Top 5 Stock Picks of Eduardo Costa’s Calixto Global Investors

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1. ZTO Express (Cayman) Inc. (NYSE:ZTO)

Calixto Global Investors’ Stake Value: $22,131,000
Percentage of Calixto Global Investors’ 13F Portfolio: 22.13%
Number of Hedge Fund Holders: 17

ZTO Express (Cayman) Inc. (NYSE:ZTO) is a Chinese firm that provides express delivery and other value-added logistics services. On August 25, Morgan Stanley analyst Qianlei Fan labeled ZTO Express (Cayman) Inc. (NYSE:ZTO) as a “Research Tactical Idea” after the stock’s decline. However, over the next 60 days, he expects the share price to increase in absolute terms. Accordingly, he assigned ZTO shares an ‘Overweight’ rating and a $38.80 price target.

Kerr Neilson’s Platinum Asset Management is the biggest shareholder of ZTO Express (Cayman) Inc. (NYSE:ZTO), with 15.32 million shares worth $420.60 million. According to Insider Monkey’s data, 17 hedge funds were long ZTO Express (Cayman) Inc. (NYSE:ZTO) at the end of the second quarter of 2022, with aggregate stakes valued at about $789.82 million.

ZTO Express (Cayman) Inc. (NYSE:ZTO) stands first on the list of top stock picks of Eduardo Costa’s Calixto Global Investors. Costa’s fund holds a $22.13 million position in ZTO Express (Cayman) Inc. (NYSE:ZTO), which accounts for 22.13% of the total Q2 13F investments.

You can also take a peek at Top 10 Stock Picks of Roberto Mignone’s Bridger Management and Top 10 Stock Picks of John Hempton’s Bronte Capital.

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