Atria Investments Inc Cuts Stake in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Atria Investments Inc cut its stake in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 6.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,259 shares of the transportation company’s stock after selling 970 shares during the quarter. Atria Investments Inc’s holdings in ZTO Express (Cayman) were worth $378,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ZTO. XY Capital Ltd purchased a new stake in shares of ZTO Express (Cayman) during the third quarter worth about $3,183,000. Confluence Investment Management LLC purchased a new stake in shares of ZTO Express (Cayman) during the third quarter worth about $222,000. QRG Capital Management Inc. purchased a new stake in shares of ZTO Express (Cayman) during the third quarter worth about $393,000. Van ECK Associates Corp increased its position in shares of ZTO Express (Cayman) by 60.8% during the third quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock worth $46,000 after acquiring an additional 690 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of ZTO Express (Cayman) by 6.1% during the third quarter. US Bancorp DE now owns 87,870 shares of the transportation company’s stock worth $2,177,000 after acquiring an additional 5,074 shares during the last quarter. 41.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. started coverage on ZTO Express (Cayman) in a research note on Wednesday, October 30th. They set an “overweight” rating and a $30.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.03.

ZTO Express (Cayman) Price Performance

Shares of NYSE:ZTO opened at $19.82 on Friday. ZTO Express has a one year low of $15.90 and a one year high of $27.50. The stock has a fifty day moving average of $23.52 and a 200-day moving average of $22.07. The company has a market capitalization of $11.98 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 1.00 and a beta of -0.09. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.26 and a current ratio of 1.26.

ZTO Express (Cayman) (NYSE:ZTO) last released its earnings results on Tuesday, August 20th. The transportation company reported $0.47 earnings per share (EPS) for the quarter. ZTO Express (Cayman) had a return on equity of 15.62% and a net margin of 20.56%. The company had revenue of $1.48 billion during the quarter. As a group, equities analysts anticipate that ZTO Express will post 1.66 EPS for the current fiscal year.

ZTO Express (Cayman) Company Profile

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.