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

Advisors Preferred LLC bought a new position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 32,735 shares of the transportation company's stock, valued at approximately $649,000.

Several other institutional investors have also recently bought and sold shares of the business. UMB Bank n.a. grew its holdings in shares of ZTO Express (Cayman) by 106.4% during the first 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 last quarter. First Horizon Advisors Inc. grew its holdings in shares of ZTO Express (Cayman) by 70.8% during the first quarter. First Horizon Advisors Inc. now owns 2,132 shares of the transportation company's stock worth $42,000 after purchasing an additional 884 shares during the last quarter. U S Global Investors Inc. grew its holdings in shares of ZTO Express (Cayman) by 47.0% during the first quarter. U S Global Investors Inc. now owns 10,101 shares of the transportation company's stock worth $200,000 after purchasing an additional 3,229 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of ZTO Express (Cayman) during the fourth quarter worth about $231,000. Finally, LPL Financial LLC bought a new stake in shares of ZTO Express (Cayman) during the fourth quarter worth about $232,000. Institutional investors and hedge funds own 41.65% of the company's stock.

ZTO Express (Cayman) Stock Performance

NYSE:ZTO traded up $0.07 during trading on Friday, reaching $20.31. The company's stock had a trading volume of 1,614,850 shares, compared to its average volume of 1,756,023. The firm has a market cap of $12.15 billion, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 3.07 and a beta of -0.18. The firm has a 50 day moving average of $17.89 and a 200-day moving average of $18.74. ZTO Express has a 12 month low of $16.34 and a 12 month high of $27.50.

Analyst Upgrades and Downgrades

ZTO has been the topic of several analyst reports. Hsbc Global Res upgraded ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. JPMorgan Chase & Co. upgraded ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and reduced their target price for the company from $23.00 to $21.00 in a report on Thursday, May 29th. Bank of America cut ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and reduced their target price for the company from $24.00 to $19.00 in a report on Thursday, May 22nd. Wall Street Zen cut ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Morgan Stanley set a $24.20 target price on ZTO Express (Cayman) in a report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $21.76.

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.