Temasek Holdings Private Ltd Has $104.39 Million Stock Holdings in ZTO Express (Cayman) Inc. $ZTO

Temasek Holdings Private Ltd trimmed its position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 33.8% in the 1st quarter, Holdings Channel.com reports. The fund owned 4,147,325 shares of the transportation company’s stock after selling 2,112,916 shares during the quarter. Temasek Holdings Private Ltd’s holdings in ZTO Express (Cayman) were worth $104,388,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ZTO. Caitong International Asset Management Co. Ltd acquired a new position in ZTO Express (Cayman) in the 4th quarter worth about $25,000. Leonteq Securities AG acquired a new stake in shares of ZTO Express (Cayman) during the 4th quarter valued at about $30,000. Atlas Capital Advisors Inc. acquired a new stake in shares of ZTO Express (Cayman) during the 4th quarter valued at about $35,000. Smartleaf Asset Management LLC grew its stake 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 in the last quarter. Finally, Assetmark Inc. grew its stake in shares of ZTO Express (Cayman) by 1,713.0% in the 4th quarter. Assetmark Inc. now owns 2,375 shares of the transportation company’s stock valued at $50,000 after buying an additional 2,244 shares in the last quarter. Institutional investors and hedge funds own 41.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Weiss Ratings lowered shares of ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. JPMorgan Chase & Co. boosted their target price on shares of ZTO Express (Cayman) from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, April 13th. Zacks Research upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Morgan Stanley restated an “overweight” rating and set a $30.10 price target on shares of ZTO Express (Cayman) in a report on Wednesday, May 20th. Finally, Wall Street Zen raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $27.03.

ZTO Express (Cayman) Trading Down 0.6%

Shares of ZTO stock opened at $24.00 on Wednesday. ZTO Express has a 12 month low of $17.74 and a 12 month high of $26.20. The company has a market cap of $13.53 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 0.92 and a beta of -0.22. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $22.93 and its two-hundred day moving average is $23.58.

ZTO Express (Cayman) Profile

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.