State of New Jersey Common Pension Fund D Increases Stake in ZTO Express (Cayman) Inc. (NYSE:ZTO)

State of New Jersey Common Pension Fund D boosted its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTOFree Report) by 7.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 374,301 shares of the transportation company’s stock after buying an additional 24,826 shares during the period. State of New Jersey Common Pension Fund D owned 0.06% of ZTO Express (Cayman) worth $9,047,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in ZTO Express (Cayman) by 10.0% during the first quarter. BlackRock Inc. now owns 19,764,920 shares of the transportation company’s stock worth $566,463,000 after buying an additional 1,796,713 shares during the last quarter. Capital Research Global Investors raised its position in ZTO Express (Cayman) by 0.5% in the second quarter. Capital Research Global Investors now owns 11,104,648 shares of the transportation company’s stock valued at $278,513,000 after purchasing an additional 60,080 shares during the period. JPMorgan Chase & Co. raised its position in ZTO Express (Cayman) by 164.7% in the second quarter. JPMorgan Chase & Co. now owns 7,164,746 shares of the transportation company’s stock valued at $179,692,000 after purchasing an additional 4,457,822 shares during the period. State Street Corp raised its position in ZTO Express (Cayman) by 0.9% in the first quarter. State Street Corp now owns 6,877,188 shares of the transportation company’s stock valued at $197,100,000 after purchasing an additional 59,101 shares during the period. Finally, Wellington Management Group LLP raised its position in ZTO Express (Cayman) by 63.9% in the first quarter. Wellington Management Group LLP now owns 5,599,212 shares of the transportation company’s stock valued at $139,980,000 after purchasing an additional 2,182,319 shares during the period. Institutional investors and hedge funds own 41.68% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on ZTO. Bank of America downgraded ZTO Express (Cayman) from a “buy” rating to a “neutral” rating and reduced their target price for the company from $34.00 to $28.00 in a research report on Tuesday, November 7th. StockNews.com downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.40.

View Our Latest Report on ZTO

ZTO Express (Cayman) Price Performance

ZTO stock opened at $17.19 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $10.43 billion, a PE ratio of 11.54, a P/E/G ratio of 0.61 and a beta of -0.07. ZTO Express has a 12-month low of $15.90 and a 12-month high of $30.05. The business’s fifty day moving average price is $19.13 and its 200 day moving average price is $22.53.

ZTO Express (Cayman) (NYSE:ZTOGet Free Report) last posted its quarterly earnings data on Thursday, November 16th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.06. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.45 billion. ZTO Express (Cayman) had a return on equity of 15.56% and a net margin of 23.07%. On average, sell-side analysts anticipate that ZTO Express will post 1.46 EPS for the current year.

ZTO Express (Cayman) Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ZTO Express (Cayman) (NYSE:ZTO)

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