Top 5 Stocks to Buy Today According to Kerr Neilson’s Platinum Asset Management

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

Platinum Asset Management’s Stake Value: $420,636,000

Percentage of Platinum Asset Management’s 13F Portfolio: 11.70%

Number of Hedge Fund Holders: 28

ZTO Express (Cayman) Inc. (NYSE:ZTO) is a Shanghai-based company that offers express delivery and value-added logistics services in China for e-commerce and traditional merchants. ZTO Express (Cayman) Inc. (NYSE:ZTO) is the largest holding in the Q4 portfolio of Kerr Neilson’s Platinum Asset Management, with the hedge fund owning about 15 million shares of the company, worth $420.6 million, representing 11.70% of the total 13F portfolio. ​​

On March 18, Citi analyst Lu Xu maintained a Buy rating on ZTO Express (Cayman) Inc. (NYSE:ZTO) but lowered the price target on the shares to $39.60 from $40.90 following the Q4 results. ZTO Express (Cayman) Inc. (NYSE:ZTO) is actively exploring its options regarding the American delisting issue in order to gain more proactive control, including but not limited to a Hong Kong primary dual listing, the analyst told investors in a research note. His bullish thesis remains intact given ZTO Express (Cayman) Inc. (NYSE:ZTO)’s “defensiveness with better-than-peer cost advantage and attractive valuation”. 

Insider Monkey’s fourth quarter database suggests that 28 hedge funds were bullish on ZTO Express (Cayman) Inc. (NYSE:ZTO), up from 20 funds in the prior quarter. The total stakes owned in Q4 2021 amounted to more than $1 billion. Wang Chan’s Serenity Capital is a notable stakeholder of the company, with 7.4 million shares worth $210.6 million. 

You can also take a look at Top 10 Small-Cap Stocks Added to Billionaire Mario Gabelli’s Portfolio and 10 Finance Stocks to Buy Today According to George Soros’ Soros Fund Management

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