Fmr LLC Trims Stock Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

FMR LLC decreased its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,903,180 shares of the transportation company's stock after selling 33,349 shares during the quarter. FMR LLC owned approximately 1.47% of ZTO Express (Cayman) worth $220,532,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Pzena Investment Management LLC lifted its stake in ZTO Express (Cayman) by 18.1% in the third quarter. Pzena Investment Management LLC now owns 7,039,599 shares of the transportation company's stock valued at $174,371,000 after buying an additional 1,079,327 shares during the period. Fisher Asset Management LLC boosted its stake in ZTO Express (Cayman) by 10.0% during 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 purchasing an additional 317,450 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in 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 worth $35,594,000 after purchasing an additional 40,449 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of ZTO Express (Cayman) by 8.3% in the second quarter. Hsbc Holdings PLC now owns 1,379,748 shares of the transportation company's stock worth $28,624,000 after purchasing an additional 105,280 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of ZTO Express (Cayman) by 6.9% in the second quarter. American Century Companies Inc. now owns 866,829 shares of the transportation company's stock worth $17,987,000 after purchasing an additional 56,032 shares during the last quarter. 41.65% of the stock is currently owned by institutional investors and hedge funds.

ZTO Express (Cayman) Price Performance

Shares of ZTO Express (Cayman) stock traded up $0.19 during trading hours on Tuesday, hitting $19.17. 1,050,277 shares of the company's stock traded hands, compared to its average volume of 3,464,051. The company has a fifty day simple moving average of $23.10 and a 200-day simple moving average of $21.96. The stock has a market capitalization of $11.58 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 0.97 and a beta of -0.13. ZTO Express has a 12-month low of $15.90 and a 12-month high of $27.50.

Analyst Upgrades and Downgrades

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