Harel Insurance Investments & Financial Services Ltd. Has $129,000 Stock Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Harel Insurance Investments & Financial Services Ltd. decreased its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 20.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,576 shares of the transportation company’s stock after selling 1,739 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in ZTO Express (Cayman) were worth $129,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. SG Americas Securities LLC increased its holdings in ZTO Express (Cayman) by 2,787.7% during the fourth quarter. SG Americas Securities LLC now owns 295,725 shares of the transportation company’s stock worth $5,781,000 after buying an additional 285,484 shares during the last quarter. Confluence Investment Management LLC grew its position 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 period. Public Employees Retirement System of Ohio acquired a new position in shares of ZTO Express (Cayman) during the 3rd quarter worth about $4,721,000. Stifel Financial Corp raised its holdings in shares of ZTO Express (Cayman) by 8.5% in the 3rd quarter. Stifel Financial Corp now owns 36,952 shares of the transportation company’s stock valued at $915,000 after purchasing an additional 2,888 shares during the period. Finally, Pinpoint Asset Management Ltd lifted its stake in ZTO Express (Cayman) by 16.7% in the 3rd quarter. Pinpoint Asset Management Ltd now owns 105,162 shares of the transportation company’s stock valued at $2,605,000 after purchasing an additional 15,071 shares during the last quarter. Institutional investors own 41.65% of the company’s stock.

Analysts Set New Price Targets

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

ZTO Express (Cayman) Price Performance

Shares of NYSE ZTO opened at $18.67 on Friday. The firm has a market cap of $11.28 billion, a price-to-earnings ratio of 12.87, a P/E/G ratio of 0.94 and a beta of -0.15. The stock’s fifty day moving average price is $19.21 and its two-hundred day moving average price is $21.02. ZTO Express has a one year low of $15.90 and a one year high of $27.50.

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.