Legacy Wealth Asset Management LLC Trims Stake in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Legacy Wealth Asset Management LLC cut its stake in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 26.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,955 shares of the transportation company’s stock after selling 7,464 shares during the period. Legacy Wealth Asset Management LLC’s holdings in ZTO Express (Cayman) were worth $410,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cerity Partners LLC raised its position in shares of ZTO Express (Cayman) by 3.7% in the 3rd quarter. Cerity Partners LLC now owns 18,913 shares of the transportation company’s stock worth $468,000 after acquiring an additional 674 shares in the last quarter. Van ECK Associates Corp raised its holdings 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 purchasing an additional 690 shares in the last quarter. Point72 DIFC Ltd purchased a new position in ZTO Express (Cayman) during the third quarter valued at $26,000. Financial Counselors Inc. boosted its holdings 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 valued at $266,000 after buying an additional 1,069 shares in the last quarter. Finally, Pitcairn Co. grew its position in shares of ZTO Express (Cayman) by 4.8% in the 3rd quarter. Pitcairn Co. now owns 26,520 shares of the transportation company’s stock worth $657,000 after buying an additional 1,211 shares during the period. 41.65% of the stock is currently owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Price Performance

Shares of ZTO stock opened at $19.04 on Friday. The company has a market cap of $11.50 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 0.90 and a beta of -0.15. ZTO Express has a 1 year low of $15.90 and a 1 year high of $27.50. The firm has a fifty day moving average price of $19.42 and a 200-day moving average price of $21.08.

Analyst Upgrades and Downgrades

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

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.