Fisher Asset Management LLC lifted its position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 10.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,484,318 shares of the transportation company's stock after acquiring an additional 317,450 shares during the quarter. Fisher Asset Management LLC owned approximately 0.58% of ZTO Express (Cayman) worth $86,307,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in ZTO. EntryPoint Capital LLC bought a new stake in shares of ZTO Express (Cayman) during the first quarter worth $43,000. First Horizon Advisors Inc. bought a new stake in ZTO Express (Cayman) in the second quarter valued at about $45,000. Van ECK Associates Corp increased its holdings 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 valued at $46,000 after purchasing an additional 690 shares during the last quarter. Blue Trust Inc. increased 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 valued at $57,000 after purchasing an additional 1,560 shares during the last quarter. Finally, Mendota Financial Group LLC bought a new stake in ZTO Express (Cayman) in the second quarter valued at about $167,000. Institutional investors own 41.65% of the company's stock.
ZTO Express (Cayman) Trading Down 1.1 %
Shares of ZTO stock traded down $0.20 on Tuesday, hitting $18.79. 4,308,260 shares of the stock were exchanged, compared to its average volume of 3,467,370. The firm has a market capitalization of $11.35 billion, a P/E ratio of 13.10, a price-to-earnings-growth ratio of 0.99 and a beta of -0.09. The business has a 50-day moving average of $23.41 and a 200 day moving average of $22.06. ZTO Express has a fifty-two week low of $15.90 and a fifty-two week high of $27.50.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. started coverage on ZTO Express (Cayman) in a report on Wednesday, October 30th. They issued an "overweight" rating and a $30.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $27.03.
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About ZTO Express (Cayman)
(
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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