Goldman Sachs Group Inc. Acquires 29,732 Shares of Zto Express Inc (NYSE:ZTO)
Goldman Sachs Group Inc. raised its position in shares of Zto Express Inc (NYSE:ZTO) by 49.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 90,159 shares of the transportation company’s stock after buying an additional 29,732 shares during the period. Goldman Sachs Group Inc.’s holdings in Zto Express were worth $1,180,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Zto Express during the first quarter worth about $137,000. Wells Fargo & Company MN boosted its stake in shares of Zto Express by 68.1% in the first quarter. Wells Fargo & Company MN now owns 12,292 shares of the transportation company’s stock worth $160,000 after buying an additional 4,979 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Zto Express during the first quarter worth about $212,000. Nomura Holdings Inc. acquired a new stake in shares of Zto Express during the first quarter worth about $273,000. Finally, Quantitative Systematic Strategies LLC boosted its stake in shares of Zto Express by 29.2% in the first quarter. Quantitative Systematic Strategies LLC now owns 22,240 shares of the transportation company’s stock worth $291,000 after buying an additional 5,021 shares during the last quarter. 20.32% of the stock is owned by institutional investors.
Shares of Zto Express Inc (NYSE ZTO) traded down 6.3248% during midday trading on Friday, hitting $13.1801. 2,737,546 shares of the stock were exchanged. The stock’s 50-day moving average price is $14.76 and its 200-day moving average price is $13.71. Zto Express Inc has a 1-year low of $11.14 and a 1-year high of $18.45. The firm has a market capitalization of $9.50 billion and a price-to-earnings ratio of 28.5284.
Zto Express (NYSE:ZTO) last posted its quarterly earnings results on Wednesday, May 17th. The transportation company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.58 billion. The company’s revenue for the quarter was up 33.5% on a year-over-year basis. On average, analysts forecast that Zto Express Inc will post $0.62 EPS for the current year.
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A number of equities research analysts have recently issued reports on ZTO shares. UBS AG started coverage on shares of Zto Express in a research report on Tuesday, July 11th. They issued a “buy” rating for the company. Zacks Investment Research raised shares of Zto Express from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. HSBC Holdings plc started coverage on shares of Zto Express in a research report on Tuesday. They issued a “reduce” rating and a $12.50 target price for the company. Finally, CLSA started coverage on shares of Zto Express in a research report on Monday, June 26th. They issued a “sell” rating for the company. Two research 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. The company presently has a consensus rating of “Hold” and a consensus price target 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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