Icon Advisers Inc. Co. Has $3.84 Million Holdings in ZTO Express (Cayman) Inc. $ZTO

Icon Advisers Inc. Co. trimmed its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 24.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 200,000 shares of the transportation company’s stock after selling 65,000 shares during the period. Icon Advisers Inc. Co.’s holdings in ZTO Express (Cayman) were worth $3,840,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in shares of ZTO Express (Cayman) by 61.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 769 shares in the last quarter. First Horizon Corp bought a new position in ZTO Express (Cayman) during the third quarter worth $40,000. CWM LLC boosted its stake in ZTO Express (Cayman) by 42.2% during the third quarter. CWM LLC now owns 2,341 shares of the transportation company’s stock worth $45,000 after acquiring an additional 695 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in ZTO Express (Cayman) by 156.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,489 shares of the transportation company’s stock worth $62,000 after purchasing an additional 2,127 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in ZTO Express (Cayman) in the second quarter worth $190,000. Institutional investors and hedge funds own 41.65% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Macquarie Infrastructure upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 8th. Wall Street Zen downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ZTO Express (Cayman) in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.36.

ZTO Express (Cayman) Stock Up 1.6%

Shares of ZTO opened at $22.76 on Friday. The business’s fifty day moving average is $22.97 and its 200 day moving average is $20.70. ZTO Express has a 12-month low of $16.34 and a 12-month high of $25.52. The stock has a market cap of $13.42 billion, a P/E ratio of 15.07, a P/E/G ratio of 4.06 and a beta of -0.20.

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.