Point72 Hong Kong Ltd Invests $2.06 Million in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Point72 Hong Kong Ltd purchased a new stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 83,159 shares of the transportation company's stock, valued at approximately $2,060,000.

Other hedge funds have also bought and sold shares of the company. Pzena Investment Management LLC grew its position in ZTO Express (Cayman) by 18.1% during 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 lifted its stake in shares of ZTO Express (Cayman) by 10.0% in the third quarter. Fisher Asset Management LLC now owns 3,484,318 shares of the transportation company's stock worth $86,307,000 after buying an additional 317,450 shares in the last quarter. Hhlr Advisors LTD. increased its position in ZTO Express (Cayman) by 8,172.7% during the third quarter. Hhlr Advisors LTD. now owns 3,003,008 shares of the transportation company's stock worth $74,385,000 after purchasing an additional 2,966,708 shares during the last quarter. Dimensional Fund Advisors LP increased its position in ZTO Express (Cayman) by 2.4% during the second 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 during the last quarter. Finally, Hsbc Holdings PLC increased its position in ZTO Express (Cayman) by 8.3% during 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. Institutional investors and hedge funds own 41.65% of the company's stock.

ZTO Express (Cayman) Stock Down 0.1 %

ZTO Express (Cayman) stock traded down $0.01 during trading on Monday, reaching $18.99. The stock had a trading volume of 1,296,442 shares, compared to its average volume of 3,462,075. ZTO Express has a 52-week low of $15.90 and a 52-week high of $27.50. The business has a 50 day moving average price of $23.15 and a 200 day moving average price of $21.99. The stock has a market cap of $11.47 billion, a PE ratio of 13.10, a P/E/G ratio of 0.97 and a beta of -0.13.

Analysts Set New Price Targets

ZTO has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. initiated 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 target for the company. StockNews.com upgraded shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently 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.