Myriad Asset Management Ltd. Has $2.46 Million Stake in ZTO Express (Cayman) Inc (ZTO)

Myriad Asset Management Ltd. lessened its holdings in shares of ZTO Express (Cayman) Inc (NYSE:ZTO) by 90.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 175,000 shares of the transportation company’s stock after selling 1,750,300 shares during the quarter. Myriad Asset Management Ltd.’s holdings in ZTO Express (Cayman) were worth $2,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Stifel Financial Corp purchased a new position in shares of ZTO Express (Cayman) during the 3rd quarter worth $362,000. NINE MASTS CAPITAL Ltd purchased a new position in shares of ZTO Express (Cayman) during the 3rd quarter worth $6,112,000. BB&T Securities LLC purchased a new position in shares of ZTO Express (Cayman) during the 3rd quarter worth $356,000. Schwab Charles Investment Management Inc. purchased a new position in shares of ZTO Express (Cayman) during the 3rd quarter worth $1,071,000. Finally, Green Court Capital Management Ltd boosted its stake in shares of ZTO Express (Cayman) by 28.5% during the 3rd quarter. Green Court Capital Management Ltd now owns 7,529,806 shares of the transportation company’s stock worth $105,143,000 after acquiring an additional 1,670,300 shares during the last quarter. Institutional investors and hedge funds own 23.67% of the company’s stock.

ZTO Express (NYSE ZTO) traded up $0.16 on Thursday, hitting $15.77. 3,922,500 shares of the company were exchanged, compared to its average volume of 2,465,676. ZTO Express has a 52 week low of $11.14 and a 52 week high of $18.08. The stock has a market cap of $8,200.03, a PE ratio of 28.38 and a beta of 0.10.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of ZTO Express (Cayman) from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Daiwa Capital Markets initiated coverage on shares of ZTO Express (Cayman) in a research note on Thursday, November 2nd. They set a “buy” rating and a $18.50 target price on the stock. UBS cut shares of ZTO Express (Cayman) from a “buy” rating to a “neutral” rating in a research note on Friday, November 24th. Finally, Macquarie initiated coverage on shares of ZTO Express (Cayman) in a research note on Tuesday, September 19th. They set an “outperform” rating and a $17.30 target price on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $16.08.

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ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc is an express delivery company in China. The Company provides express delivery service through its nationwide network, as well as other value-added logistics services. The Company provides its services for a range of online merchants and consumers transacting on the Chinese e-commerce platforms, such as Alibaba and JD.com.

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

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