Oppenheimer Asset Management Inc. Decreases Stake in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Oppenheimer Asset Management Inc. lessened its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 5.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 86,090 shares of the transportation company’s stock after selling 5,337 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in ZTO Express (Cayman) were worth $1,683,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ZTO. Hhlr Advisors LTD. increased its position in shares of ZTO Express (Cayman) by 8,172.7% in the third quarter. Hhlr Advisors LTD. now owns 3,003,008 shares of the transportation company’s stock worth $74,385,000 after acquiring an additional 2,966,708 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in ZTO Express (Cayman) during the 3rd quarter worth $29,350,000. Pzena Investment Management LLC increased its holdings in ZTO Express (Cayman) by 18.1% in the 3rd quarter. Pzena Investment Management LLC now owns 7,039,599 shares of the transportation company’s stock valued at $174,371,000 after purchasing an additional 1,079,327 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in ZTO Express (Cayman) in the third quarter valued at about $12,407,000. Finally, Todd Asset Management LLC lifted its stake in shares of ZTO Express (Cayman) by 36.5% during the fourth quarter. Todd Asset Management LLC now owns 1,345,583 shares of the transportation company’s stock worth $26,306,000 after purchasing an additional 359,578 shares in the last quarter. Hedge funds and other institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Performance

Shares of ZTO opened at $19.82 on Tuesday. ZTO Express has a one year low of $17.89 and a one year high of $27.50. The stock has a 50-day moving average price of $19.26 and a 200 day moving average price of $21.02. The company has a market capitalization of $11.98 billion, a P/E ratio of 13.67, a P/E/G ratio of 1.03 and a beta of -0.16.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ZTO shares. Hsbc Global Res lowered ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note 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. Finally, HSBC lowered shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating and dropped their price objective for the company from $28.00 to $20.00 in a research note on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.53.

ZTO Express (Cayman) Company 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.