZTO has been the subject of several research reports. 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. Hsbc Global Res raised 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 decreased their target price for the company from $25.00 to $23.00 in a research report on Thursday, March 20th. Finally, StockNews.com raised ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a research report on Wednesday, March 26th. Two 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $23.28.

ZTO Express (Cayman) Stock Performance

ZTO traded down $0.30 during trading on Friday, hitting $18.66. 535,900 shares of the stock were exchanged, compared to its average volume of 2,816,975. The firm has a 50 day simple moving average of $19.24 and a 200 day simple moving average of $19.74. ZTO Express has a 1 year low of $16.34 and a 1 year high of $27.50. The firm has a market cap of $11.17 billion, a price-to-earnings ratio of 12.87, a P/E/G ratio of 1.03 and a beta of -0.14.

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

ZTO Express (Cayman) Announces Dividend

The firm also recently declared 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. This represents a yield of 4.7%. The ex-dividend date of this dividend was Thursday, April 10th. ZTO Express (Cayman)'s dividend payout ratio is currently 45.95%.

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.