Choreo LLC Cuts Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Choreo LLC decreased its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 6.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,709 shares of the transportation company’s stock after selling 2,176 shares during the quarter. Choreo LLC’s holdings in ZTO Express (Cayman) were worth $650,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Cerity Partners LLC increased its holdings in ZTO Express (Cayman) by 3.7% during the 3rd quarter. Cerity Partners LLC now owns 18,913 shares of the transportation company’s stock worth $468,000 after purchasing an additional 674 shares during the period. Van ECK Associates Corp boosted its position 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 acquiring an additional 690 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of ZTO Express (Cayman) during the 3rd quarter worth about $26,000. Financial Counselors Inc. boosted its position in shares of ZTO Express (Cayman) by 11.1% during the 3rd quarter. Financial Counselors Inc. now owns 10,726 shares of the transportation company’s stock worth $266,000 after acquiring an additional 1,069 shares in the last quarter. Finally, Pitcairn Co. boosted its position in shares of ZTO Express (Cayman) by 4.8% during the 3rd quarter. Pitcairn Co. now owns 26,520 shares of the transportation company’s stock worth $657,000 after acquiring an additional 1,211 shares in the last quarter. Hedge funds and other institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Up 2.2 %

Shares of NYSE ZTO opened at $19.64 on Tuesday. The stock has a market cap of $11.87 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 0.96 and a beta of -0.16. ZTO Express has a 52-week low of $17.15 and a 52-week high of $27.50. The business has a 50-day moving average price of $19.06 and a 200 day moving average price of $20.95.

Analyst Upgrades and Downgrades

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

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.