Caprock Group LLC Makes New $230,000 Investment in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Caprock Group LLC purchased a new stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 9,166 shares of the transportation company’s stock, valued at approximately $230,000.

Several other institutional investors have also made changes to their positions in ZTO. EntryPoint Capital LLC acquired a new stake in ZTO Express (Cayman) in the first quarter valued at approximately $43,000. First Horizon Advisors Inc. acquired a new stake in shares of ZTO Express (Cayman) in the 2nd quarter valued at $45,000. Van ECK Associates Corp boosted its holdings in ZTO Express (Cayman) by 60.8% in the third quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock worth $46,000 after purchasing an additional 690 shares in the last quarter. Blue Trust Inc. increased its position in ZTO Express (Cayman) by 210.0% during the third quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company’s stock worth $57,000 after buying an additional 1,560 shares during the last quarter. Finally, Mendota Financial Group LLC bought a new position in ZTO Express (Cayman) during the second quarter valued at about $167,000. 41.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. started coverage on ZTO Express (Cayman) in a research note on Wednesday, October 30th. They set an “overweight” rating and a $30.00 price target for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, ZTO Express (Cayman) has an average rating of “Moderate Buy” and an average price target of $27.03.

ZTO Express (Cayman) Trading Down 2.7 %

NYSE:ZTO opened at $19.28 on Monday. The firm has a market capitalization of $11.65 billion, a PE ratio of 13.30, a PEG ratio of 0.99 and a beta of -0.09. ZTO Express has a 1 year low of $15.90 and a 1 year high of $27.50. The firm’s fifty day simple moving average is $23.47 and its 200 day simple moving average is $22.07.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.