Sequoia Financial Advisors LLC bought a new stake in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 16,308 shares of the transportation company's stock, valued at approximately $289,000.
Other hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in ZTO Express (Cayman) by 6.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,212 shares of the transportation company's stock valued at $242,000 after buying an additional 730 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in ZTO Express (Cayman) by 31.1% in the first quarter. Envestnet Asset Management Inc. now owns 577,800 shares of the transportation company's stock valued at $11,464,000 after buying an additional 137,202 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of ZTO Express (Cayman) during the first quarter valued at $343,000. DAVENPORT & Co LLC increased its holdings in shares of ZTO Express (Cayman) by 6.5% during the second quarter. DAVENPORT & Co LLC now owns 46,956 shares of the transportation company's stock valued at $833,000 after purchasing an additional 2,848 shares during the period. Finally, Cerity Partners LLC increased its holdings in shares of ZTO Express (Cayman) by 30.6% during the first quarter. Cerity Partners LLC now owns 26,170 shares of the transportation company's stock valued at $519,000 after purchasing an additional 6,135 shares during the period. 41.65% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have recently commented on ZTO. Zacks Research raised ZTO Express (Cayman) from a "strong sell" rating to a "hold" rating in a report on Thursday, September 25th. Bank of America raised their price target on ZTO Express (Cayman) from $19.00 to $22.00 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Morgan Stanley set a $24.20 price target on ZTO Express (Cayman) in a report on Wednesday, July 2nd. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of ZTO Express (Cayman) in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $22.36.
Get Our Latest Stock Analysis on ZTO Express (Cayman)
ZTO Express (Cayman) Stock Down 0.1%
NYSE:ZTO opened at $18.99 on Thursday. The business's 50-day moving average price is $18.99 and its 200 day moving average price is $18.61. The firm has a market cap of $11.36 billion, a P/E ratio of 12.83, a PEG ratio of 7.43 and a beta of -0.18. ZTO Express has a 52-week low of $16.34 and a 52-week high of $25.19.
ZTO Express (Cayman) Cuts Dividend
The business also recently declared a semi-annual dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a yield of 312.0%. ZTO Express (Cayman)'s dividend payout ratio (DPR) is currently 39.19%.
ZTO Express (Cayman) Company Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding ZTO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider ZTO Express (Cayman), you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ZTO Express (Cayman) wasn't on the list.
While ZTO Express (Cayman) currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
