ZTO EXPRESS INC (NYSE:ZTO) Shares Bought by Creative Planning
Creative Planning increased its position in shares of ZTO EXPRESS INC (NYSE:ZTO) by 3,817.8% during the second quarter, Holdings Channel reports. The fund owned 15,671 shares of the transportation company’s stock after buying an additional 15,271 shares during the period. Creative Planning’s holdings in ZTO EXPRESS INC were worth $219,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the stock. Wells Fargo & Company MN raised its stake in ZTO EXPRESS INC by 68.1% in the first quarter. Wells Fargo & Company MN now owns 12,292 shares of the transportation company’s stock valued at $160,000 after buying an additional 4,979 shares in the last quarter. Quantitative Systematic Strategies LLC raised its stake in ZTO EXPRESS INC by 29.2% in the first quarter. Quantitative Systematic Strategies LLC now owns 22,240 shares of the transportation company’s stock valued at $291,000 after buying an additional 5,021 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in ZTO EXPRESS INC during the first quarter valued at approximately $137,000. Oppenheimer Asset Management Inc. acquired a new stake in ZTO EXPRESS INC during the first quarter valued at approximately $212,000. Finally, Nomura Holdings Inc. acquired a new stake in ZTO EXPRESS INC during the first quarter valued at approximately $273,000. Institutional investors own 20.32% of the company’s stock.
ZTO EXPRESS INC (ZTO) traded up 3.02% on Monday, hitting $15.03. 905,395 shares of the company traded hands. The stock’s 50-day moving average is $14.73 and its 200 day moving average is $13.66. ZTO EXPRESS INC has a 12 month low of $11.14 and a 12 month high of $18.45. The firm has a market capitalization of $10.83 billion and a P/E ratio of 32.75.
ZTO EXPRESS INC (NYSE:ZTO) last issued its earnings results on Wednesday, May 17th. The transportation company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.58 billion. The firm’s revenue for the quarter was up 33.5% compared to the same quarter last year. Equities analysts forecast that ZTO EXPRESS INC will post $0.62 EPS for the current fiscal year.
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Several equities research analysts have recently commented on ZTO shares. Zacks Investment Research upgraded shares of ZTO EXPRESS INC from a “sell” rating to a “hold” rating in a report on Thursday, April 13th. CLSA started coverage on shares of ZTO EXPRESS INC in a report on Monday, June 26th. They issued a “sell” rating for the company. Finally, UBS AG started coverage on shares of ZTO EXPRESS INC in a report on Tuesday, July 11th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. ZTO EXPRESS INC presently has a consensus rating of “Buy” and an average price target of $18.17.
ZTO EXPRESS INC Company Profile
ZTO Express (Cayman) Inc is an express delivery company in China. The Company provides express delivery service through its nationwide network, as well as other value-added logistics services. The Company provides its services for a range of online merchants and consumers transacting on the Chinese e-commerce platforms, such as Alibaba and JD.com.
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