ZTO Express (Cayman) Inc. $ZTO Stock Position Reduced by Erste Asset Management GmbH

Erste Asset Management GmbH trimmed its position in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 80.7% in the third quarter, Holdings Channel.com reports. The fund owned 214,876 shares of the transportation company’s stock after selling 900,000 shares during the period. Erste Asset Management GmbH’s holdings in ZTO Express (Cayman) were worth $4,155,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ZTO. Royal Bank of Canada lifted its stake in ZTO Express (Cayman) by 22.9% during the first quarter. Royal Bank of Canada now owns 175,128 shares of the transportation company’s stock worth $3,475,000 after purchasing an additional 32,663 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of ZTO Express (Cayman) during the first quarter worth $421,000. Hantz Financial Services Inc. raised its holdings in shares of ZTO Express (Cayman) by 986.2% during the second quarter. Hantz Financial Services Inc. now owns 3,856 shares of the transportation company’s stock worth $68,000 after purchasing an additional 3,501 shares during the period. Bank of Montreal Can lifted its position in shares of ZTO Express (Cayman) by 1.0% in the 2nd quarter. Bank of Montreal Can now owns 84,694 shares of the transportation company’s stock worth $1,503,000 after buying an additional 812 shares during the last quarter. Finally, Savant Capital LLC boosted its holdings in shares of ZTO Express (Cayman) by 11.5% in the 2nd quarter. Savant Capital LLC now owns 12,242 shares of the transportation company’s stock valued at $217,000 after buying an additional 1,260 shares during the period. 41.65% of the stock is owned by institutional investors and hedge funds.

ZTO Express (Cayman) Trading Up 1.1%

ZTO stock opened at $24.40 on Friday. The firm’s 50-day moving average is $22.79 and its two-hundred day moving average is $20.60. The company has a market capitalization of $14.38 billion, a price-to-earnings ratio of 16.16, a price-to-earnings-growth ratio of 4.41 and a beta of -0.18. ZTO Express has a 52 week low of $16.34 and a 52 week high of $25.52.

Analyst Ratings Changes

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

About ZTO Express (Cayman)

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.