ZTO Express (ZTO)

• Market cap: $15.3B
• 1 day: -1.6%
• 5 days: 0.47%
• 1 month: -5.54%
• 3 months: 10.86%
• 6 months: -7.91%
• Year to date: 0.32%
• 1 year: -14.55%
• 5 years: -38.08%
• 10 years: 15.21%
• Sector: Industrials
• Industry: Integrated Freight & Logistics

About: ZTO Express is China's largest express delivery company by parcel volume, with a volume share of 19.4% in 2024. It operates a network partner model where it provides line-haul transportation and sorting services, while its local network partners provide first-mile pickup and last-mile delivery services under the ZTO brand name. Headquartered in Shanghai, the company was founded in 2002 by Meisong Lai, who remains chair, CEO, and its major shareholder with 78% voting rights as of March 31, 2025. ZTO's strategic shareholder is leading China e-commerce company Alibaba Group with around an 8.9% interest.

Employees: 24,477

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

339% more call options, than puts

Call options by funds: $144M | Put options by funds: $32.7M

8.2% less ownership

Funds ownership: 22.51% [Q1] → 14.31% (-8.2%) [Q2]

11% less funds holding

Funds holding: 202 [Q1] → 179 (-23) [Q2]

29% less repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 77

43% less capital invested

Capital invested by funds: $2.67B [Q1] → $1.52B (-$1.15B) [Q2]

50% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 40

64% less funds holding in top 10

Funds holding in top 10: 11 [Q1] → 4 (-7) [Q2]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $22
• Avg. target: $22
• High target: $22

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

B of A Securities Fan Tso

$22

Neutral Maintained

20 Aug 2025