ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Shares Sold by Yelin Lapidot Holdings Management Ltd.

Yelin Lapidot Holdings Management Ltd. trimmed its stake in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 10.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,247,963 shares of the company’s stock after selling 145,589 shares during the quarter. ZIM Integrated Shipping Services comprises approximately 4.7% of Yelin Lapidot Holdings Management Ltd.’s investment portfolio, making the stock its 4th biggest position. Yelin Lapidot Holdings Management Ltd. owned about 1.04% of ZIM Integrated Shipping Services worth $26,794,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in ZIM Integrated Shipping Services by 59.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company’s stock worth $46,482,000 after purchasing an additional 674,723 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of ZIM Integrated Shipping Services by 2,228.7% during the third quarter. International Assets Investment Management LLC now owns 402,862 shares of the company’s stock worth $10,337,000 after buying an additional 385,562 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of ZIM Integrated Shipping Services in the third quarter valued at about $2,612,000. Blueshift Asset Management LLC acquired a new position in shares of ZIM Integrated Shipping Services in the third quarter valued at about $620,000. Finally, Quantbot Technologies LP raised its stake in ZIM Integrated Shipping Services by 9,573.0% in the 3rd quarter. Quantbot Technologies LP now owns 370,477 shares of the company’s stock worth $9,506,000 after purchasing an additional 366,647 shares in the last quarter. 21.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ZIM has been the subject of several recent research reports. Jefferies Financial Group cut their price target on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating for the company in a research note on Tuesday, December 17th. Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Barclays reduced their price objective on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. Finally, Fearnley Fonds cut shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Five analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $15.04.

ZIM Integrated Shipping Services Stock Down 6.8 %

ZIM stock opened at $20.31 on Friday. The firm has a 50-day moving average price of $19.50 and a 200-day moving average price of $20.63. ZIM Integrated Shipping Services Ltd. has a 12 month low of $9.08 and a 12 month high of $30.15. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $2.45 billion, a P/E ratio of 1.70, a price-to-earnings-growth ratio of 0.27 and a beta of 1.74.

ZIM Integrated Shipping Services Profile

ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.