Quantbot Technologies LP bought a new position in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 26,882 shares of the transportation company's stock, valued at approximately $666,000.
A number of other hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. acquired a new stake in shares of ZTO Express (Cayman) during the second quarter worth approximately $45,000. Van ECK Associates Corp raised 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. Blue Trust Inc. raised its position 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 valued at $57,000 after purchasing an additional 1,560 shares during the last quarter. Mendota Financial Group LLC acquired a new position in ZTO Express (Cayman) in the second quarter worth $167,000. Finally, Confluence Investment Management LLC acquired a new stake in shares of ZTO Express (Cayman) in the third quarter valued at $222,000. Institutional investors and hedge funds own 41.65% of the company's stock.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of ZTO Express (Cayman) in a research report on Wednesday, October 30th. They set an "overweight" rating and a $30.00 price target on the stock. StockNews.com raised shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $27.03.
Get Our Latest Analysis on ZTO
ZTO Express (Cayman) Price Performance
Shares of ZTO stock traded up $0.09 during trading hours on Tuesday, reaching $19.07. The company had a trading volume of 1,867,922 shares, compared to its average volume of 3,467,478. The firm has a market cap of $11.52 billion, a price-to-earnings ratio of 13.09, a P/E/G 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.
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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