ZTO Express (Cayman) Inc. (NYSE:ZTO) Stake Lowered by Mendota Financial Group LLC

Mendota Financial Group LLC cut its stake in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 35.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,238 shares of the transportation company’s stock after selling 2,819 shares during the quarter. Mendota Financial Group LLC’s holdings in ZTO Express (Cayman) were worth $102,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in ZTO Express (Cayman) in the third quarter valued at about $8,723,000. Fisher Asset Management LLC lifted its holdings in shares of ZTO Express (Cayman) by 10.0% during the 3rd 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. Renaissance Technologies LLC grew its stake in shares of ZTO Express (Cayman) by 60.9% in the 2nd quarter. Renaissance Technologies LLC now owns 167,300 shares of the transportation company’s stock valued at $3,471,000 after buying an additional 63,300 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in ZTO Express (Cayman) by 17.7% in the second quarter. Public Sector Pension Investment Board now owns 144,347 shares of the transportation company’s stock worth $2,995,000 after buying an additional 21,750 shares during the last quarter. Finally, Scientech Research LLC acquired a new position in ZTO Express (Cayman) in the second quarter worth approximately $927,000. 41.65% of the stock is currently owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Stock Up 1.0 %

Shares of NYSE ZTO opened at $18.11 on Tuesday. ZTO Express has a 12 month low of $15.90 and a 12 month high of $27.50. The company has a market cap of $10.94 billion, a P/E ratio of 12.49, a P/E/G ratio of 0.98 and a beta of -0.15. The business’s 50 day moving average is $19.73 and its two-hundred day moving average is $21.14.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ZTO shares. JPMorgan Chase & Co. initiated coverage on shares of ZTO Express (Cayman) in a research note on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 target price for the company. StockNews.com raised ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, ZTO Express (Cayman) currently 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.