Victory Capital Management Inc. lessened its position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 14.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,069 shares of the transportation company's stock after selling 13,075 shares during the period. Victory Capital Management Inc.'s holdings in ZTO Express (Cayman) were worth $1,549,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Marshall Wace LLP raised its position in ZTO Express (Cayman) by 831.6% during the fourth quarter. Marshall Wace LLP now owns 1,168,821 shares of the transportation company's stock valued at $22,850,000 after purchasing an additional 1,043,359 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in ZTO Express (Cayman) by 46.5% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 826,850 shares of the transportation company's stock valued at $16,165,000 after purchasing an additional 262,280 shares in the last quarter. WFM ASIA BVI Ltd acquired a new position in ZTO Express (Cayman) during the fourth quarter valued at approximately $11,364,000. Envestnet Asset Management Inc. raised its position in ZTO Express (Cayman) by 31.1% during the first quarter. Envestnet Asset Management Inc. now owns 577,800 shares of the transportation company's stock valued at $11,464,000 after purchasing an additional 137,202 shares in the last quarter. Finally, Voloridge Investment Management LLC acquired a new position in ZTO Express (Cayman) during the fourth quarter valued at approximately $10,802,000. 41.65% of the stock is currently owned by institutional investors and hedge funds.
ZTO Express (Cayman) Price Performance
Shares of ZTO Express (Cayman) stock traded up $0.56 during trading on Friday, hitting $20.25. The company's stock had a trading volume of 3,984,481 shares, compared to its average volume of 2,585,974. ZTO Express has a 52 week low of $16.34 and a 52 week high of $27.50. The stock has a market cap of $12.12 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 3.03 and a beta of -0.18. The stock has a 50-day moving average price of $18.07 and a two-hundred day moving average price of $18.78.
Analyst Ratings Changes
ZTO has been the topic of a number of research reports. Bank of America cut shares of ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $24.00 to $19.00 in a research note on Thursday, May 22nd. Citigroup decreased their target price on shares of ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. Hsbc Global Res raised shares of ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. JPMorgan Chase & Co. raised shares of ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and decreased their target price for the stock from $23.00 to $21.00 in a research note on Thursday, May 29th. Finally, Morgan Stanley set a $24.20 target price on shares of ZTO Express (Cayman) in a research note on Wednesday, July 2nd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $21.76.
Read Our Latest Stock Report on ZTO
About ZTO Express (Cayman)
(
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.
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