BNP Paribas Financial Markets Sells 820,292 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

BNP Paribas Financial Markets trimmed its stake in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 67.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 387,232 shares of the transportation company’s stock after selling 820,292 shares during the period. BNP Paribas Financial Markets owned approximately 0.06% of ZTO Express (Cayman) worth $9,592,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Van ECK Associates Corp lifted its position 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 buying an additional 690 shares during the last quarter. First Horizon Advisors Inc. purchased a new stake in shares of ZTO Express (Cayman) in the second quarter valued at $45,000. Blue Trust Inc. lifted its holdings in shares of 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 acquiring an additional 1,560 shares during the last quarter. Mendota Financial Group LLC bought a new stake in shares of ZTO Express (Cayman) in the 2nd quarter worth about $167,000. Finally, Confluence Investment Management LLC purchased a new position in shares of ZTO Express (Cayman) during the 3rd quarter worth about $222,000. Hedge funds and other institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Price Performance

Shares of ZTO opened at $18.98 on Tuesday. The firm has a market capitalization of $11.47 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 0.97 and a beta of -0.13. ZTO Express has a 1-year low of $15.90 and a 1-year high of $27.50. The company has a 50-day moving average of $23.10 and a 200 day moving average of $21.96.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ZTO. StockNews.com raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. began 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.03.

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.