Fisher Asset Management LLC Sells 51,492 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

Fisher Asset Management LLC lessened its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 1.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,432,826 shares of the transportation company’s stock after selling 51,492 shares during the period. Fisher Asset Management LLC’s holdings in ZTO Express (Cayman) were worth $67,112,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of ZTO Express (Cayman) in the third quarter valued at about $8,723,000. Charles Schwab Investment Management Inc. lifted its position in shares of ZTO Express (Cayman) by 112.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 187,114 shares of the transportation company’s stock valued at $4,635,000 after acquiring an additional 98,877 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of ZTO Express (Cayman) in the third quarter valued at about $12,407,000. Confluence Investment Management LLC lifted its position in shares of ZTO Express (Cayman) by 14.8% in the fourth quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company’s stock valued at $201,000 after acquiring an additional 1,326 shares in the last quarter. Finally, ABC Arbitrage SA purchased a new position in shares of ZTO Express (Cayman) in the fourth quarter valued at about $316,000. 41.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ZTO shares. StockNews.com upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. HSBC downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating and lowered their price objective for the company 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 note on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.53.

ZTO Express (Cayman) Price Performance

NYSE ZTO opened at $19.39 on Friday. The stock has a market capitalization of $11.71 billion, a PE ratio of 13.37, a P/E/G ratio of 1.03 and a beta of -0.16. The business has a 50 day simple moving average of $19.26 and a two-hundred day simple moving average of $21.00. ZTO Express has a 1-year low of $17.89 and a 1-year high of $27.50.

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.