Charles Schwab Investment Management Inc. Purchases 98,877 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

Charles Schwab Investment Management Inc. grew its position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 112.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 187,114 shares of the transportation company’s stock after acquiring an additional 98,877 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in ZTO Express (Cayman) were worth $4,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of ZTO. First Horizon Advisors Inc. bought a new position in shares of ZTO Express (Cayman) during the 2nd quarter valued at $45,000. Van ECK Associates Corp increased its stake in ZTO Express (Cayman) by 60.8% in the 3rd quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock worth $46,000 after buying an additional 690 shares in the last quarter. Blue Trust Inc. increased its stake in ZTO Express (Cayman) by 210.0% in the 3rd 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 in the last quarter. Confluence Investment Management LLC purchased a new stake in ZTO Express (Cayman) in the 3rd quarter worth $222,000. Finally, Caprock Group LLC purchased a new stake in ZTO Express (Cayman) in the 3rd quarter worth $230,000. 41.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ZTO. JPMorgan Chase & Co. started coverage on ZTO Express (Cayman) in a research note on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 price target for the company. StockNews.com lowered ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, ZTO Express (Cayman) currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.03.

ZTO Express (Cayman) Trading Up 1.1 %

ZTO opened at $19.22 on Friday. The firm has a market cap of $11.61 billion, a P/E ratio of 13.26, a P/E/G ratio of 0.95 and a beta of -0.13. ZTO Express has a 12 month low of $15.90 and a 12 month high of $27.50. The stock has a 50-day moving average of $22.02 and a 200 day moving average of $21.65.

About ZTO Express (Cayman)

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.