National Bank of Canada FI Takes $1.99 Million Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

Key Points

• National Bank of Canada FI acquired a stake of $1.99 million in ZTO Express (Cayman) Inc., buying 100,500 shares during the first quarter.
• Several institutional investors have increased their positions in ZTO Express, with UMB Bank n.a. holding the largest increase at 106.4% growth in the same period.
• Analyst ratings for ZTO Express have shifted, with Bank of America downgrading it from a "buy" to a "neutral" rating, while JPMorgan upgraded it to "overweight." The stock has a current consensus target price of $21.76.

National Bank of Canada FI bought a new position in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 100,500 shares of the transportation company's stock, valued at approximately $1,994,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings 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 in the last quarter. First Horizon Advisors Inc. increased its holdings 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 in the last quarter. U S Global Investors Inc. increased its holdings 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 in the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of ZTO Express (Cayman) in the fourth quarter valued at $231,000. Finally, LPL Financial LLC bought a new position in shares of ZTO Express (Cayman) in the fourth quarter valued at $232,000. Institutional investors own 41.65% of the company's stock.

ZTO Express (Cayman) Stock Up 0.5%

Shares of ZTO Express (Cayman) stock traded up $0.09 on Friday, hitting $19.92. 1,618,667 shares of the company traded hands, compared to its average volume of 2,177,748. The company has a 50-day moving average price of $18.72 and a 200 day moving average price of $18.88. ZTO Express has a 12-month low of $16.34 and a 12-month high of $27.50. The company has a market cap of $11.92 billion, a PE ratio of 12.61, a PEG ratio of 3.02 and a beta of -0.18.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ZTO shares. Bank of America cut ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and dropped their price target for the company from $24.00 to $19.00 in a report on Thursday, May 22nd. Citigroup lowered their price objective on shares of 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. Morgan Stanley set a $24.20 price objective on shares of ZTO Express (Cayman) in a research report on Wednesday, July 2nd. Wall Street Zen cut shares of ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, JPMorgan Chase & Co. upgraded shares of ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and lowered their price objective for the stock from $23.00 to $21.00 in a research report on Thursday, May 29th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, ZTO Express (Cayman) presently has an average rating of "Moderate Buy" and a consensus price target of $21.76.

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.