ZTO Express (Cayman) Inc. (NYSE:ZTO) Shares Sold by BNP Paribas

BNP Paribas decreased its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 6.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 35,477 shares of the transportation company’s stock after selling 2,562 shares during the period. BNP Paribas’ holdings in ZTO Express (Cayman) were worth $879,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund bought a new position in ZTO Express (Cayman) in the 3rd quarter worth about $29,350,000. Quantbot Technologies LP bought a new position in ZTO Express (Cayman) in the 3rd quarter worth about $666,000. DRW Securities LLC bought a new position in ZTO Express (Cayman) in the 3rd quarter worth about $411,000. Fisher Asset Management LLC grew its position in ZTO Express (Cayman) by 10.0% in the 3rd quarter. Fisher Asset Management LLC now owns 3,484,318 shares of the transportation company’s stock worth $86,307,000 after purchasing an additional 317,450 shares during the last quarter. Finally, Pitcairn Co. grew its position in ZTO Express (Cayman) by 4.8% in the 3rd quarter. Pitcairn Co. now owns 26,520 shares of the transportation company’s stock worth $657,000 after purchasing an additional 1,211 shares during the last quarter. Institutional investors own 41.65% of the company’s stock.

Analyst Upgrades and Downgrades

ZTO has been the subject of several recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of ZTO Express (Cayman) in a report on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 price objective for the company. StockNews.com upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, ZTO Express (Cayman) currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.03.

ZTO Express (Cayman) Price Performance

ZTO stock opened at $19.21 on Thursday. ZTO Express has a 12 month low of $15.90 and a 12 month high of $27.50. The firm has a market cap of $11.61 billion, a PE ratio of 13.25, a P/E/G ratio of 0.96 and a beta of -0.09. The firm has a 50 day simple moving average of $23.28 and a 200 day simple moving average of $22.02.

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.