XTX Topco Ltd Acquires 63,580 Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO)

Key Points

• XTX Topco Ltd significantly increased its holdings in ZTO Express (Cayman) Inc. by 259.2% during the first quarter, resulting in a total worth of approximately $1.75 million.
• Recent analyst reports show mixed ratings for ZTO Express, with HSBC upgrading it to a "buy" and Citigroup lowering their target price, leading to a consensus rating of "Moderate Buy".
• ZTO Express (Cayman) currently has a market cap of $11.78 billion and its stock is trading near its fifty-two week low of $16.34 and high of $27.50.

XTX Topco Ltd increased its position in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 259.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,106 shares of the transportation company's stock after buying an additional 63,580 shares during the quarter. XTX Topco Ltd's holdings in ZTO Express (Cayman) were worth $1,748,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ZTO. UMB Bank n.a. lifted 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 valued at $26,000 after buying 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 acquiring an additional 884 shares in the last quarter. U S Global Investors Inc. grew its stake in shares of ZTO Express (Cayman) by 47.0% in the 1st 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 during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in ZTO Express (Cayman) in the fourth quarter worth $231,000. Finally, LPL Financial LLC bought a new position in shares of ZTO Express (Cayman) during the fourth quarter valued at $232,000. 41.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on ZTO. Citigroup reduced their target price on ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating for the company in a report on Thursday, May 22nd. Hsbc Global Res upgraded ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Morgan Stanley set a $24.20 target price on shares of ZTO Express (Cayman) in a research note on Wednesday, July 2nd. Bank of America downgraded shares of 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. Finally, JPMorgan Chase & Co. raised shares of ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and decreased their price objective for the company from $23.00 to $21.00 in a report on Thursday, May 29th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, ZTO Express (Cayman) currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.76.

ZTO Express (Cayman) Stock Performance

Shares of ZTO Express (Cayman) stock traded down $0.82 on Tuesday, hitting $19.67. 1,137,192 shares of the company's stock were exchanged, compared to its average volume of 2,569,708. ZTO Express has a 1 year low of $16.34 and a 1 year high of $27.50. The company has a 50-day simple moving average of $18.20 and a 200-day simple moving average of $18.80. The stock has a market capitalization of $11.77 billion, a PE ratio of 12.45, a PEG ratio of 3.06 and a beta of -0.18.

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.