Point72 Hong Kong Ltd Purchases Shares of 83,159 ZTO Express (Cayman) Inc. (NYSE:ZTO)

Point72 Hong Kong Ltd acquired a new position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 83,159 shares of the transportation company’s stock, valued at approximately $2,060,000.

A number of other large investors have also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. bought a new position in ZTO Express (Cayman) in the 3rd quarter valued at about $8,723,000. Renaissance Technologies LLC raised its stake in shares of ZTO Express (Cayman) by 60.9% in the second quarter. Renaissance Technologies LLC now owns 167,300 shares of the transportation company’s stock worth $3,471,000 after purchasing an additional 63,300 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of ZTO Express (Cayman) by 10.0% in the third 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 in the last quarter. Public Sector Pension Investment Board boosted its position in shares of ZTO Express (Cayman) by 17.7% during the second quarter. Public Sector Pension Investment Board now owns 144,347 shares of the transportation company’s stock valued at $2,995,000 after buying an additional 21,750 shares during the last quarter. Finally, Scientech Research LLC bought a new stake in ZTO Express (Cayman) during the second quarter worth $927,000. 41.65% of the stock is owned by institutional investors.

ZTO Express (Cayman) Price Performance

Shares of NYSE:ZTO opened at $19.00 on Monday. ZTO Express has a 1 year low of $15.90 and a 1 year high of $27.50. The company has a market capitalization of $11.48 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 0.97 and a beta of -0.13. The business has a fifty day moving average price of $23.15 and a two-hundred day moving average price of $21.99.

Analysts Set New Price Targets

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

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.