Caisse DE Depot ET Placement DU Quebec Reduces Stock Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Caisse DE Depot ET Placement DU Quebec lowered its position in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 55.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 511,235 shares of the transportation company's stock after selling 625,816 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.08% of ZTO Express (Cayman) worth $12,663,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of ZTO Express (Cayman) during the 3rd quarter worth approximately $8,723,000. Renaissance Technologies LLC increased its stake in ZTO Express (Cayman) by 60.9% during the second quarter. Renaissance Technologies LLC now owns 167,300 shares of the transportation company's stock worth $3,471,000 after acquiring an additional 63,300 shares during the last quarter. Fisher Asset Management LLC raised its position in ZTO Express (Cayman) by 10.0% in the third quarter. Fisher Asset Management LLC now owns 3,484,318 shares of the transportation company's stock valued at $86,307,000 after purchasing an additional 317,450 shares during the period. Public Sector Pension Investment Board lifted its stake in shares of ZTO Express (Cayman) by 17.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 144,347 shares of the transportation company's stock valued at $2,995,000 after purchasing an additional 21,750 shares during the last quarter. Finally, Scientech Research LLC purchased a new position in shares of ZTO Express (Cayman) during the 2nd quarter worth $927,000. 41.65% of the stock is currently owned by institutional investors and hedge funds.

ZTO Express (Cayman) Price Performance

Shares of NYSE ZTO traded up $0.03 during mid-day trading on Tuesday, hitting $19.01. The company had a trading volume of 4,252,954 shares, compared to its average volume of 3,477,526. The company has a market capitalization of $11.49 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 0.97 and a beta of -0.13. The business's 50-day simple moving average is $23.02 and its 200 day simple moving average is $21.92. ZTO Express has a 1-year low of $15.90 and a 1-year high of $27.50.

Analyst Upgrades and Downgrades

ZTO has been the topic of several recent analyst reports. StockNews.com upgraded shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. started coverage on ZTO Express (Cayman) in a research report on Wednesday, October 30th. They issued an "overweight" rating and a $30.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, ZTO Express (Cayman) has an average rating of "Moderate Buy" and a consensus target price of $27.03.

ZTO Express (Cayman) Profile

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.