ZTO Express (Cayman) Inc. (NYSE:ZTO) Shares Sold by BNP Paribas

BNP Paribas lowered its position in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 6.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,477 shares of the transportation company’s stock after selling 2,562 shares during the quarter. BNP Paribas’ holdings in ZTO Express (Cayman) were worth $879,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC lifted its holdings in ZTO Express (Cayman) by 3.7% in the 3rd quarter. Cerity Partners LLC now owns 18,913 shares of the transportation company’s stock worth $468,000 after buying an additional 674 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of 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 valued at $46,000 after purchasing an additional 690 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of ZTO Express (Cayman) by 4.5% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,791 shares of the transportation company’s stock valued at $390,000 after purchasing an additional 816 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of ZTO Express (Cayman) by 0.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 162,992 shares of the transportation company’s stock valued at $3,389,000 after purchasing an additional 1,047 shares in the last quarter. Finally, Pitcairn Co. raised its stake in shares of ZTO Express (Cayman) by 4.8% in the 3rd quarter. Pitcairn Co. now owns 26,520 shares of the transportation company’s stock valued at $657,000 after purchasing an additional 1,211 shares in the last quarter. Institutional investors and hedge funds own 41.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of 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. StockNews.com upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, ZTO Express (Cayman) currently has an average rating of “Moderate Buy” and an average price target of $27.03.

ZTO Express (Cayman) Stock Up 2.2 %

ZTO opened at $19.21 on Thursday. The firm has a market cap of $11.61 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 0.96 and a beta of -0.09. ZTO Express has a fifty-two week low of $15.90 and a fifty-two week high of $27.50. The company’s 50-day moving average price is $23.28 and its 200 day moving average price is $22.02.

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.