XY Capital Ltd Grows Stake in ZTO Express (Cayman) Inc. (NYSE:ZTO)

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

Several other institutional investors and hedge funds have also made changes to their positions in ZTO. UMB Bank n.a. boosted its stake 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 in the last quarter. 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 valued at $42,000 after buying an additional 884 shares in the last quarter. U S Global Investors Inc. boosted its stake in ZTO Express (Cayman) by 47.0% during 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 ZTO Express (Cayman) during the fourth quarter valued at about $231,000. Finally, LPL Financial LLC bought a new position in ZTO Express (Cayman) during the fourth quarter valued at about $232,000. 41.65% of the stock is owned by institutional investors and hedge funds.

ZTO Express (Cayman) Stock Down 0.6%

ZTO traded down $0.13 during trading on Tuesday, hitting $20.06. The company's stock had a trading volume of 576,792 shares, compared to its average volume of 2,545,988. The firm's 50 day moving average price is $18.48 and its two-hundred day moving average price is $18.85. ZTO Express has a 12 month low of $16.34 and a 12 month high of $27.50. The stock has a market capitalization of $12.00 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 3.12 and a beta of -0.18.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ZTO shares. 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 raised ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. JPMorgan Chase & Co. raised ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and reduced their price objective for the stock from $23.00 to $21.00 in a research note on Thursday, May 29th. Bank of America downgraded ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $24.00 to $19.00 in a research note on Thursday, May 22nd. Finally, Wall Street Zen downgraded ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently 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.