Bridgewater Associates LP Cuts Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Bridgewater Associates LP trimmed its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 60.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 165,275 shares of the transportation company’s stock after selling 248,589 shares during the quarter. Bridgewater Associates LP’s holdings in ZTO Express (Cayman) were worth $4,094,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Cerity Partners LLC increased its position in shares of ZTO Express (Cayman) by 3.7% during the 3rd quarter. Cerity Partners LLC now owns 18,913 shares of the transportation company’s stock valued at $468,000 after purchasing an additional 674 shares during the last quarter. Van ECK Associates Corp raised its position in ZTO Express (Cayman) by 60.8% in the third quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock worth $46,000 after acquiring an additional 690 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in ZTO Express (Cayman) by 4.5% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,791 shares of the transportation company’s stock valued at $390,000 after acquiring an additional 816 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of ZTO Express (Cayman) by 0.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 162,992 shares of the transportation company’s stock valued at $3,389,000 after acquiring an additional 1,047 shares during the period. Finally, Pitcairn Co. increased its stake in shares of ZTO Express (Cayman) by 4.8% during the 3rd quarter. Pitcairn Co. now owns 26,520 shares of the transportation company’s stock worth $657,000 after purchasing an additional 1,211 shares during the last quarter. 41.65% of the stock is currently owned by institutional investors.

ZTO Express (Cayman) Price Performance

Shares of ZTO stock opened at $19.00 on Friday. ZTO Express has a 1 year low of $15.90 and a 1 year high of $27.50. The company’s fifty day simple moving average is $23.15 and its two-hundred day simple moving average is $21.98. The stock has a market capitalization of $11.48 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 0.98 and a beta of -0.09.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. StockNews.com raised ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. initiated coverage on ZTO Express (Cayman) in a report on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 price objective for the company. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.