Connor Clark & Lunn Investment Management Ltd. cut its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 9.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 560,158 shares of the transportation company's stock after selling 58,976 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.09% of ZTO Express (Cayman) worth $11,114,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of ZTO. LPL Financial LLC bought a new position in ZTO Express (Cayman) in the 4th quarter valued at $232,000. Cerity Partners LLC boosted its holdings in ZTO Express (Cayman) by 5.9% in the 4th quarter. Cerity Partners LLC now owns 20,035 shares of the transportation company's stock valued at $392,000 after purchasing an additional 1,122 shares during the period. Renaissance Technologies LLC boosted its holdings in ZTO Express (Cayman) by 47.8% in the 4th quarter. Renaissance Technologies LLC now owns 333,500 shares of the transportation company's stock valued at $6,520,000 after purchasing an additional 107,800 shares during the period. Icon Advisers Inc. Co. boosted its holdings in ZTO Express (Cayman) by 53.3% in the 4th quarter. Icon Advisers Inc. Co. now owns 345,000 shares of the transportation company's stock valued at $6,745,000 after purchasing an additional 120,000 shares during the period. Finally, XTX Topco Ltd bought a new position in ZTO Express (Cayman) in the 4th quarter valued at $479,000. 41.65% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research analysts have commented on the stock. Hsbc Global Res raised shares of ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Citigroup cut their price target on shares of ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating for the company in a report on Thursday, May 22nd. JPMorgan Chase & Co. upgraded shares of ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and lowered their price objective for the company from $23.00 to $21.00 in a research report on Thursday, May 29th. Morgan Stanley set a $24.20 price objective on shares of ZTO Express (Cayman) in a research report on Wednesday, July 2nd. Finally, HSBC upgraded shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 price objective on the stock in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.76.
Read Our Latest Report on ZTO
ZTO Express (Cayman) Trading Down 0.9%
Shares of ZTO Express (Cayman) stock traded down $0.18 on Tuesday, hitting $20.00. 1,118,408 shares of the company traded hands, compared to its average volume of 2,169,116. The company has a market cap of $11.97 billion, a P/E ratio of 12.66, a P/E/G ratio of 3.06 and a beta of -0.18. The firm's 50-day simple moving average is $18.54 and its 200 day simple moving average is $18.86. ZTO Express has a 12-month low of $16.34 and a 12-month high of $27.50.
ZTO Express (Cayman) Profile
(
Free Report)
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.
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