Swiss National Bank Decreases Stake in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Swiss National Bank lowered its stake in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 63.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 350,028 shares of the transportation company's stock after selling 606,827 shares during the quarter. Swiss National Bank owned 0.06% of ZTO Express (Cayman) worth $8,670,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ZTO. Teachers Retirement System of The State of Kentucky boosted its position in ZTO Express (Cayman) by 20.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 564,570 shares of the transportation company's stock worth $11,822,000 after purchasing an additional 97,600 shares during the period. Renaissance Technologies LLC increased its stake in shares of ZTO Express (Cayman) by 60.9% during the second quarter. Renaissance Technologies LLC now owns 167,300 shares of the transportation company's stock valued at $3,471,000 after purchasing an additional 63,300 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in ZTO Express (Cayman) by 17.7% in the second quarter. Public Sector Pension Investment Board now owns 144,347 shares of the transportation company's stock worth $2,995,000 after buying an additional 21,750 shares during the last quarter. Scientech Research LLC purchased a new stake in shares of ZTO Express (Cayman) during the 2nd quarter valued at about $927,000. Finally, Dumac Inc. grew its stake in shares of ZTO Express (Cayman) by 663.2% during the 2nd quarter. Dumac Inc. now owns 96,781 shares of the transportation company's stock valued at $2,008,000 after purchasing an additional 84,100 shares during the period. Institutional investors and hedge funds own 41.65% of the company's stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. started coverage on ZTO Express (Cayman) in a research report on Wednesday, October 30th. They set an "overweight" rating and a $30.00 target price for the company. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, ZTO Express (Cayman) has a consensus rating of "Moderate Buy" and an average target price of $27.03.

ZTO Express (Cayman) Price Performance

ZTO traded down $0.20 on Tuesday, reaching $18.79. 4,317,337 shares of the stock were exchanged, compared to its average volume of 3,466,213. The company's 50-day moving average price is $23.41 and its 200 day moving average price is $22.06. ZTO Express has a fifty-two week low of $15.90 and a fifty-two week high of $27.50. The firm has a market capitalization of $11.35 billion, a PE ratio of 13.10, a PEG ratio of 0.99 and a beta of -0.09.

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.