100,000 Shares in ZTO Express (Cayman) Inc. (NYSE:ZTO) Acquired by Infini Capital Management Ltd

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

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. UMB Bank n.a. increased its position in 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 acquiring an additional 664 shares during the period. First Horizon Advisors Inc. boosted its stake in 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 buying an additional 884 shares in the last quarter. U S Global Investors Inc. boosted its stake in 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 buying an additional 3,229 shares in the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in ZTO Express (Cayman) during the fourth quarter worth $231,000. Finally, LPL Financial LLC acquired a new stake in ZTO Express (Cayman) during the fourth quarter worth $232,000. Institutional investors own 41.65% of the company's stock.

ZTO Express (Cayman) Price Performance

NYSE:ZTO traded down $0.02 during trading hours on Tuesday, hitting $17.90. The company's stock had a trading volume of 2,009,157 shares, compared to its average volume of 2,721,803. The company has a market capitalization of $10.71 billion, a P/E ratio of 11.33, a PEG ratio of 2.71 and a beta of -0.18. ZTO Express has a twelve month low of $16.34 and a twelve month high of $27.50. The stock has a fifty day simple moving average of $17.85 and a 200-day simple moving average of $18.79.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Citigroup reduced their target price on shares of ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. Hsbc Global Res raised ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Bank of America cut ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and lowered their price target for the company from $24.00 to $19.00 in a research note on Thursday, May 22nd. Wall Street Zen downgraded ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, JPMorgan Chase & Co. raised ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and cut their price objective for the company from $23.00 to $21.00 in a report on Thursday, May 29th. 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 data from MarketBeat, ZTO Express (Cayman) has an average rating of "Moderate Buy" and a consensus price target of $21.76.

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.