Jump Financial LLC Lowers Position in ZTO Express (Cayman) Inc. $ZTO

Key Points

• Jump Financial LLC significantly reduced its stake in ZTO Express (Cayman) Inc. by 71.1%, owning 29,626 shares valued at approximately $588,000 after selling 72,764 shares in the first quarter.
• Multiple institutional investors have made changes to their positions in ZTO, including UMB Bank's 106.4% increase in their stake, highlighting ongoing interest in the stock.
• ZTO Express has experienced a stock rating shift with Morgan Stanley setting a target price of $24.20, while other firms have adjusted prices and ratings, indicating varying analyst sentiments regarding its future performance.

Jump Financial LLC decreased its stake in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 71.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,626 shares of the transportation company's stock after selling 72,764 shares during the period. Jump Financial LLC's holdings in ZTO Express (Cayman) were worth $588,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ZTO. UMB Bank n.a. increased its stake in shares of ZTO Express (Cayman) by 106.4% in the first quarter. UMB Bank n.a. now owns 1,288 shares of the transportation company's stock valued at $26,000 after buying an additional 664 shares during the period. First Horizon Advisors Inc. increased its stake in shares of ZTO Express (Cayman) by 70.8% in the first quarter. First Horizon Advisors Inc. now owns 2,132 shares of the transportation company's stock valued at $42,000 after buying an additional 884 shares during the period. Brooklyn Investment Group increased its stake in shares of ZTO Express (Cayman) by 443,600.0% in the first quarter. Brooklyn Investment Group now owns 4,437 shares of the transportation company's stock valued at $88,000 after buying an additional 4,436 shares during the period. U S Global Investors Inc. increased its stake in shares of ZTO Express (Cayman) by 47.0% in the first quarter. U S Global Investors Inc. now owns 10,101 shares of the transportation company's stock valued at $200,000 after buying an additional 3,229 shares during the period. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of ZTO Express (Cayman) in the fourth quarter valued at about $231,000. Institutional investors and hedge funds own 41.65% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Morgan Stanley set a $24.20 target price on ZTO Express (Cayman) in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. upgraded ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and cut their target price for the company from $23.00 to $21.00 in a research report on Thursday, May 29th. Citigroup cut their target price on ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating on the stock 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 research report on Saturday, May 24th. Finally, Bank of America upped their target price on ZTO Express (Cayman) from $19.00 to $22.00 and gave the company a "neutral" rating in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $22.36.

ZTO Express (Cayman) Stock Up 0.4%

NYSE:ZTO traded up $0.08 on Friday, hitting $18.27. The stock had a trading volume of 721,011 shares, compared to its average volume of 2,504,624. The business's fifty day moving average is $19.09 and its 200 day moving average is $18.84. The company has a market cap of $10.93 billion, a PE ratio of 12.35, a P/E/G ratio of 11.95 and a beta of -0.15. ZTO Express has a 52 week low of $16.34 and a 52 week high of $27.50.

ZTO Express (Cayman) Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a dividend yield of 330.0%. ZTO Express (Cayman)'s dividend payout ratio is 45.95%.

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.