SG Americas Securities LLC Has $5.78 Million Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

SG Americas Securities LLC lifted its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 2,787.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 295,725 shares of the transportation company's stock after acquiring an additional 285,484 shares during the quarter. SG Americas Securities LLC's holdings in ZTO Express (Cayman) were worth $5,781,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Point72 DIFC Ltd acquired a new position in ZTO Express (Cayman) during the 3rd quarter worth $26,000. Van ECK Associates Corp increased its stake in shares of ZTO Express (Cayman) by 60.8% in the third quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company's stock worth $46,000 after purchasing an additional 690 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of ZTO Express (Cayman) during the 3rd quarter worth about $46,000. Blue Trust Inc. boosted its stake in ZTO Express (Cayman) by 210.0% during the 3rd quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company's stock valued at $57,000 after purchasing an additional 1,560 shares during the period. Finally, Confluence Investment Management LLC grew 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 buying an additional 1,326 shares during the last quarter. Institutional investors and hedge funds own 41.65% of the company's stock.

ZTO Express (Cayman) Trading Up 1.1 %

ZTO stock traded up $0.21 during midday trading on Friday, hitting $18.67. The stock had a trading volume of 8,662,515 shares, compared to its average volume of 1,813,563. ZTO Express has a 52 week low of $15.90 and a 52 week high of $27.50. The stock has a 50-day simple moving average of $19.21 and a 200 day simple moving average of $21.02. The firm has a market capitalization of $11.28 billion, a price-to-earnings ratio of 12.87, a P/E/G ratio of 0.94 and a beta of -0.15.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ZTO. StockNews.com upgraded ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. initiated coverage on shares of ZTO Express (Cayman) in a research note on Wednesday, October 30th. They set an "overweight" rating and a $30.00 target price for the company. Hsbc Global Res lowered shares of ZTO Express (Cayman) from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Finally, HSBC downgraded shares of ZTO Express (Cayman) from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $28.00 to $20.00 in a report on Tuesday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average 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.