Erste Asset Management GmbH Acquires Shares of 184,876 ZTO Express (Cayman) Inc. (NYSE:ZTO)

Erste Asset Management GmbH 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 and Exchange Commission (SEC). The fund bought 184,876 shares of the transportation company's stock, valued at approximately $4,443,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of ZTO Express (Cayman) during the third quarter worth about $8,723,000. Renaissance Technologies LLC increased its position in ZTO Express (Cayman) by 60.9% in the 2nd quarter. Renaissance Technologies LLC now owns 167,300 shares of the transportation company's stock valued at $3,471,000 after acquiring an additional 63,300 shares during the period. Fisher Asset Management LLC increased its position in ZTO Express (Cayman) by 10.0% in the 3rd quarter. Fisher Asset Management LLC now owns 3,484,318 shares of the transportation company's stock valued at $86,307,000 after acquiring an additional 317,450 shares during the period. Public Sector Pension Investment Board increased its position in 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 acquiring an additional 21,750 shares during the period. Finally, Scientech Research LLC acquired a new position in ZTO Express (Cayman) in the 2nd quarter valued at about $927,000. Institutional investors and hedge funds own 41.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ZTO. JPMorgan Chase & Co. began coverage on ZTO Express (Cayman) in a research report 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 report on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $27.03.

ZTO Express (Cayman) Stock Performance

ZTO traded up $0.03 during trading on Tuesday, reaching $19.01. The company's stock had a trading volume of 4,252,954 shares, compared to its average volume of 3,477,526. ZTO Express has a 52-week low of $15.90 and a 52-week high of $27.50. The company's fifty day moving average price is $23.02 and its 200-day moving average price is $21.92. The company has a market capitalization of $11.49 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 0.97 and a beta of -0.13.

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.