ZTO Express (Cayman) Inc. (NYSE:ZTO) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its position in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 29.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,188 shares of the transportation company’s stock after selling 6,243 shares during the quarter. Rhumbline Advisers’ holdings in ZTO Express (Cayman) were worth $297,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ZTO. Pzena Investment Management LLC raised its holdings in shares of ZTO Express (Cayman) by 18.1% in the third quarter. Pzena Investment Management LLC now owns 7,039,599 shares of the transportation company’s stock worth $174,371,000 after acquiring an additional 1,079,327 shares during the last quarter. Fisher Asset Management LLC grew its holdings in 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. Hhlr Advisors LTD. grew its stake in shares of ZTO Express (Cayman) by 8,172.7% during the 3rd quarter. Hhlr Advisors LTD. now owns 3,003,008 shares of the transportation company’s stock valued at $74,385,000 after buying an additional 2,966,708 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in ZTO Express (Cayman) during the third quarter worth about $29,350,000. Finally, Point72 Asset Management L.P. purchased a new position in ZTO Express (Cayman) in the third quarter valued at approximately $12,407,000. 41.65% of the stock is currently owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Stock Down 1.8 %

Shares of NYSE:ZTO opened at $20.13 on Monday. ZTO Express has a fifty-two week low of $17.89 and a fifty-two week high of $27.50. The company has a market cap of $12.16 billion, a PE ratio of 13.88, a P/E/G ratio of 1.03 and a beta of -0.13. The company’s 50-day moving average price is $19.31 and its 200 day moving average price is $21.02.

Wall Street Analyst Weigh In

Several research firms have commented on ZTO. StockNews.com raised ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. HSBC lowered shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $28.00 to $20.00 in a report on Tuesday, January 21st. Finally, Hsbc Global Res downgraded ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.53.

About ZTO Express (Cayman)

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.