Icon Advisers Inc. Co. Sells 65,000 Shares of ZTO Express (Cayman) Inc. $ZTO

Key Points

• Icon Advisers trimmed its stake in ZTO by 24.5% in Q3, selling 65,000 shares and ending the period with 200,000 shares worth about $3.84 million per its Form 13F filing.
• Other institutions made sizable moves: Crossmark Global ramped its holding to 612,738 shares (up 589,817), and the Teachers Retirement System of Kentucky added 68,800 shares to reach 895,650; institutional ownership is 41.65%.
• Analysts are mixed but the consensus is a “Moderate Buy” with a $22.36 target; ZTO trades around $22.76, has a $13.42 billion market cap and a P/E of 15.07.

Icon Advisers Inc. Co. trimmed its stake in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 24.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 200,000 shares of the transportation company's stock after selling 65,000 shares during the period. Icon Advisers Inc. Co.'s holdings in ZTO Express (Cayman) were worth $3,840,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Crossmark Global Holdings Inc. lifted its holdings in ZTO Express (Cayman) by 2,573.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 612,738 shares of the transportation company's stock worth $11,765,000 after buying an additional 589,817 shares during the period. Orion Porfolio Solutions LLC grew its position in shares of ZTO Express (Cayman) by 7.8% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 14,617 shares of the transportation company's stock valued at $281,000 after buying an additional 1,053 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of ZTO Express (Cayman) by 8.3% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 895,650 shares of the transportation company's stock valued at $17,196,000 after buying an additional 68,800 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of ZTO Express (Cayman) in the third quarter valued at about $414,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of ZTO Express (Cayman) by 51.1% during the third quarter. EverSource Wealth Advisors LLC now owns 5,272 shares of the transportation company's stock worth $101,000 after acquiring an additional 1,783 shares during the last quarter. 41.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on ZTO shares. Wall Street Zen lowered ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a research note on Saturday, February 21st. Macquarie Infrastructure raised shares of ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 8th. Weiss Ratings restated a "hold (c)" rating on shares of ZTO Express (Cayman) in a report on Monday, December 29th. Finally, Zacks Research downgraded shares of ZTO Express (Cayman) from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $22.36.

ZTO Express (Cayman) Trading Up 1.6%

Shares of ZTO Express (Cayman) stock opened at $22.76 on Friday. The business has a 50-day moving average price of $22.97 and a two-hundred day moving average price of $20.70. ZTO Express has a 1-year low of $16.34 and a 1-year high of $25.52. The company has a market cap of $13.42 billion, a P/E ratio of 15.07, a PEG ratio of 4.06 and a beta of -0.20.

ZTO Express (Cayman) Profile

ZTO Express (Cayman) Inc is one of China's leading express delivery companies, specializing in both domestic and cross-border parcel logistics. The company operates a technology-enabled network that connects shippers, independent pickup and delivery stations, regional sorting hubs and end customers. ZTO's service portfolio includes standard express, heavy-weight parcel delivery, time-definite shipments and e-commerce logistics solutions tailored for online retailers and marketplaces.

Founded in 2002 and headquartered in Shanghai, ZTO has grown rapidly by leveraging a franchise-style operating model that engages a broad network of independent contractors.

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