Envestnet Asset Management Inc. Has $11.46 Million Stake in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Envestnet Asset Management Inc. lifted its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 31.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 577,800 shares of the transportation company's stock after purchasing an additional 137,202 shares during the period. Envestnet Asset Management Inc. owned approximately 0.10% of ZTO Express (Cayman) worth $11,464,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Marshall Wace LLP grew its holdings in ZTO Express (Cayman) by 831.6% during the 4th quarter. Marshall Wace LLP now owns 1,168,821 shares of the transportation company's stock worth $22,850,000 after acquiring an additional 1,043,359 shares in the last quarter. WFM ASIA BVI Ltd acquired a new position in shares of ZTO Express (Cayman) during the 4th quarter worth about $11,364,000. Voloridge Investment Management LLC acquired a new position in shares of ZTO Express (Cayman) during the 4th quarter worth about $10,802,000. Teachers Retirement System of The State of Kentucky boosted its position in shares of ZTO Express (Cayman) by 46.5% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 826,850 shares of the transportation company's stock worth $16,165,000 after acquiring an additional 262,280 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of ZTO Express (Cayman) during the 4th quarter worth about $3,230,000. Institutional investors and hedge funds own 41.65% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Hsbc Global Res upgraded shares of ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Citigroup cut their price target on shares of ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating for the company in a report on Thursday, May 22nd. Wall Street Zen downgraded shares of ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. HSBC upgraded shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 target price for the company in a report on Monday, April 14th. Finally, Bank of America downgraded shares of ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and dropped their target price for the company from $24.00 to $19.00 in a report on Thursday, May 22nd. Two research 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $21.76.

ZTO Express (Cayman) Stock Performance

NYSE ZTO traded down $0.06 during trading hours on Monday, hitting $18.93. 2,504,166 shares of the company's stock were exchanged, compared to its average volume of 2,719,537. The business's 50 day moving average is $17.78 and its 200-day moving average is $18.71. ZTO Express has a 12-month low of $16.34 and a 12-month high of $27.50. The firm has a market capitalization of $11.32 billion, a P/E ratio of 11.98, a price-to-earnings-growth ratio of 2.88 and a beta of -0.18.

ZTO Express (Cayman) Company 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.