Geode Capital Management LLC Reduces Stock Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Geode Capital Management LLC cut its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 96.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,322 shares of the transportation company's stock after selling 2,333,313 shares during the quarter. Geode Capital Management LLC's holdings in ZTO Express (Cayman) were worth $1,890,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Point72 DIFC Ltd purchased a new position in shares of ZTO Express (Cayman) during the 3rd quarter worth approximately $26,000. Van ECK Associates Corp lifted 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 acquiring an additional 690 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of ZTO Express (Cayman) during the 3rd quarter worth $46,000. Blue Trust Inc. increased its holdings in shares of ZTO Express (Cayman) by 210.0% in the 3rd 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 in the last quarter. Finally, Confluence Investment Management LLC acquired a new stake in shares of ZTO Express (Cayman) in the third quarter valued at about $222,000. 41.65% of the stock is currently owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Trading Down 0.7 %

Shares of ZTO Express (Cayman) stock traded down $0.14 during trading hours on Thursday, reaching $18.95. The stock had a trading volume of 2,959,071 shares, compared to its average volume of 2,206,334. ZTO Express has a 1 year low of $15.90 and a 1 year high of $27.50. The firm has a market capitalization of $11.45 billion, a price-to-earnings ratio of 13.07, a P/E/G ratio of 0.98 and a beta of -0.15. The firm has a 50 day simple moving average of $19.92 and a two-hundred day simple moving average of $21.19.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ZTO. StockNews.com lowered ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a research note on Monday. JPMorgan Chase & Co. assumed coverage on ZTO Express (Cayman) in a research report on Wednesday, October 30th. They set an "overweight" rating and a $30.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $27.03.

About ZTO Express (Cayman)

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.