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

SG Americas Securities LLC grew its stake in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 2,787.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Confluence Investment Management LLC grew its holdings in shares of 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 buying an additional 1,326 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of ZTO Express (Cayman) in the third quarter valued at approximately $4,721,000. Stifel Financial Corp increased its position in ZTO Express (Cayman) by 8.5% during the 3rd quarter. Stifel Financial Corp now owns 36,952 shares of the transportation company’s stock worth $915,000 after buying an additional 2,888 shares during the period. Pinpoint Asset Management Ltd boosted its holdings in ZTO Express (Cayman) by 16.7% in the 3rd quarter. Pinpoint Asset Management Ltd now owns 105,162 shares of the transportation company’s stock valued at $2,605,000 after purchasing an additional 15,071 shares during the period. Finally, Point72 DIFC Ltd bought a new position in ZTO Express (Cayman) during the 3rd quarter worth $26,000. Institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Trading Up 1.1 %

Shares of ZTO Express (Cayman) stock opened at $18.67 on Friday. The stock has a fifty day simple moving average of $19.25 and a 200 day simple moving average of $21.03. ZTO Express has a 12-month low of $15.90 and a 12-month high of $27.50. The company has a market capitalization of $11.28 billion, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 0.94 and a beta of -0.15.

Analysts Set New Price Targets

ZTO has been the topic of several analyst reports. Hsbc Global Res lowered shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. HSBC lowered ZTO Express (Cayman) from a “buy” rating to a “hold” rating and reduced their price target for the company from $28.00 to $20.00 in a research report on Tuesday. StockNews.com upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. assumed coverage on shares of ZTO Express (Cayman) in a research report on Wednesday, October 30th. They set an “overweight” rating and a $30.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, ZTO Express (Cayman) presently has an average rating of “Moderate Buy” and a consensus price target 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.