Legacy Wealth Asset Management LLC Trims Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Legacy Wealth Asset Management LLC lowered its position in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 26.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,955 shares of the transportation company’s stock after selling 7,464 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in ZTO Express (Cayman) were worth $410,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Point72 DIFC Ltd purchased a new position in shares of ZTO Express (Cayman) in the third quarter valued at about $26,000. Van ECK Associates Corp raised its stake in ZTO Express (Cayman) by 60.8% during the 3rd quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 690 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in ZTO Express (Cayman) in the 3rd quarter worth approximately $46,000. Blue Trust Inc. boosted its stake in ZTO Express (Cayman) by 210.0% in the 3rd quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company’s stock worth $57,000 after purchasing an additional 1,560 shares during the period. Finally, Confluence Investment Management LLC grew its holdings in ZTO Express (Cayman) by 14.8% during the 4th quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company’s stock valued at $201,000 after buying an additional 1,326 shares in the last quarter. Hedge funds and other institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Up 1.2 %

ZTO stock opened at $19.04 on Friday. The company has a fifty day simple moving average of $19.42 and a two-hundred day simple moving average of $21.08. ZTO Express has a 52 week low of $15.90 and a 52 week high of $27.50. The firm has a market capitalization of $11.50 billion, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 0.90 and a beta of -0.15.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ZTO shares. JPMorgan Chase & Co. initiated coverage on shares of ZTO Express (Cayman) in a research report on Wednesday, October 30th. They set an “overweight” rating and a $30.00 target price for the company. StockNews.com raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Tuesday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.03.

ZTO Express (Cayman) 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.