Icon Advisers Inc. Co. Has $6.04 Million Stock Holdings in ZTO Express (Cayman) Inc. $ZTO

Icon Advisers Inc. Co. boosted its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTOFree Report) by 20.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 240,000 shares of the transportation company’s stock after acquiring an additional 40,000 shares during the quarter. ZTO Express (Cayman) accounts for about 1.4% of Icon Advisers Inc. Co.’s portfolio, making the stock its 15th largest position. Icon Advisers Inc. Co.’s holdings in ZTO Express (Cayman) were worth $6,041,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd acquired a new position in shares of ZTO Express (Cayman) during the fourth quarter worth $25,000. Leonteq Securities AG acquired a new stake in ZTO Express (Cayman) in the fourth quarter valued at $30,000. Atlas Capital Advisors Inc. acquired a new stake in ZTO Express (Cayman) in the fourth quarter valued at $35,000. Smartleaf Asset Management LLC increased its holdings in ZTO Express (Cayman) by 61.4% in the second quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 769 shares during the period. Finally, Assetmark Inc. raised its position in ZTO Express (Cayman) by 1,713.0% during the 4th quarter. Assetmark Inc. now owns 2,375 shares of the transportation company’s stock worth $50,000 after purchasing an additional 2,244 shares during the last quarter. 41.65% of the stock is currently owned by institutional investors and hedge funds.

ZTO Express (Cayman) Price Performance

Shares of NYSE ZTO opened at $24.13 on Thursday. ZTO Express has a twelve month low of $17.74 and a twelve month high of $26.20. The firm has a fifty day simple moving average of $22.92 and a 200 day simple moving average of $23.61. The company has a market capitalization of $13.60 billion, a PE ratio of 14.80, a P/E/G ratio of 0.91 and a beta of -0.22. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.16.

Analyst Upgrades and Downgrades

ZTO has been the topic of several recent research reports. Weiss Ratings downgraded ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Zacks Research raised ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. raised their price objective on ZTO Express (Cayman) from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, April 13th. Wall Street Zen raised ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $30.10 target price on shares of ZTO Express (Cayman) in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $27.03.

Check Out Our Latest Stock Analysis on ZTO Express (Cayman)

ZTO Express (Cayman) Profile

(Free Report)

ZTO Express (Cayman) Inc is one of China’s leading express delivery companies, specializing in both domestic and cross-border parcel logistics. The company operates a technology-enabled network that connects shippers, independent pickup and delivery stations, regional sorting hubs and end customers. ZTO’s service portfolio includes standard express, heavy-weight parcel delivery, time-definite shipments and e-commerce logistics solutions tailored for online retailers and marketplaces.

Founded in 2002 and headquartered in Shanghai, ZTO has grown rapidly by leveraging a franchise-style operating model that engages a broad network of independent contractors.

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Institutional Ownership by Quarter for ZTO Express (Cayman) (NYSE:ZTO)

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