XTX Topco Ltd Has $1.75 Million Stock Holdings in 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 boosted its holdings in shares of 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 and Exchange Commission. The fund owned 88,106 shares of the transportation company's stock after buying an additional 63,580 shares during the period. XTX Topco Ltd's holdings in ZTO Express (Cayman) were worth $1,748,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ZTO. LPL Financial LLC acquired a new position in ZTO Express (Cayman) during the fourth quarter worth $232,000. WFM ASIA BVI Ltd acquired a new position in ZTO Express (Cayman) during the fourth quarter worth $11,364,000. Polymer Capital Management HK LTD acquired a new position in ZTO Express (Cayman) during the fourth quarter worth $1,948,000. Cerity Partners LLC raised its holdings in ZTO Express (Cayman) by 5.9% during the fourth quarter. Cerity Partners LLC now owns 20,035 shares of the transportation company's stock worth $392,000 after buying an additional 1,122 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in ZTO Express (Cayman) by 47.8% during the fourth quarter. Renaissance Technologies LLC now owns 333,500 shares of the transportation company's stock worth $6,520,000 after buying an additional 107,800 shares during the last quarter. Institutional investors and hedge funds own 41.65% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. HSBC upgraded shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 target price for the company in a research note on Monday, April 14th. Citigroup reduced their target price on shares of ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating for the company in a research note on Thursday, May 22nd. 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 lowered shares of ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $24.00 to $19.00 in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. upgraded shares of ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and reduced their target price for the stock from $23.00 to $21.00 in a research note on Thursday, May 29th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $21.76.

ZTO Express (Cayman) Stock Performance

ZTO opened at $19.68 on Friday. The firm has a market cap of $11.78 billion, a P/E ratio of 12.46, a PEG ratio of 3.03 and a beta of -0.18. The firm has a 50-day moving average of $18.07 and a 200 day moving average of $18.78. ZTO Express has a fifty-two week low of $16.34 and a fifty-two week high of $27.50.

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.

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