Point72 Hong Kong Ltd Buys Shares of 83,159 ZTO Express (Cayman) Inc. (NYSE:ZTO)

Point72 Hong Kong Ltd purchased a new position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 83,159 shares of the transportation company’s stock, valued at approximately $2,060,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. California State Teachers Retirement System increased its holdings in 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 purchasing an additional 4,148 shares during the period. Swedbank AB acquired a new position in shares of ZTO Express (Cayman) in the first quarter worth approximately $2,594,000. Mendota Financial Group LLC bought a new stake in ZTO Express (Cayman) in the second quarter valued at approximately $167,000. E Fund Management Hong Kong Co. Ltd. increased its position in ZTO Express (Cayman) by 2.1% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 341,040 shares of the transportation company’s stock valued at $7,077,000 after purchasing an additional 7,002 shares during the period. Finally, First Horizon Advisors Inc. bought a new position in ZTO Express (Cayman) during the 2nd quarter worth approximately $45,000. Institutional investors and hedge funds own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Down 1.1 %

NYSE:ZTO opened at $19.00 on Monday. The firm has a market capitalization of $11.48 billion, a P/E ratio of 13.10, a P/E/G ratio of 0.97 and a beta of -0.13. ZTO Express has a twelve month low of $15.90 and a twelve month high of $27.50. The company has a fifty day moving average of $23.15 and a 200-day moving average of $21.99.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ZTO shares. StockNews.com upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. assumed 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 on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, ZTO Express (Cayman) has an average rating of “Moderate Buy” and an average target price 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.