ZTO Express (Cayman) Inc. (NYSE:ZTO) Shares Purchased by Todd Asset Management LLC

Todd Asset Management LLC lifted its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 36.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,345,583 shares of the transportation company’s stock after purchasing an additional 359,578 shares during the quarter. Todd Asset Management LLC’s holdings in ZTO Express (Cayman) were worth $26,306,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of ZTO Express (Cayman) during the 3rd quarter valued at $8,723,000. Fisher Asset Management LLC raised its position in shares of ZTO Express (Cayman) by 10.0% in the 3rd quarter. Fisher Asset Management LLC now owns 3,484,318 shares of the transportation company’s stock valued at $86,307,000 after purchasing an additional 317,450 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in ZTO Express (Cayman) by 112.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 187,114 shares of the transportation company’s stock worth $4,635,000 after acquiring an additional 98,877 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in ZTO Express (Cayman) in the third quarter worth about $12,407,000. Finally, Confluence Investment Management LLC increased its holdings in shares of ZTO Express (Cayman) by 14.8% in the 4th quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company’s stock valued at $201,000 after acquiring an additional 1,326 shares during the last quarter. Hedge funds and other institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Performance

NYSE:ZTO opened at $19.83 on Tuesday. The stock’s fifty day moving average price is $19.28 and its two-hundred day moving average price is $21.02. ZTO Express has a 52-week low of $17.89 and a 52-week high of $27.50. The company has a market cap of $11.98 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 1.03 and a beta of -0.16.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. HSBC downgraded shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating and cut their price objective for the company from $28.00 to $20.00 in a research report on Tuesday, January 21st. StockNews.com upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Hsbc Global Res cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. initiated coverage on shares of 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 given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.53.

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.