TB Alternative Assets Ltd. Has $4.90 Million Stock Holdings in ZTO Express (Cayman) Inc. $ZTO

TB Alternative Assets Ltd. boosted its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 208.5% during the third quarter, HoldingsChannel reports. The fund owned 254,948 shares of the transportation company’s stock after purchasing an additional 172,300 shares during the quarter. ZTO Express (Cayman) comprises 0.7% of TB Alternative Assets Ltd.’s holdings, making the stock its 26th largest position. TB Alternative Assets Ltd.’s holdings in ZTO Express (Cayman) were worth $4,895,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. CWM LLC lifted its holdings in shares of ZTO Express (Cayman) by 42.2% during the third quarter. CWM LLC now owns 2,341 shares of the transportation company’s stock worth $45,000 after purchasing an additional 695 shares during the period. Confluence Investment Management LLC acquired a new stake in ZTO Express (Cayman) in the third quarter valued at $233,000. Legacy Wealth Asset Management LLC raised its position in ZTO Express (Cayman) by 0.5% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 137,761 shares of the transportation company’s stock worth $2,645,000 after purchasing an additional 686 shares during the last quarter. Captrust Financial Advisors lifted its holdings in ZTO Express (Cayman) by 3.8% during the 2nd quarter. Captrust Financial Advisors now owns 32,424 shares of the transportation company’s stock worth $576,000 after buying an additional 1,177 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in shares of ZTO Express (Cayman) by 61.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock valued at $36,000 after buying an additional 769 shares during the last quarter. Institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Down 0.1%

NYSE:ZTO opened at $21.25 on Friday. The company has a fifty day moving average of $20.00 and a 200-day moving average of $19.25. The firm has a market capitalization of $12.71 billion, a P/E ratio of 14.07, a P/E/G ratio of 4.24 and a beta of -0.20. ZTO Express has a twelve month low of $16.34 and a twelve month high of $22.01.

ZTO Express (Cayman) (NYSE:ZTO) last posted its quarterly earnings results on Thursday, November 20th. The transportation company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $2.51 by ($2.08). ZTO Express (Cayman) had a return on equity of 14.33% and a net margin of 18.61%.During the same quarter last year, the firm earned $2.90 earnings per share. ZTO Express (Cayman)’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, analysts anticipate that ZTO Express will post 1.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ZTO shares. Weiss Ratings restated a “hold (c)” rating on shares of ZTO Express (Cayman) in a research report on Monday, December 22nd. Wall Street Zen upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Zacks Research raised shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, ZTO Express (Cayman) currently has a consensus rating of “Buy” and an average price target of $22.36.

About ZTO Express (Cayman)

ZTO Express (Cayman) Inc is one of China’s leading express delivery companies, specializing in both domestic and cross-border parcel logistics. The company operates a technology-enabled network that connects shippers, independent pickup and delivery stations, regional sorting hubs and end customers. ZTO’s service portfolio includes standard express, heavy-weight parcel delivery, time-definite shipments and e-commerce logistics solutions tailored for online retailers and marketplaces.

Founded in 2002 and headquartered in Shanghai, ZTO has grown rapidly by leveraging a franchise-style operating model that engages a broad network of independent contractors.