ABC Arbitrage SA Purchases Shares of 16,150 ZTO Express (Cayman) Inc. (NYSE:ZTO)

ABC Arbitrage SA bought a new position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,150 shares of the transportation company's stock, valued at approximately $316,000.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its stake in ZTO Express (Cayman) by 119.8% during the 4th quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company's stock worth $99,000 after buying an additional 2,758 shares in the last quarter. Lester Murray Antman dba SimplyRich increased its position in shares of ZTO Express (Cayman) by 13.0% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 11,518 shares of the transportation company's stock worth $225,000 after purchasing an additional 1,325 shares in the last quarter. XY Capital Ltd raised its stake in ZTO Express (Cayman) by 208.9% in the 4th quarter. XY Capital Ltd now owns 396,873 shares of the transportation company's stock valued at $7,759,000 after purchasing an additional 268,387 shares during the last quarter. SG Americas Securities LLC lifted its holdings in ZTO Express (Cayman) by 2,787.7% in the 4th quarter. SG Americas Securities LLC now owns 295,725 shares of the transportation company's stock valued at $5,781,000 after purchasing an additional 285,484 shares in the last quarter. Finally, Confluence Investment Management LLC lifted its holdings in ZTO Express (Cayman) by 14.8% in the 4th quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company's stock valued at $201,000 after purchasing an additional 1,326 shares in the last quarter. Institutional investors and hedge funds own 41.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Hsbc Global Res cut shares of ZTO Express (Cayman) from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 21st. HSBC cut ZTO Express (Cayman) from a "buy" rating to a "hold" rating and lowered their target price for the stock from $28.00 to $20.00 in a report on Tuesday, January 21st. StockNews.com upgraded ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. initiated coverage on ZTO Express (Cayman) in a report on Wednesday, October 30th. They issued an "overweight" rating and a $30.00 target price for the company. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $24.53.

ZTO Express (Cayman) Stock Performance

Shares of NYSE ZTO traded up $0.19 during midday trading on Wednesday, reaching $19.97. 2,291,348 shares of the stock were exchanged, compared to its average volume of 2,440,495. ZTO Express has a twelve month low of $17.89 and a twelve month high of $27.50. The stock has a market capitalization of $12.07 billion, a P/E ratio of 13.77, a PEG ratio of 1.01 and a beta of -0.16. The company has a 50 day simple moving average of $19.18 and a 200 day simple moving average of $21.00.

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.