Fmr LLC Cuts Stock Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Fmr LLC cut its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 0.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 8,903,180 shares of the transportation company’s stock after selling 33,349 shares during the period. Fmr LLC owned approximately 1.47% of ZTO Express (Cayman) worth $220,532,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cerity Partners LLC lifted its stake in shares of ZTO Express (Cayman) by 3.7% in the third quarter. Cerity Partners LLC now owns 18,913 shares of the transportation company’s stock worth $468,000 after acquiring an additional 674 shares in the last quarter. Van ECK Associates Corp lifted its position 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 valued at $46,000 after purchasing an additional 690 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of ZTO Express (Cayman) by 4.5% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,791 shares of the transportation company’s stock worth $390,000 after buying an additional 816 shares during the period. DekaBank Deutsche Girozentrale boosted its position in ZTO Express (Cayman) by 0.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 162,992 shares of the transportation company’s stock worth $3,389,000 after acquiring an additional 1,047 shares during the period. Finally, Pitcairn Co. increased its holdings in shares of ZTO Express (Cayman) by 4.8% during the third quarter. Pitcairn Co. now owns 26,520 shares of the transportation company’s stock valued at $657,000 after purchasing an additional 1,211 shares during the period. Hedge funds and other institutional investors own 41.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ZTO. JPMorgan Chase & Co. assumed coverage on ZTO Express (Cayman) in a report on Wednesday, October 30th. They set an “overweight” rating and a $30.00 target price on the stock. StockNews.com upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, ZTO Express (Cayman) currently has an average rating of “Moderate Buy” and a consensus price target of $27.03.

ZTO Express (Cayman) Stock Performance

Shares of ZTO opened at $18.98 on Tuesday. The company has a market capitalization of $11.47 billion, a PE ratio of 13.09, a PEG ratio of 0.97 and a beta of -0.13. The company’s 50 day moving average price is $23.10 and its 200 day moving average price is $21.96. ZTO Express has a 52 week low of $15.90 and a 52 week high of $27.50.

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.