Erste Asset Management GmbH Takes $4.44 Million Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Erste Asset Management GmbH purchased a new position in ZTO Express (Cayman) Inc. (NYSE:ZTO) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 184,876 shares of the transportation company’s stock, valued at approximately $4,443,000.

A number of other institutional investors have also added to or reduced their stakes in ZTO. First Horizon Advisors Inc. purchased a new stake in shares of ZTO Express (Cayman) in the 2nd quarter worth about $45,000. Van ECK Associates Corp grew its holdings in ZTO Express (Cayman) by 60.8% in the third quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock worth $46,000 after purchasing an additional 690 shares during the period. Blue Trust Inc. lifted its holdings in shares of ZTO Express (Cayman) by 210.0% during the third quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 1,560 shares during the last quarter. Mendota Financial Group LLC purchased a new position in shares of ZTO Express (Cayman) during the second quarter valued at approximately $167,000. Finally, Confluence Investment Management LLC bought a new stake in shares of ZTO Express (Cayman) in the 3rd quarter worth approximately $222,000. Institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Trading Down 0.1 %

ZTO Express (Cayman) stock opened at $18.98 on Tuesday. The stock has a fifty day simple moving average of $23.10 and a two-hundred day simple moving average of $21.96. 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 $11.47 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 0.97 and a beta of -0.13.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on ZTO Express (Cayman) in a research report on Wednesday, October 30th. They set an “overweight” rating and a $30.00 price objective for the company. StockNews.com upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.03.

About ZTO Express (Cayman)

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.