Vontobel Asset Management Inc. lowered its position in ZTO Express (Cayman) Inc (NYSE:ZTO) by 13.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 278,627 shares of the transportation company’s stock after selling 44,335 shares during the quarter. Vontobel Asset Management Inc. owned approximately 0.05% of ZTO Express (Cayman) worth $5,575,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Point72 Asset Management L.P. purchased a new position in ZTO Express (Cayman) in the 1st quarter worth $117,000. Commonwealth Equity Services LLC purchased a new position in shares of ZTO Express (Cayman) during the 2nd quarter valued at about $205,000. Elite Wealth Management Inc. purchased a new position in shares of ZTO Express (Cayman) during the 2nd quarter valued at about $236,000. Crossmark Global Holdings Inc. purchased a new position in shares of ZTO Express (Cayman) during the 2nd quarter valued at about $248,000. Finally, Nomura Asset Management Co. Ltd. purchased a new position in shares of ZTO Express (Cayman) during the 1st quarter valued at about $223,000. 30.29% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:ZTO traded down $0.15 during trading on Friday, reaching $17.76. 1,632,456 shares of the company’s stock traded hands, compared to its average volume of 2,355,118. ZTO Express has a fifty-two week low of $13.45 and a fifty-two week high of $22.67. The stock has a market capitalization of $8.79 billion, a PE ratio of 22.79 and a beta of 0.16.

ZTO Express (Cayman) (NYSE:ZTO) last posted its quarterly earnings data on Wednesday, August 8th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). ZTO Express (Cayman) had a return on equity of 15.45% and a net margin of 26.08%. The firm had revenue of $634.41 million during the quarter. equities research analysts expect that ZTO Express will post 0.77 earnings per share for the current year.

A number of equities analysts have weighed in on ZTO shares. Zacks Investment Research upgraded ZTO Express (Cayman) from a “sell” rating to a “hold” rating in a research note on Thursday, August 9th. JPMorgan Chase & Co. lifted their price objective on ZTO Express (Cayman) from $20.00 to $23.50 and gave the company an “overweight” rating in a research note on Thursday, June 7th. Finally, ValuEngine upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Tuesday, June 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $20.20.

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. The company offers delivery services for e-commerce and traditional merchants, and other express service users. As of December 31, 2017, it operated a fleet of approximately 3,600 self-owned trucks.

Read More: Diversification

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

Receive News & Ratings for ZTO Express (Cayman) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZTO Express (Cayman) and related companies with MarketBeat.com's FREE daily email newsletter.