---
title: "ZTO Express Cancels 25.6 Million Class A Shares Following February Buybacks"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282061654.md"
description: "ZTO Express has canceled 25.6 million Class A shares following buybacks in February 2026, reducing its issued Class A shares from 589.4 million to 563.8 million. The company confirmed compliance with Hong Kong's public float requirements and reported a stable market cap of $18.26 billion. Analysts rate ZTO stock as a Hold with a price target of $26.00, while AI analysis suggests an Outperform rating due to strong financial performance and bullish technical momentum. ZTO Express is a leading logistics provider based in Shanghai, China, listed in Hong Kong and the U.S."
datetime: "2026-04-08T13:58:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282061654.md)
  - [en](https://longbridge.com/en/news/282061654.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282061654.md)
---

# ZTO Express Cancels 25.6 Million Class A Shares Following February Buybacks

### Easter Sale - 70% Off TipRanks

-   Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
-   Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

ZTO Express ( (ZTO) ) has provided an update.

ZTO Express reported to Hong Kong Exchanges and Clearing that its total authorised share capital remained unchanged at US$1 million as of March 31, 2026, across its Class A, Class B and undesignated weighted voting rights ordinary shares. The company confirmed compliance with Hong Kong’s minimum public float requirements for its listed Class A shares.

During March 2026, ZTO’s issued Class A share count fell from 589,428,169 to 563,800,693 after cancelling 25,627,476 shares tied to earlier repurchase activities in February 2026. These cancellations included 7,373,076 Class A shares represented by American depositary shares repurchased on the New York Stock Exchange and 18,254,400 Class A shares repurchased concurrently with a February 4, 2026 offering of convertible senior notes, while its outstanding 2027 and 2031 convertible notes remained unchanged.

The most recent analyst rating on (ZTO) stock is a Hold with a $26.00 price target. To see the full list of analyst forecasts on ZTO Express stock, see the ZTO Stock Forecast page.

**Spark’s Take on ZTO Stock**

According to Spark, TipRanks’ AI Analyst, ZTO is a Outperform.

ZTO Express scores well due to its strong financial performance and stable valuation. The technical analysis indicates bullish momentum, although overbought conditions could pose short-term risks. The absence of recent earnings call data and corporate events means these factors do not influence the score.

To see Spark’s full report on ZTO stock, click here.

**More about ZTO Express**

ZTO Express (Cayman) Inc. is a leading express delivery and logistics provider based in Shanghai, China, operating through a network model to serve China’s fast-growing e-commerce and parcel delivery market. The company is incorporated in the Cayman Islands with weighted voting rights and maintains listings in both Hong Kong and the United States.

**Average Trading Volume:** 2,094,004

**Technical Sentiment Signal:** Buy

**Current Market Cap:** $18.26B

Learn more about ZTO stock on TipRanks’ Stock Analysis page.

### Related Stocks

- [516530.CN](https://longbridge.com/en/quote/516530.CN.md)
- [159666.CN](https://longbridge.com/en/quote/159666.CN.md)
- [ZTO.US](https://longbridge.com/en/quote/ZTO.US.md)
- [159662.CN](https://longbridge.com/en/quote/159662.CN.md)
- [02057.HK](https://longbridge.com/en/quote/02057.HK.md)
- [516910.CN](https://longbridge.com/en/quote/516910.CN.md)

## Related News & Research

- [ZTO Reports First Quarter 2026 Unaudited Financial Results | ZTO Stock News](https://longbridge.com/en/news/286971103.md)
- [ZTO Express details board roles and committee structure](https://longbridge.com/en/news/286981772.md)
- [ZTO Express Lowers Convertible Note Conversion Price After Dividend Adjustment](https://longbridge.com/en/news/286983653.md)
- [Assessing ZTO Express (NYSE:ZTO) After Recent Swings In US-Listed Chinese Logistics Stocks](https://longbridge.com/en/news/286913251.md)
- [Transactions in connection with share buy-back program](https://longbridge.com/en/news/286746558.md)