Pzena Investment Management LLC Increases Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Pzena Investment Management LLC increased its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 11.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,860,285 shares of the transportation company’s stock after acquiring an additional 820,686 shares during the quarter. Pzena Investment Management LLC owned approximately 1.30% of ZTO Express (Cayman) worth $153,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of ZTO. Van ECK Associates Corp grew its position in ZTO Express (Cayman) by 60.8% during the 3rd quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock worth $46,000 after acquiring an additional 690 shares during the last quarter. QRG Capital Management Inc. bought a new position in ZTO Express (Cayman) during the 3rd quarter worth approximately $393,000. Crossmark Global Holdings Inc. grew its position in ZTO Express (Cayman) by 23.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,363 shares of the transportation company’s stock worth $653,000 after acquiring an additional 4,943 shares during the last quarter. GSA Capital Partners LLP grew its position in ZTO Express (Cayman) by 148.7% during the 3rd quarter. GSA Capital Partners LLP now owns 27,745 shares of the transportation company’s stock worth $687,000 after acquiring an additional 16,588 shares during the last quarter. Finally, Central Asset Investments & Management Holdings HK Ltd bought a new position in ZTO Express (Cayman) during the 3rd quarter worth approximately $248,000. 41.65% of the stock is currently owned by institutional investors.

ZTO Express (Cayman) Stock Performance

Shares of ZTO stock opened at $20.02 on Tuesday. The firm has a market cap of $12.09 billion, a P/E ratio of 13.80, a P/E/G ratio of 1.03 and a beta of -0.13. ZTO Express has a fifty-two week low of $17.89 and a fifty-two week high of $27.50. The business’s 50 day moving average price is $19.33 and its 200-day moving average price is $21.02.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ZTO. StockNews.com upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. HSBC lowered ZTO Express (Cayman) from a “buy” rating to a “hold” rating and cut their price objective for the stock from $28.00 to $20.00 in a research report on Tuesday, January 21st. Finally, Hsbc Global Res lowered ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research 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. Based on data from MarketBeat, ZTO Express (Cayman) has a consensus rating of “Moderate Buy” and a consensus target price of $24.53.

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.