Royal London Asset Management Ltd. Reduces Stock Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Royal London Asset Management Ltd. reduced its stake in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 95.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,376 shares of the transportation company's stock after selling 765,019 shares during the period. Royal London Asset Management Ltd.'s holdings in ZTO Express (Cayman) were worth $876,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ZTO. Hhlr Advisors LTD. raised its stake in ZTO Express (Cayman) by 8,172.7% in the third quarter. Hhlr Advisors LTD. now owns 3,003,008 shares of the transportation company's stock worth $74,385,000 after buying an additional 2,966,708 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of ZTO Express (Cayman) during the third quarter valued at approximately $29,350,000. Pzena Investment Management LLC increased its stake in shares of 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 purchasing an additional 1,079,327 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of ZTO Express (Cayman) during the third quarter valued at approximately $12,407,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of ZTO Express (Cayman) by 1,731.7% during the second quarter. Envestnet Asset Management Inc. now owns 490,261 shares of the transportation company's stock valued at $10,173,000 after purchasing an additional 463,496 shares in the last quarter. 41.65% of the stock is owned by institutional investors.

ZTO Express (Cayman) Trading Up 4.8 %

ZTO stock traded up $0.88 on Monday, hitting $19.37. The company had a trading volume of 2,491,129 shares, compared to its average volume of 3,457,841. ZTO Express has a 12-month low of $15.90 and a 12-month high of $27.50. The stock's 50-day simple moving average is $22.72 and its 200 day simple moving average is $21.79. The stock has a market cap of $11.70 billion, a price-to-earnings ratio of 13.49, a P/E/G ratio of 0.95 and a beta of -0.13.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of ZTO Express (Cayman) in a research note on Wednesday, October 30th. They set an "overweight" rating and a $30.00 target price for the company. StockNews.com downgraded shares of ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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.