Advisors Preferred LLC Takes $649,000 Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Advisors Preferred LLC acquired a new stake in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 32,735 shares of the transportation company's stock, valued at approximately $649,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its position in ZTO Express (Cayman) by 6.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,212 shares of the transportation company's stock valued at $242,000 after buying an additional 730 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of ZTO Express (Cayman) by 31.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 577,800 shares of the transportation company's stock worth $11,464,000 after purchasing an additional 137,202 shares in the last quarter. UMB Bank n.a. grew its stake in shares of ZTO Express (Cayman) by 106.4% during the 1st quarter. UMB Bank n.a. now owns 1,288 shares of the transportation company's stock worth $26,000 after purchasing an additional 664 shares during the period. TB Alternative Assets Ltd. purchased a new position in shares of ZTO Express (Cayman) in the 1st quarter valued at about $1,640,000. Finally, LPL Financial LLC acquired a new stake in shares of ZTO Express (Cayman) in the fourth quarter valued at about $232,000. 41.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ZTO shares. Bank of America lowered shares of ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $24.00 to $19.00 in a research report on Thursday, May 22nd. Morgan Stanley set a $24.20 price objective on ZTO Express (Cayman) in a research note on Wednesday, July 2nd. Citigroup dropped their price objective on ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating for the company in a research note on Thursday, May 22nd. JPMorgan Chase & Co. raised ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $23.00 to $21.00 in a research note on Thursday, May 29th. Finally, Hsbc Global Res raised ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, ZTO Express (Cayman) has a consensus rating of "Moderate Buy" and a consensus price target of $21.76.

ZTO Express (Cayman) Stock Performance

ZTO stock traded up $0.07 during trading on Friday, hitting $20.31. The stock had a trading volume of 1,614,850 shares, compared to its average volume of 2,593,358. The company's 50 day moving average price is $17.86 and its two-hundred day moving average price is $18.73. ZTO Express has a 1-year low of $16.34 and a 1-year high of $27.50. The stock has a market cap of $12.15 billion, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 2.95 and a beta of -0.18.

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.