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

ZTO Express (Cayman) logo with Transportation background

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.

Get Our Latest Stock Report on ZTO Express (Cayman)

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)

(Free Report)

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.

Further Reading

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

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