Caprock Group LLC Takes $230,000 Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Caprock Group LLC acquired a new position in ZTO Express (Cayman) Inc. (NYSE:ZTO) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 9,166 shares of the transportation company’s stock, valued at approximately $230,000.

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

ZTO Express (Cayman) Stock Performance

Shares of NYSE:ZTO opened at $19.28 on Monday. The company has a market capitalization of $11.65 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 0.99 and a beta of -0.09. The stock has a fifty day moving average of $23.47 and a 200-day moving average of $22.07. ZTO Express has a one year low of $15.90 and a one year high of $27.50.

Analyst Ratings Changes

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

ZTO Express (Cayman) Company 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.