ZTO Express (ZTO)

• Market cap: $15.9B
• 1 day: 2.89%
• 5 days: -1.29%
• 1 month: -0.60%
• 3 months: 3.10%
• 6 months: -9.72%
• Year to date: 4.94%
• 1 year: -7.46%
• 5 years: -20.50%
• 10 years: 20.52%
• Sector: Industrials
• Industry: Trucking & Courier Services, Except Air

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

• Low target: $20 0% upside
• Avg. target: $20 0% upside
• High target: $20 0% upside

1 analyst rating

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

HSBC Parash Jain 25% 1-year accuracy 1 / 4 met price target

0% upside $20

Hold Downgraded

21 Jan 2025