Erste Asset Management GmbH Buys 30,000 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

Erste Asset Management GmbH boosted its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 16.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 214,876 shares of the transportation company’s stock after acquiring an additional 30,000 shares during the quarter. Erste Asset Management GmbH’s holdings in ZTO Express (Cayman) were worth $4,265,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Point72 DIFC Ltd bought a new stake in ZTO Express (Cayman) during the 3rd quarter worth about $26,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of ZTO Express (Cayman) in the 3rd quarter valued at about $46,000. Blue Trust Inc. boosted its stake in shares of ZTO Express (Cayman) by 119.8% in the 4th quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company’s stock valued at $99,000 after purchasing an additional 2,758 shares during the last quarter. Caprock Group LLC bought a new position in shares of ZTO Express (Cayman) in the 3rd quarter valued at about $230,000. Finally, Central Asset Investments & Management Holdings HK Ltd bought a new position in shares of ZTO Express (Cayman) in the 3rd quarter valued at about $248,000. Institutional investors own 41.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. HSBC lowered shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating and reduced their target price for the company from $28.00 to $20.00 in a research note on Tuesday, January 21st. StockNews.com raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Finally, Hsbc Global Res lowered shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $24.53.

ZTO Express (Cayman) Price Performance

Shares of NYSE:ZTO opened at $19.99 on Friday. The company has a market capitalization of $12.08 billion, a price-to-earnings ratio of 13.78, a P/E/G ratio of 1.03 and a beta of -0.13. The firm’s 50 day simple moving average is $19.34 and its 200 day simple moving average is $20.98. ZTO Express has a fifty-two week low of $17.89 and a fifty-two week high of $27.50.

ZTO Express (Cayman) 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.