500,894 Shares in ZTO Express (Cayman) Inc. (NYSE:ZTO) Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. bought a new stake in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 500,894 shares of the transportation company's stock, valued at approximately $12,407,000. Point72 Asset Management L.P. owned about 0.08% of ZTO Express (Cayman) as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ZTO. California State Teachers Retirement System lifted its position in shares of ZTO Express (Cayman) by 4.5% in the first quarter. California State Teachers Retirement System now owns 97,342 shares of the transportation company's stock valued at $2,038,000 after buying an additional 4,148 shares during the last quarter. First Horizon Advisors Inc. acquired a new stake in ZTO Express (Cayman) during the 2nd quarter valued at $45,000. Fifth Third Bancorp boosted its position in ZTO Express (Cayman) by 275.9% during the second quarter. Fifth Third Bancorp now owns 86,494 shares of the transportation company's stock worth $1,795,000 after purchasing an additional 63,483 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of ZTO Express (Cayman) by 28.0% in the second quarter. Bank of New York Mellon Corp now owns 441,739 shares of the transportation company's stock valued at $9,166,000 after purchasing an additional 96,602 shares during the last quarter. Finally, Banco Santander S.A. acquired a new position in shares of ZTO Express (Cayman) in the second quarter valued at $467,000. Institutional investors own 41.65% of the company's stock.

ZTO Express (Cayman) Stock Down 0.8 %

Shares of ZTO traded down $0.15 during midday trading on Friday, reaching $18.49. 3,004,314 shares of the stock were exchanged, compared to its average volume of 3,621,597. The stock's 50 day simple moving average is $22.84 and its 200 day simple moving average is $21.87. ZTO Express has a twelve month low of $15.90 and a twelve month high of $27.50. The company has a market cap of $11.17 billion, a P/E ratio of 12.75, a PEG ratio of 0.95 and a beta of -0.13.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. StockNews.com downgraded shares of ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a report on Thursday. JPMorgan Chase & Co. started coverage on shares of ZTO Express (Cayman) in a research report on Wednesday, October 30th. They set an "overweight" rating and a $30.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $27.03.

ZTO Express (Cayman) Company 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.