DRW Securities LLC Purchases New Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

DRW Securities LLC acquired a new stake in ZTO Express (Cayman) Inc. (NYSE:ZTO) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 16,579 shares of the transportation company’s stock, valued at approximately $411,000.

Other institutional investors have also added to or reduced their stakes in the company. Pzena Investment Management LLC raised its stake in shares of ZTO Express (Cayman) by 18.1% in the third quarter. Pzena Investment Management LLC now owns 7,039,599 shares of the transportation company’s stock worth $174,371,000 after purchasing an additional 1,079,327 shares during the last quarter. Fisher Asset Management LLC raised its position in ZTO Express (Cayman) by 10.0% in the 3rd quarter. Fisher Asset Management LLC now owns 3,484,318 shares of the transportation company’s stock worth $86,307,000 after buying an additional 317,450 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in ZTO Express (Cayman) by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,714,763 shares of the transportation company’s stock valued at $35,594,000 after acquiring an additional 40,449 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of ZTO Express (Cayman) by 8.3% during the 2nd 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. Finally, American Century Companies Inc. grew its stake in shares of ZTO Express (Cayman) by 6.9% in the second quarter. American Century Companies Inc. now owns 866,829 shares of the transportation company’s stock worth $17,987,000 after acquiring an additional 56,032 shares during the period. 41.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. began 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 for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $27.03.

ZTO Express (Cayman) Stock Performance

ZTO Express (Cayman) stock opened at $18.79 on Wednesday. ZTO Express has a one year low of $15.90 and a one year high of $27.50. The stock has a fifty day moving average of $23.34 and a 200 day moving average of $22.04. The stock has a market cap of $11.35 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 0.97 and a beta of -0.09.

About ZTO Express (Cayman)

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.