ZTO Express (Cayman) Inc. (NYSE:ZTO) is XY Capital Ltd's 2nd Largest Position

Key Points

• XY Capital Ltd has significantly increased its stake in ZTO Express (Cayman) Inc. by 162.4% during the 1st quarter, making it the fund's second-largest position, now holding 1,041,263 shares valued at approximately $20.66 million.
• Several other institutional investors have also boosted their holdings in ZTO Express, including UMB Bank and First Horizon Advisors, contributing to a total institutional ownership of 41.65%.
• ZTO Express’s stock is currently trading at $20.71, with a 52-week range between $16.34 and $27.50, and a target price set by Morgan Stanley at $24.20.

XY Capital Ltd lifted its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO - Free Report) by 162.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,041,263 shares of the transportation company's stock after purchasing an additional 644,390 shares during the period. ZTO Express (Cayman) comprises about 5.9% of XY Capital Ltd's portfolio, making the stock its 2nd largest holding. XY Capital Ltd owned 0.17% of ZTO Express (Cayman) worth $20,659,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Marshall Wace LLP lifted its stake in shares of ZTO Express (Cayman) by 831.6% in the fourth quarter. Marshall Wace LLP now owns 1,168,821 shares of the transportation company's stock worth $22,850,000 after buying an additional 1,043,359 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in ZTO Express (Cayman) by 46.5% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 826,850 shares of the transportation company's stock valued at $16,165,000 after acquiring an additional 262,280 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in 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 valued at $11,464,000 after acquiring an additional 137,202 shares in the last quarter. Voloridge Investment Management LLC purchased a new stake in ZTO Express (Cayman) during the 4th quarter valued at about $10,802,000. Finally, Icon Advisers Inc. Co. grew its stake in ZTO Express (Cayman) by 53.3% during the 4th quarter. Icon Advisers Inc. Co. now owns 345,000 shares of the transportation company's stock valued at $6,745,000 after acquiring an additional 120,000 shares in the last quarter. Institutional investors and hedge funds own 41.65% of the company's stock.

ZTO Express (Cayman) Stock Down 0.6%

Shares of ZTO Express (Cayman) stock traded down $0.13 during mid-day trading on Friday, hitting $20.60. The stock had a trading volume of 1,960,220 shares, compared to its average volume of 2,175,955. The firm has a 50-day moving average of $18.43 and a two-hundred day moving average of $18.84. ZTO Express has a 12-month low of $16.34 and a 12-month high of $27.50. The firm has a market cap of $12.33 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 3.12 and a beta of -0.18.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. raised shares of ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and dropped their price objective for the company from $23.00 to $21.00 in a research note on Thursday, May 29th. HSBC raised shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 price objective for the company in a research note on Monday, April 14th. Bank of America cut shares of ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $24.00 to $19.00 in a research note on Thursday, May 22nd. Hsbc Global Res raised shares of ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. Finally, Citigroup dropped 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 research note on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.