Fisher Asset Management LLC Has $86.31 Million Stake in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Fisher Asset Management LLC increased its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 10.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 3,484,318 shares of the transportation company’s stock after purchasing an additional 317,450 shares during the quarter. Fisher Asset Management LLC’s holdings in ZTO Express (Cayman) were worth $86,307,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ZTO. Van ECK Associates Corp raised its position in shares of ZTO Express (Cayman) by 60.8% during the 3rd quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 690 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of ZTO Express (Cayman) during the first quarter worth $43,000. First Horizon Advisors Inc. bought a new stake in ZTO Express (Cayman) in the second quarter valued at about $45,000. Blue Trust Inc. lifted its stake in ZTO Express (Cayman) by 210.0% in the third quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company’s stock valued at $57,000 after buying an additional 1,560 shares during the period. Finally, Mendota Financial Group LLC acquired a new position in shares of ZTO Express (Cayman) during the 2nd quarter worth about $167,000. 41.65% of the stock is currently owned by institutional investors and hedge funds.

ZTO Express (Cayman) Trading Down 1.5 %

NYSE:ZTO opened at $18.99 on Tuesday. ZTO Express has a 1 year low of $15.90 and a 1 year high of $27.50. The stock has a 50-day moving average price of $23.41 and a two-hundred day moving average price of $22.06. The stock has a market cap of $11.47 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 0.99 and a beta of -0.09.

Wall Street Analysts Forecast Growth

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