ZTO Express (Cayman) Inc. (NYSE:ZTO) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its stake in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 96.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 76,322 shares of the transportation company’s stock after selling 2,333,313 shares during the period. Geode Capital Management LLC’s holdings in ZTO Express (Cayman) were worth $1,890,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new stake in ZTO Express (Cayman) in the third quarter worth $4,721,000. Stifel Financial Corp grew its position in shares of ZTO Express (Cayman) by 8.5% during the third quarter. Stifel Financial Corp now owns 36,952 shares of the transportation company’s stock worth $915,000 after acquiring an additional 2,888 shares during the last quarter. Pinpoint Asset Management Ltd increased its holdings in shares of ZTO Express (Cayman) by 16.7% in the 3rd quarter. Pinpoint Asset Management Ltd now owns 105,162 shares of the transportation company’s stock worth $2,605,000 after acquiring an additional 15,071 shares during the period. Point72 DIFC Ltd bought a new stake in ZTO Express (Cayman) in the 3rd quarter valued at about $26,000. Finally, Point72 Asset Management L.P. acquired a new position in ZTO Express (Cayman) during the 3rd quarter valued at about $12,407,000. Institutional investors and hedge funds own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Down 0.7 %

Shares of ZTO stock opened at $18.95 on Thursday. The stock has a 50-day simple moving average of $20.01 and a 200 day simple moving average of $21.20. The stock has a market capitalization of $11.45 billion, a P/E ratio of 13.07, a P/E/G ratio of 0.98 and a beta of -0.15. ZTO Express has a fifty-two week low of $15.90 and a fifty-two week high of $27.50.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ZTO shares. StockNews.com lowered shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Monday. JPMorgan Chase & Co. assumed coverage on ZTO Express (Cayman) in a report on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 price objective for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, ZTO Express (Cayman) has a consensus rating of “Moderate Buy” and an average target price of $27.03.

ZTO Express (Cayman) 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.