ZTO Express (Cayman) Inc. (NYSE:ZTO) Shares Sold by Swiss National Bank

Swiss National Bank cut its stake in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 63.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 350,028 shares of the transportation company’s stock after selling 606,827 shares during the period. Swiss National Bank’s holdings in ZTO Express (Cayman) were worth $8,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in shares of ZTO Express (Cayman) by 1,731.7% during the second quarter. Envestnet Asset Management Inc. now owns 490,261 shares of the transportation company’s stock valued at $10,173,000 after purchasing an additional 463,496 shares during the period. State of New Jersey Common Pension Fund D increased its holdings in shares of ZTO Express (Cayman) by 119.5% during the second quarter. State of New Jersey Common Pension Fund D now owns 509,092 shares of the transportation company’s stock valued at $10,564,000 after purchasing an additional 277,110 shares during the period. Barings LLC increased its holdings in shares of ZTO Express (Cayman) by 100.9% during the second quarter. Barings LLC now owns 437,816 shares of the transportation company’s stock valued at $9,085,000 after purchasing an additional 219,926 shares during the period. XY Capital Ltd acquired a new position in shares of ZTO Express (Cayman) during the third quarter valued at $3,183,000. Finally, Swedbank AB acquired a new position in shares of ZTO Express (Cayman) during the first quarter valued at $2,594,000. 41.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. initiated coverage on ZTO Express (Cayman) in a report on Wednesday, October 30th. They set an “overweight” rating and a $30.00 price target on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $27.03.

ZTO Express (Cayman) Stock Down 1.5 %

Shares of ZTO stock opened at $18.99 on Tuesday. The stock has a 50-day simple moving average of $23.41 and a 200 day simple moving average of $22.06. ZTO Express has a fifty-two week low of $15.90 and a fifty-two week high of $27.50. The stock has a market capitalization of $11.47 billion, a P/E ratio of 13.10, a P/E/G ratio of 0.99 and a beta of -0.09.

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.