Fifth Third Bancorp Has $1.42 Million Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Fifth Third Bancorp lessened its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTOFree Report) by 15.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 72,518 shares of the transportation company’s stock after selling 13,496 shares during the quarter. Fifth Third Bancorp’s holdings in ZTO Express (Cayman) were worth $1,418,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ZTO. Dimensional Fund Advisors LP boosted its holdings 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 worth $35,594,000 after acquiring an additional 40,449 shares during the period. Sei Investments Co. boosted its stake in ZTO Express (Cayman) by 19.6% in the 2nd quarter. Sei Investments Co. now owns 37,113 shares of the transportation company’s stock valued at $770,000 after purchasing an additional 6,075 shares during the period. Marshall Wace LLP acquired a new position in ZTO Express (Cayman) in the 2nd quarter valued at $533,000. MBB Public Markets I LLC acquired a new stake in shares of ZTO Express (Cayman) during the second quarter worth $602,000. Finally, Creative Planning boosted its position in shares of ZTO Express (Cayman) by 54.4% in the second quarter. Creative Planning now owns 29,170 shares of the transportation company’s stock valued at $605,000 after acquiring an additional 10,275 shares during the period. Institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Trading Down 0.0 %

NYSE ZTO opened at $19.03 on Wednesday. The firm’s 50 day simple moving average is $19.17 and its 200 day simple moving average is $21.02. The firm has a market capitalization of $11.50 billion, a price-to-earnings ratio of 13.12, a P/E/G ratio of 0.94 and a beta of -0.15. ZTO Express has a 1 year low of $15.90 and a 1 year high of $27.50.

Wall Street Analysts Forecast Growth

ZTO has been the subject of several analyst reports. Hsbc Global Res cut shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. began coverage on shares of ZTO Express (Cayman) in a research report on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 price target for the company. HSBC downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating and reduced their price target for the stock from $28.00 to $20.00 in a research report on Tuesday, January 21st. Finally, StockNews.com raised ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $24.53.

Read Our Latest Analysis on ZTO

About ZTO Express (Cayman)

(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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