Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,184,900 shares of the transportation company's stock, valued at approximately $29,350,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.20% of ZTO Express (Cayman) at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Van ECK Associates Corp increased its stake in shares of ZTO Express (Cayman) by 60.8% during 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 during the period. First Horizon Advisors Inc. bought a new position in shares of ZTO Express (Cayman) in the 2nd quarter valued at $45,000. Blue Trust Inc. increased its stake 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 valued at $57,000 after purchasing an additional 1,560 shares during the last quarter. Mendota Financial Group LLC bought a new position in shares of ZTO Express (Cayman) in the 2nd quarter valued at $167,000. Finally, Confluence Investment Management LLC bought a new position in shares of ZTO Express (Cayman) in the 3rd quarter valued at $222,000. Institutional investors own 41.65% of the company's stock.
ZTO Express (Cayman) Price Performance
ZTO stock traded up $0.42 during midday trading on Thursday, reaching $19.21. 5,987,693 shares of the stock were exchanged, compared to its average volume of 3,312,800. The stock has a market capitalization of $11.61 billion, a PE ratio of 13.25, a P/E/G ratio of 0.96 and a beta of -0.09. ZTO Express has a 52 week low of $15.90 and a 52 week high of $27.50. The company has a fifty day moving average price of $23.28 and a 200 day moving average price of $22.02.
Analyst Ratings Changes
Several brokerages have recently issued reports on ZTO. JPMorgan Chase & Co. began coverage on ZTO Express (Cayman) in a research note on Wednesday, October 30th. They issued an "overweight" rating and a $30.00 price target on the stock. StockNews.com upgraded ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $27.03.
View Our Latest Research Report on ZTO Express (Cayman)
ZTO Express (Cayman) Company Profile
(
Free Report)
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.
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