Infini Capital Management Ltd Makes New $1.98 Million Investment in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Infini Capital Management Ltd acquired a new stake in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 100,000 shares of the transportation company's stock, valued at approximately $1,980,000. ZTO Express (Cayman) comprises about 2.0% of Infini Capital Management Ltd's investment portfolio, making the stock its 8th biggest position.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. lifted its position 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 valued at $26,000 after acquiring an additional 664 shares during the period. First Horizon Advisors Inc. lifted its position in shares of ZTO Express (Cayman) by 70.8% during the 1st quarter. First Horizon Advisors Inc. now owns 2,132 shares of the transportation company's stock valued at $42,000 after acquiring an additional 884 shares during the period. U S Global Investors Inc. lifted its position in shares of ZTO Express (Cayman) by 47.0% during the 1st quarter. U S Global Investors Inc. now owns 10,101 shares of the transportation company's stock valued at $200,000 after acquiring an additional 3,229 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of ZTO Express (Cayman) during the 4th quarter valued at $231,000. Finally, LPL Financial LLC acquired a new position in shares of ZTO Express (Cayman) during the 4th quarter valued at $232,000. 41.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ZTO shares. Citigroup decreased their target price on shares of ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Wall Street Zen lowered ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Morgan Stanley set a $24.20 price objective on ZTO Express (Cayman) in a research note on Wednesday, July 2nd. Hsbc Global Res upgraded ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Finally, Bank of America lowered 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 analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $21.76.

ZTO Express (Cayman) Trading Up 8.9%

Shares of NYSE ZTO traded up $1.58 during mid-day trading on Thursday, hitting $19.28. The company had a trading volume of 3,757,744 shares, compared to its average volume of 2,723,613. The company has a market capitalization of $11.53 billion, a price-to-earnings ratio of 12.20, a P/E/G ratio of 2.71 and a beta of -0.18. ZTO Express has a 1 year low of $16.34 and a 1 year high of $27.50. The stock's 50-day moving average price is $17.82 and its 200-day moving average price is $18.77.

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.