Oppenheimer Asset Management Inc. Invests $212,000 in Zto Express Inc (NYSE:ZTO)
Oppenheimer Asset Management Inc. bought a new position in shares of Zto Express Inc (NYSE:ZTO) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,184 shares of the transportation company’s stock, valued at approximately $212,000.
A number of other large investors have also recently modified their holdings of ZTO. Neuberger Berman Group LLC acquired a new position in shares of Zto Express during the first quarter valued at $59,961,000. Morgan Stanley increased its position in shares of Zto Express by 354.1% in the first quarter. Morgan Stanley now owns 2,631,625 shares of the transportation company’s stock valued at $34,447,000 after buying an additional 2,052,111 shares during the period. Wellington Management Group LLP increased its position in shares of Zto Express by 137.3% in the first quarter. Wellington Management Group LLP now owns 2,552,671 shares of the transportation company’s stock valued at $33,414,000 after buying an additional 1,476,814 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Zto Express during the first quarter valued at $26,307,000. Finally, TIAA CREF Investment Management LLC increased its position in shares of Zto Express by 85.1% in the first quarter. TIAA CREF Investment Management LLC now owns 1,538,816 shares of the transportation company’s stock valued at $20,143,000 after buying an additional 707,495 shares during the period. 20.32% of the stock is owned by institutional investors and hedge funds.
Shares of Zto Express Inc (ZTO) traded down 0.73% during mid-day trading on Tuesday, reaching $14.92. The company’s stock had a trading volume of 2,156,787 shares. The company’s 50-day moving average is $14.73 and its 200-day moving average is $13.66. Zto Express Inc has a 52 week low of $11.14 and a 52 week high of $18.45. The stock has a market capitalization of $10.75 billion and a price-to-earnings ratio of 32.51.
Zto Express (NYSE:ZTO) last issued its earnings results on Wednesday, May 17th. The transportation company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.58 billion. The business’s revenue was up 33.5% on a year-over-year basis. Equities analysts predict that Zto Express Inc will post $0.62 EPS for the current year.
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Several research analysts recently weighed in on the company. HSBC Holdings plc assumed coverage on Zto Express in a research note on Tuesday. They set a “reduce” rating and a $12.50 target price on the stock. Zacks Investment Research upgraded Zto Express from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. UBS AG began coverage on Zto Express in a research report on Tuesday, July 11th. They set a “buy” rating for the company. Finally, CLSA began coverage on Zto Express in a research report on Monday, June 26th. They set a “sell” rating for the company. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $17.36.
About Zto Express
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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