Truist Financial Corp Sells 10,047 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

Truist Financial Corp reduced its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 27.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,444 shares of the transportation company’s stock after selling 10,047 shares during the period. Truist Financial Corp’s holdings in ZTO Express (Cayman) were worth $517,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ZTO. Point72 DIFC Ltd bought a new position in ZTO Express (Cayman) in the 3rd quarter worth approximately $26,000. Van ECK Associates Corp increased its position in ZTO Express (Cayman) by 60.8% in the 3rd 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. Point72 Asia Singapore Pte. Ltd. bought a new position in ZTO Express (Cayman) in the 3rd quarter worth approximately $46,000. Blue Trust Inc. increased its position in ZTO Express (Cayman) by 119.8% in the 4th quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company’s stock worth $99,000 after buying an additional 2,758 shares during the period. Finally, Confluence Investment Management LLC increased its position in ZTO Express (Cayman) by 14.8% in the 4th quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company’s stock worth $201,000 after buying an additional 1,326 shares during the period. 41.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ZTO shares. StockNews.com upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Hsbc Global Res cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, HSBC cut ZTO Express (Cayman) from a “buy” rating to a “hold” rating and lowered their price objective for the company from $28.00 to $20.00 in a research report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, ZTO Express (Cayman) currently has a consensus rating of “Moderate Buy” and an average target price of $24.53.

ZTO Express (Cayman) Price Performance

Shares of NYSE:ZTO opened at $19.82 on Tuesday. The business’s fifty day moving average price is $19.26 and its two-hundred day moving average price is $21.02. ZTO Express has a fifty-two week low of $17.89 and a fifty-two week high of $27.50. The stock has a market capitalization of $11.98 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 1.03 and a beta of -0.16.

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.