ABC Arbitrage SA Makes New Investment in ZTO Express (Cayman) Inc. (NYSE:ZTO)

ABC Arbitrage SA bought a new position in ZTO Express (Cayman) Inc. (NYSE:ZTO) in the fourth quarter, Holdings Channel reports. The institutional investor bought 16,150 shares of the transportation company’s stock, valued at approximately $316,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ZTO. Point72 DIFC Ltd acquired a new stake in shares of ZTO Express (Cayman) in the 3rd quarter worth $26,000. Van ECK Associates Corp grew its holdings in shares of 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 worth $46,000 after purchasing an additional 690 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of ZTO Express (Cayman) during the 3rd quarter worth $46,000. Blue Trust Inc. grew its holdings in shares of ZTO Express (Cayman) by 210.0% during 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 shares of 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 worth $201,000 after purchasing an additional 1,326 shares during the period. 41.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ZTO has been the subject of a number of research analyst reports. Hsbc Global Res cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. initiated coverage on ZTO Express (Cayman) in a report on Wednesday, October 30th. They set an “overweight” rating and a $30.00 price target for the company. StockNews.com upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Finally, HSBC cut ZTO Express (Cayman) from a “buy” rating to a “hold” rating and lowered their target price for the company from $28.00 to $20.00 in a report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.53.

ZTO Express (Cayman) Price Performance

Shares of ZTO Express (Cayman) stock opened at $20.10 on Friday. The business has a 50-day moving average of $19.15 and a 200 day moving average of $20.95. ZTO Express has a 12 month low of $17.89 and a 12 month high of $27.50. The stock has a market capitalization of $12.14 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 0.96 and a beta of -0.16.

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. 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.