Confluence Investment Management LLC Boosts Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Confluence Investment Management LLC increased its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 14.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,282 shares of the transportation company’s stock after buying an additional 1,326 shares during the period. Confluence Investment Management LLC’s holdings in ZTO Express (Cayman) were worth $201,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Point72 DIFC Ltd acquired a new position in shares of ZTO Express (Cayman) during the third quarter worth about $26,000. Van ECK Associates Corp lifted its stake in ZTO Express (Cayman) by 60.8% in the third quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock worth $46,000 after acquiring an additional 690 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in ZTO Express (Cayman) during the 3rd quarter worth approximately $46,000. Blue Trust Inc. increased its position in shares of ZTO Express (Cayman) by 210.0% in the 3rd quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 1,560 shares during the last quarter. Finally, Caprock Group LLC acquired a new stake in shares of ZTO Express (Cayman) in the 3rd quarter valued at $230,000. 41.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. StockNews.com upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Wednesday, December 25th. JPMorgan Chase & Co. initiated coverage on ZTO Express (Cayman) in a research report on Wednesday, October 30th. They set an “overweight” rating and a $30.00 price objective for the company. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, ZTO Express (Cayman) has an average rating of “Moderate Buy” and a consensus target price of $27.03.

ZTO Express (Cayman) Trading Up 1.3 %

Shares of ZTO Express (Cayman) stock opened at $19.28 on Friday. The company has a fifty day simple moving average of $20.30 and a 200-day simple moving average of $21.26. The stock has a market cap of $11.65 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 0.98 and a beta of -0.13. ZTO Express has a 12-month low of $15.90 and a 12-month high of $27.50.

About ZTO Express (Cayman)

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.