Serenity Capital Management PTE. LTD. Takes Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Serenity Capital Management PTE. LTD. acquired a new stake in ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Rating) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,663,535 shares of the transportation company's stock, valued at approximately $179,049,000. ZTO Express (Cayman) comprises approximately 83.7% of Serenity Capital Management PTE. LTD.'s investment portfolio, making the stock its biggest holding. Serenity Capital Management PTE. LTD. owned about 1.10% of ZTO Express (Cayman) at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Platinum Investment Management Ltd. boosted its holdings in ZTO Express (Cayman) by 6.4% in the 4th quarter. Platinum Investment Management Ltd. now owns 16,931,038 shares of the transportation company's stock valued at $454,937,000 after purchasing an additional 1,016,157 shares during the last quarter. Green Court Capital Management Ltd lifted its holdings in ZTO Express (Cayman) by 35.8% in the third quarter. Green Court Capital Management Ltd now owns 9,731,965 shares of the transportation company's stock valued at $233,859,000 after acquiring an additional 2,563,465 shares during the last quarter. Wellington Management Group LLP grew its position in ZTO Express (Cayman) by 63.9% in the first quarter. Wellington Management Group LLP now owns 5,599,212 shares of the transportation company's stock worth $139,980,000 after acquiring an additional 2,182,319 shares during the period. Goldman Sachs Group Inc. increased its stake in ZTO Express (Cayman) by 11.7% during the second quarter. Goldman Sachs Group Inc. now owns 5,342,954 shares of the transportation company's stock worth $146,664,000 after acquiring an additional 559,554 shares during the last quarter. Finally, Ward Ferry Management BVI Ltd raised its position in ZTO Express (Cayman) by 5.4% in the fourth quarter. Ward Ferry Management BVI Ltd now owns 4,833,600 shares of the transportation company's stock valued at $129,879,000 after purchasing an additional 246,300 shares during the period. Hedge funds and other institutional investors own 40.56% of the company's stock.

NYSE:ZTO traded down $0.36 during midday trading on Friday, hitting $27.14. 1,063,975 shares of the company were exchanged, compared to its average volume of 2,731,834. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. ZTO Express has a fifty-two week low of $16.27 and a fifty-two week high of $30.05. The company has a market capitalization of $16.34 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 1.15 and a beta of 0.02. The company has a fifty day simple moving average of $27.94 and a 200 day simple moving average of $27.11.

ZTO Express (Cayman) (NYSE:ZTO - Get Rating) last issued its quarterly earnings results on Wednesday, March 15th. The transportation company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. The firm had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.34 billion. ZTO Express (Cayman) had a net margin of 20.76% and a return on equity of 14.25%. As a group, equities analysts anticipate that ZTO Express will post 1.43 earnings per share for the current fiscal year.

The business also recently disclosed a -- dividend, which was paid on Friday, April 28th. Shareholders of record on Thursday, April 6th were given a dividend of $0.37 per share. This is a boost from ZTO Express (Cayman)'s previous -- dividend of $0.25. The ex-dividend date was Wednesday, April 5th.

A number of brokerages recently issued reports on ZTO. Bank of America raised their price objective on ZTO Express (Cayman) from $36.00 to $39.00 in a research report on Thursday, May 18th. HSBC boosted their price target on shares of ZTO Express (Cayman) from $33.00 to $36.00 and gave the company a "buy" rating in a research note on Friday, March 17th. StockNews.com downgraded shares of ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a report on Wednesday. Finally, The Goldman Sachs Group upgraded ZTO Express (Cayman) from a "neutral" rating to a "buy" rating and upped their price target for the stock from $37.00 to $42.00 in a research note on Monday, April 24th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, ZTO Express (Cayman) currently has an average rating of "Moderate Buy" and an average target price of $36.96.

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.

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