Greenwoods Asset Management Hong Kong Ltd. Has $129.36 Million Stake in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Greenwoods Asset Management Hong Kong Ltd. lifted its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 10.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,617,077 shares of the transportation company’s stock after acquiring an additional 633,604 shares during the period. ZTO Express (Cayman) makes up about 4.1% of Greenwoods Asset Management Hong Kong Ltd.’s investment portfolio, making the stock its 8th largest holding. Greenwoods Asset Management Hong Kong Ltd. owned about 1.10% of ZTO Express (Cayman) worth $129,364,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of ZTO Express (Cayman) in the third quarter valued at about $8,723,000. Fisher Asset Management LLC raised its position in shares of ZTO Express (Cayman) by 10.0% in the third quarter. Fisher Asset Management LLC now owns 3,484,318 shares of the transportation company’s stock valued at $86,307,000 after purchasing an additional 317,450 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of ZTO Express (Cayman) by 112.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 187,114 shares of the transportation company’s stock valued at $4,635,000 after purchasing an additional 98,877 shares during the period. Point72 Asset Management L.P. bought a new position in shares of ZTO Express (Cayman) in the third quarter valued at about $12,407,000. Finally, Confluence Investment Management LLC increased its position in ZTO Express (Cayman) by 14.8% during the fourth quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company’s stock worth $201,000 after acquiring an additional 1,326 shares during the period. Institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Price Performance

NYSE:ZTO opened at $20.51 on Friday. The firm’s 50 day simple moving average is $19.31 and its 200 day simple moving average is $21.02. ZTO Express has a one year low of $17.89 and a one year high of $27.50. The company has a market cap of $12.39 billion, a PE ratio of 14.14, a P/E/G ratio of 1.03 and a beta of -0.16.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ZTO shares. HSBC lowered shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating and lowered their price target for the stock from $28.00 to $20.00 in a research report on Tuesday, January 21st. StockNews.com raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report 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 report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, ZTO Express (Cayman) presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.53.

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.