ZTO Express (Cayman) Inc. $ZTO Shares Sold by Profund Advisors LLC

Profund Advisors LLC lowered its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 6.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,090 shares of the transportation company’s stock after selling 3,666 shares during the quarter. Profund Advisors LLC’s holdings in ZTO Express (Cayman) were worth $907,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ZTO. Deutsche Bank AG raised its stake in shares of ZTO Express (Cayman) by 100.9% during the 1st quarter. Deutsche Bank AG now owns 20,423 shares of the transportation company’s stock worth $405,000 after buying an additional 2,398,757 shares during the period. Canada Pension Plan Investment Board acquired a new stake in ZTO Express (Cayman) in the 1st quarter valued at $13,950,000. XY Capital Ltd increased its holdings in ZTO Express (Cayman) by 162.4% in the 1st quarter. XY Capital Ltd now owns 1,041,263 shares of the transportation company’s stock worth $20,659,000 after acquiring an additional 644,390 shares in the last quarter. Woodline Partners LP acquired a new position in ZTO Express (Cayman) during the first quarter worth $6,765,000. Finally, Hhlr Advisors LTD. raised its position in ZTO Express (Cayman) by 54.0% during the first quarter. Hhlr Advisors LTD. now owns 671,387 shares of the transportation company’s stock worth $13,320,000 after acquiring an additional 235,460 shares during the period. 41.65% of the stock is currently owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Price Performance

ZTO opened at $19.12 on Wednesday. The firm has a market capitalization of $11.44 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 7.39 and a beta of -0.20. The company’s 50 day simple moving average is $18.96 and its two-hundred day simple moving average is $18.68. ZTO Express has a 1-year low of $16.34 and a 1-year high of $22.01.

ZTO Express (Cayman) Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a yield of 312.0%. ZTO Express (Cayman)’s payout ratio is 39.19%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Zacks Research upgraded shares of ZTO Express (Cayman) from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ZTO Express (Cayman) in a research note on Wednesday, October 8th. Finally, Bank of America boosted their price objective on ZTO Express (Cayman) from $19.00 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, ZTO Express (Cayman) currently has a consensus rating of “Moderate Buy” and an average target price of $22.36.

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.