Charles Schwab Investment Management Inc. Raises Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Charles Schwab Investment Management Inc. lifted its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 112.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,114 shares of the transportation company's stock after purchasing an additional 98,877 shares during the period. Charles Schwab Investment Management Inc.'s holdings in ZTO Express (Cayman) were worth $4,635,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ZTO. Connor Clark & Lunn Investment Management Ltd. bought a new position in ZTO Express (Cayman) during the third quarter valued at $8,723,000. Renaissance Technologies LLC lifted its position in shares of ZTO Express (Cayman) by 60.9% during the 2nd quarter. Renaissance Technologies LLC now owns 167,300 shares of the transportation company's stock valued at $3,471,000 after buying an additional 63,300 shares during the last quarter. Public Sector Pension Investment Board grew its stake in shares of ZTO Express (Cayman) by 17.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 144,347 shares of the transportation company's stock worth $2,995,000 after acquiring an additional 21,750 shares during the period. Scientech Research LLC purchased a new stake in ZTO Express (Cayman) in the 2nd quarter worth about $927,000. Finally, Dumac Inc. raised its stake in ZTO Express (Cayman) by 663.2% in the 2nd quarter. Dumac Inc. now owns 96,781 shares of the transportation company's stock valued at $2,008,000 after acquiring an additional 84,100 shares during the period. 41.65% of the stock is owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Stock Up 1.0 %

NYSE:ZTO traded up $0.19 during midday trading on Friday, hitting $19.21. The company had a trading volume of 4,586,097 shares, compared to its average volume of 3,621,793. The stock's fifty day moving average price is $22.02 and its 200-day moving average price is $21.65. ZTO Express has a 52-week low of $15.90 and a 52-week high of $27.50. The company has a market capitalization of $11.61 billion, a PE ratio of 13.25, a P/E/G ratio of 0.98 and a beta of -0.13.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ZTO shares. StockNews.com lowered shares of ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a research report on Thursday, December 5th. 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 price target for the company. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.