ZTO Express (ZTO)

• Market cap: $15.3B
• 1 day: 1.49%
• 5 days: 5.59%
• 1 month: -4.79%
• 3 months: -22.93%
• 6 months: -5.35%
• Year to date: 0.32%
• 1 year: 5.82%
• 5 years: -21.05%
• 10 years: 15.21%

About: ZTO Express is China's largest express delivery company by parcel volume, with a volume share of 22.1% in 2022. 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 77% voting rights as of June 30, 2023. ZTO's strategic shareholder is leading China e-commerce company Alibaba Group with around an 11.7% interest.

Employees: 23,554

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

1,258% more call options, than puts

Call options by funds: $369M | Put options by funds: $27.2M

11% more funds holding in top 10

Funds holding in top 10: 9 [Q2] → 10 (+1) [Q3]

9% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 47

0% less funds holding

Funds holding: 236 [Q2] → 235 (-1) [Q3]

7% less capital invested

Capital invested by funds: $4.44B [Q2] → $4.15B (-$289M) [Q3]

7.52% less ownership

Funds ownership: 35.25% [Q2] → 27.72% (-7.52%) [Q3]

31% less repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 90

Research analyst outlook

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

• Low target: $30 57% upside
• Avg. target: $30 57% upside
• High target: $30 57% upside

1 analyst rating

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

JP Morgan Lin Chen 0% 1-year accuracy 0 / 2 met price target

57% upside $30

Overweight Maintained

30 Oct 2024