16,000 Shares in ZTO Express (Cayman) Inc. (NYSE:ZTO) Acquired by Ping Capital Management Inc.

Ping Capital Management Inc. bought a new stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,000 shares of the transportation company's stock, valued at approximately $317,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ZTO. Aurora Investment Counsel lifted its position in ZTO Express (Cayman) by 1.0% in the 1st quarter. Aurora Investment Counsel now owns 138,210 shares of the transportation company's stock worth $2,742,000 after buying an additional 1,310 shares in the last quarter. Cerity Partners LLC increased its stake in shares of ZTO Express (Cayman) by 30.6% during the 1st quarter. Cerity Partners LLC now owns 26,170 shares of the transportation company's stock worth $519,000 after purchasing an additional 6,135 shares during the last quarter. Infini Capital Management Ltd acquired a new position in shares of ZTO Express (Cayman) during the 1st quarter worth $1,980,000. Envestnet Asset Management Inc. increased its stake in shares of ZTO Express (Cayman) by 31.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 577,800 shares of the transportation company's stock worth $11,464,000 after purchasing an additional 137,202 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in ZTO Express (Cayman) by 70.8% in the 1st 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 last quarter. 41.65% of the stock is owned by institutional investors and hedge funds.

ZTO Express (Cayman) Stock Performance

Shares of NYSE ZTO traded up $0.67 during trading on Friday, reaching $19.00. The company had a trading volume of 3,096,708 shares, compared to its average volume of 2,718,197. ZTO Express has a 52 week low of $16.34 and a 52 week high of $27.50. The stock has a market cap of $11.37 billion, a PE ratio of 12.03, a PEG ratio of 2.78 and a beta of -0.18. The business's 50 day moving average price is $17.78 and its 200-day moving average price is $18.72.

Wall Street Analyst Weigh In

ZTO has been the topic of several research reports. Bank of America downgraded shares of ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $24.00 to $19.00 in a report on Thursday, May 22nd. HSBC upgraded shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 price objective on the stock in a report on Monday, April 14th. Morgan Stanley set a $24.20 price objective on shares of ZTO Express (Cayman) in a report on Wednesday, July 2nd. Citigroup reduced their price objective on shares of ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating for the company in a report on Thursday, May 22nd. Finally, Wall Street Zen downgraded shares of ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Two research analysts have rated the stock with a hold rating, three have assigned 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 an average price target of $21.76.

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.