Pictet Asset Management Ltd. Has $9.60 Million Position in ZTO Express (Cayman) Inc (NYSE:ZTO)

Pictet Asset Management Ltd. lessened its position in ZTO Express (Cayman) Inc (NYSE:ZTO) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 450,000 shares of the transportation company’s stock after selling 15,400 shares during the period. Pictet Asset Management Ltd. owned 0.09% of ZTO Express (Cayman) worth $9,599,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ZTO. US Bancorp DE increased its holdings in ZTO Express (Cayman) by 137.8% in the 2nd quarter. US Bancorp DE now owns 1,712 shares of the transportation company’s stock worth $33,000 after purchasing an additional 992 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of ZTO Express (Cayman) in the second quarter valued at about $65,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of ZTO Express (Cayman) in the second quarter valued at about $71,000. Voya Financial Advisors Inc. increased its stake in shares of ZTO Express (Cayman) by 6.4% in the third quarter. Voya Financial Advisors Inc. now owns 11,032 shares of the transportation company’s stock valued at $227,000 after buying an additional 660 shares during the period. Finally, Vestmark Advisory Solutions Inc. increased its stake in shares of ZTO Express (Cayman) by 8.6% in the third quarter. Vestmark Advisory Solutions Inc. now owns 11,666 shares of the transportation company’s stock valued at $249,000 after buying an additional 919 shares during the period. 39.40% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently weighed in on ZTO. Zacks Investment Research raised ZTO Express (Cayman) from a “sell” rating to a “hold” rating and set a $23.00 price target for the company in a research note on Friday, September 20th. ValuEngine cut ZTO Express (Cayman) from a “hold” rating to a “sell” rating in a research note on Monday, November 4th.

Shares of ZTO stock opened at $20.91 on Tuesday. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of 27.16 and a beta of 0.77. The stock has a 50-day moving average of $21.58 and a 200-day moving average of $20.09. The company has a current ratio of 3.56, a quick ratio of 3.55 and a debt-to-equity ratio of 0.01. ZTO Express has a 1-year low of $15.30 and a 1-year high of $23.12.

ZTO Express (Cayman) 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.

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

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