ZTO Express (Cayman) Inc. (NYSE:ZTO) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC reduced its position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 3.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,853 shares of the transportation company’s stock after selling 541 shares during the period. Intech Investment Management LLC’s holdings in ZTO Express (Cayman) were worth $343,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. purchased a new position in ZTO Express (Cayman) during the second quarter worth about $45,000. Van ECK Associates Corp boosted its stake in ZTO Express (Cayman) by 60.8% during the third quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock worth $46,000 after buying an additional 690 shares during the period. Blue Trust Inc. boosted its stake in ZTO Express (Cayman) by 210.0% during the third quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company’s stock worth $57,000 after buying an additional 1,560 shares during the period. Mendota Financial Group LLC purchased a new position in ZTO Express (Cayman) during the second quarter worth about $167,000. Finally, Confluence Investment Management LLC purchased a new position in ZTO Express (Cayman) during the third quarter worth about $222,000. 41.65% of the stock is currently owned by institutional investors and hedge funds.

ZTO Express (Cayman) Stock Performance

NYSE ZTO opened at $19.01 on Wednesday. The firm has a 50 day simple moving average of $23.02 and a 200-day simple moving average of $21.92. ZTO Express has a one year low of $15.90 and a one year high of $27.50. The firm has a market cap of $11.49 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 0.97 and a beta of -0.13.

Analyst Upgrades and Downgrades

ZTO has been the subject of several research analyst reports. StockNews.com raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. started coverage on shares of ZTO Express (Cayman) in a research note on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 price objective for the company. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently 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.