BlackRock Fund Advisors recently announced the acquisition of new stake in ZTO Express (Cayman) Inc ADR (NYSE:ZTO). The institutional investor has increased its shareholding in the Industrials company by 0.56% to 12.91 million shares with purchase of 72269.0 shares. This fresh investment now brings its stake to 2.13% valued currently at $274.63 million. In addition, Goldman Sachs & Co. LLC raised its holdings by 1.31 million to 8.66 million shares. And Green Court Capital Management Lt has lifted its position by 4.11% or 0.33 million shares – to 8.41 million shares.
Currently, there are 609.17M common shares owned by the public and among those 594.75M shares have been available to trade.
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The top 3 mutual fund holders in ZTO Express (Cayman) Inc ADR are Invesco Developing Markets Fund, Government Pension Fund – Global, and Fidelity Inv. Trust – Emerging Ma. Invesco Developing Markets Fund owns 36.8 million shares of the company’s stock, all valued at over $783.06 million. Government Pension Fund – Global bought 4.48 million shares to see its total holdings expand to 7.43 million shares valued at over $158.12 million and representing 1.23% of the shares outstanding. Fidelity Inv. Trust – Emerging Ma bought 0.41 million shares to bring its total holdings to over 5.14 million shares at a value of $109.48 million. Fidelity Inv. Trust – Emerging Ma now owns shares totaling to 0.85% of the shares outstanding.
The company’s stock has a 5-day price change of -2.83% and -25.96% over the past three months. ZTO shares are trading -17.86% year to date (YTD), with the 12-month market performance down to -37.67% lower. It has a 12-month low price of $16.77 and touched a high of $30.05 over the same period. ZTO has an average intraday trading volume of 3.12 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -10.08%, -16.78%, and -29.36% respectively.
Institutional ownership of ZTO Express (Cayman) Inc ADR (NYSE: ZTO) shares accounts for 44.98% of the company’s 609.17M shares outstanding. Mutual fund holders own 18.90%, while other institutional holders and individual stakeholders account for 25.59% and — respectively.
It has a market capitalization of $10.46B and a beta (3y monthly) value of -0.07. The stock’s trailing 12-month PE ratio is 11.81, while the earnings-per-share (ttm) stands at $1.48. The company has a PEG of 0.72 and a Quick Ratio of 1.13 with the debt-to-equity ratio at 0.30. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.72% over the week and 2.73% over the month.
Analysts forecast that ZTO Express (Cayman) Inc ADR (ZTO) will achieve an EPS of $0.38 for the current quarter, $0.36 for the next quarter and $1.76 for 2024. The lowest estimate earnings-per-share for the quarter is $0.36 while analysts give the company a high EPS estimate of $0.4. Comparatively, EPS for the current quarter was $0.38 a year ago. Earnings per share for the fiscal year are expected to increase by 31.63%, and 16.79% over the next financial year. EPS should shrink at an annualized rate of 16.50% over the next five years, compared to 17.08% over the past 5-year period.
Looking at the support for the ZTO, a number of firms have released research notes about the stock. BofA Securities stated their Neutral rating for the stock in a research note on November 07, 2023, with the firm’s price target at $34-$28.
