ZTO Express (Cayman) (NYSE:ZTO) Trading 3.3% Higher – Still a Buy?

ZTO Express (Cayman) Inc. (NYSE:ZTO) shares rose 3.3% on Tuesday . The stock traded as high as $20.03 and last traded at $20.00. Approximately 1,067,866 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 3,456,593 shares. The stock had previously closed at $19.37.

Wall Street Analyst Weigh In

ZTO has been the subject of several research analyst reports. StockNews.com cut shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. assumed coverage on ZTO Express (Cayman) in a research note on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 target price on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $27.03.

ZTO Express (Cayman) Stock Performance

The business has a 50 day simple moving average of $21.87 and a 200-day simple moving average of $21.58. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 13.36, a P/E/G ratio of 0.98 and a beta of -0.13.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ZTO. Pzena Investment Management LLC boosted its stake in ZTO Express (Cayman) by 18.1% in the 3rd quarter. Pzena Investment Management LLC now owns 7,039,599 shares of the transportation company’s stock worth $174,371,000 after purchasing an additional 1,079,327 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of 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 valued at $86,307,000 after purchasing an additional 317,450 shares during the last quarter. Hhlr Advisors LTD. boosted its stake in ZTO Express (Cayman) by 8,172.7% during the third quarter. Hhlr Advisors LTD. now owns 3,003,008 shares of the transportation company’s stock worth $74,385,000 after buying an additional 2,966,708 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of ZTO Express (Cayman) by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,714,763 shares of the transportation company’s stock valued at $35,594,000 after buying an additional 40,449 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of ZTO Express (Cayman) by 8.3% during the second quarter. Hsbc Holdings PLC now owns 1,379,748 shares of the transportation company’s stock valued at $28,624,000 after purchasing an additional 105,280 shares during the period. Hedge funds and other institutional investors own 41.65% of the company’s stock.

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.