Royal London Asset Management Ltd. Trims Stock Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Royal London Asset Management Ltd. trimmed its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 95.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 35,376 shares of the transportation company’s stock after selling 765,019 shares during the period. Royal London Asset Management Ltd.’s holdings in ZTO Express (Cayman) were worth $876,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ZTO. Pzena Investment Management LLC lifted its stake in shares of 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 valued at $174,371,000 after purchasing an additional 1,079,327 shares during the last quarter. Fisher Asset Management LLC lifted its position in 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 buying 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 boosted its stake in 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 worth $35,594,000 after buying an additional 40,449 shares during the period. Finally, Hsbc Holdings PLC increased its position 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 acquiring an additional 105,280 shares during the last quarter. 41.65% of the stock is currently owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Stock Performance

Shares of ZTO stock opened at $18.49 on Monday. ZTO Express has a fifty-two week low of $15.90 and a fifty-two week high of $27.50. The company has a 50 day moving average price of $22.72 and a 200 day moving average price of $21.79. The stock has a market capitalization of $11.17 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 0.95 and a beta of -0.13.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. began coverage on shares of ZTO Express (Cayman) in a research report on Wednesday, October 30th. They set an “overweight” rating and a $30.00 price objective for the company. StockNews.com lowered ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $27.03.

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.