Fifth Third Bancorp Sells 13,496 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

Fifth Third Bancorp cut its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 15.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,518 shares of the transportation company's stock after selling 13,496 shares during the period. Fifth Third Bancorp's holdings in ZTO Express (Cayman) were worth $1,418,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of ZTO Express (Cayman) by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,714,763 shares of the transportation company's stock valued at $35,594,000 after purchasing an additional 40,449 shares during the period. Sei Investments Co. increased its stake in ZTO Express (Cayman) by 19.6% in the 2nd quarter. Sei Investments Co. now owns 37,113 shares of the transportation company's stock worth $770,000 after buying an additional 6,075 shares in the last quarter. Marshall Wace LLP bought a new stake in ZTO Express (Cayman) during the second quarter valued at about $533,000. MBB Public Markets I LLC purchased a new position in shares of ZTO Express (Cayman) in the second quarter valued at about $602,000. Finally, Creative Planning boosted its stake in shares of ZTO Express (Cayman) by 54.4% in the second quarter. Creative Planning now owns 29,170 shares of the transportation company's stock worth $605,000 after acquiring an additional 10,275 shares during the period. Institutional investors own 41.65% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ZTO. HSBC cut shares of ZTO Express (Cayman) from a "buy" rating to a "hold" rating and cut their target price for the company from $28.00 to $20.00 in a research note on Tuesday, January 21st. StockNews.com raised ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. assumed coverage on ZTO Express (Cayman) in a research report on Wednesday, October 30th. They issued an "overweight" rating and a $30.00 target price on the stock. Finally, Hsbc Global Res cut ZTO Express (Cayman) from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.53.

ZTO Express (Cayman) Trading Down 2.2 %

NYSE:ZTO traded down $0.42 during midday trading on Friday, hitting $18.67. 2,308,946 shares of the company traded hands, compared to its average volume of 2,372,525. The firm has a market capitalization of $11.28 billion, a P/E ratio of 12.87, a P/E/G ratio of 0.93 and a beta of -0.15. The firm's fifty day moving average is $19.07 and its 200-day moving average is $20.97. ZTO Express has a 12-month low of $15.90 and a 12-month high of $27.50.

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.