ZTO Express
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 Q4 regulatory filings by fund managers ($100M+ AUM)
1,039% more call options, than puts
Call options by funds: $329M | Put options by funds: $28.9M
3.16% less ownership
Funds ownership: 27.54% [Q3] → 24.37% (-3.16%) [Q4]
17% less funds holding
Funds holding: 237 [Q3] → 197 (-40) [Q4]
20% less funds holding in top 10
Funds holding in top 10: 10 [Q3] → 8 (-2) [Q4]
30% less repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 83
30% less capital invested
Capital invested by funds: $4.12B [Q3] → $2.88B (-$1.24B) [Q4]
56% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 62
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
HSBC Parash Jain 25% 1-year accuracy 1 / 4 met price target | 0%upside $20 | Hold Downgraded | 21 Jan 2025 |
Financial journalist opinion









