Jump Financial LLC Trims 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 holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 71.1% during the 1st quarter, according to its most recent 13F filing 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds 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 1st 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 period. Mirae Asset Global Investments Co. Ltd. increased its position in ZTO Express (Cayman) by 6.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,212 shares of the transportation company's stock worth $242,000 after purchasing an additional 730 shares during the period. First Horizon Advisors Inc. increased its position in 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 worth $42,000 after purchasing an additional 884 shares during the period. Aurora Investment Counsel boosted its stake in shares of ZTO Express (Cayman) by 1.0% during the 1st quarter. Aurora Investment Counsel now owns 138,210 shares of the transportation company's stock worth $2,742,000 after acquiring an additional 1,310 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of ZTO Express (Cayman) by 1.9% in the 1st quarter. Fifth Third Bancorp now owns 73,902 shares of the transportation company's stock worth $1,466,000 after acquiring an additional 1,384 shares during the period. Institutional investors and hedge funds own 41.65% of the company's stock.

Analysts Set New Price Targets

ZTO has been the topic of a number of research reports. JPMorgan Chase & Co. upgraded ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and lowered their price target for the stock from $23.00 to $21.00 in a report on Thursday, May 29th. Bank of America upped their price target on ZTO Express (Cayman) from $19.00 to $22.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Morgan Stanley set a $24.20 price target on ZTO Express (Cayman) in a report on Wednesday, July 2nd. Citigroup lowered their price target on ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Finally, Wall Street Zen cut ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, ZTO Express (Cayman) presently has a consensus rating of "Buy" and an average price target of $22.36.

ZTO Express (Cayman) Price Performance

NYSE:ZTO traded up $0.28 during trading hours on Thursday, reaching $18.30. 1,407,965 shares of the company traded hands, compared to its average volume of 2,509,343. The firm's 50-day moving average is $19.08 and its 200-day moving average is $18.85. The stock has a market cap of $10.95 billion, a P/E ratio of 12.36, a P/E/G ratio of 12.06 and a beta of -0.15. ZTO Express has a 1-year low of $16.34 and a 1-year high of $27.50.

ZTO Express (Cayman) Cuts Dividend

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

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.