Bridgewater Associates LP trimmed its position in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 60.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 165,275 shares of the transportation company's stock after selling 248,589 shares during the period. Bridgewater Associates LP's holdings in ZTO Express (Cayman) were worth $4,094,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Van ECK Associates Corp grew its stake 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 purchasing an additional 690 shares in the last quarter. First Horizon Advisors Inc. bought a new position in ZTO Express (Cayman) in the second quarter worth about $45,000. Blue Trust Inc. lifted its holdings in ZTO Express (Cayman) by 210.0% in the third 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 position in ZTO Express (Cayman) in the second quarter worth about $167,000. Finally, Confluence Investment Management LLC bought a new position in ZTO Express (Cayman) in the third quarter worth about $222,000. 41.65% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have issued reports on ZTO shares. StockNews.com raised shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a report on Wednesday. JPMorgan Chase & Co. started coverage on shares of ZTO Express (Cayman) in a report on Wednesday, October 30th. They issued an "overweight" rating and a $30.00 target price on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $27.03.
View Our Latest Stock Analysis on ZTO
ZTO Express (Cayman) Stock Performance
Shares of ZTO traded down $0.21 during mid-day trading on Friday, reaching $19.00. 1,636,936 shares of the company's stock traded hands, compared to its average volume of 3,415,219. The business's 50-day moving average price is $23.15 and its 200-day moving average price is $21.99. The stock has a market capitalization of $11.48 billion, a P/E ratio of 13.10, a price-to-earnings-growth ratio of 0.98 and a beta of -0.09. ZTO Express has a 12 month low of $15.90 and a 12 month high of $27.50.
ZTO Express (Cayman) Profile
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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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