XY Capital Ltd Raises Position in ZTO Express (Cayman) Inc. (NYSE:ZTO)

XY Capital Ltd grew its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 208.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 396,873 shares of the transportation company’s stock after purchasing an additional 268,387 shares during the quarter. ZTO Express (Cayman) makes up approximately 3.7% of XY Capital Ltd’s holdings, making the stock its 2nd biggest position. XY Capital Ltd owned about 0.07% of ZTO Express (Cayman) worth $7,759,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Point72 DIFC Ltd bought a new stake in ZTO Express (Cayman) during the 3rd quarter worth approximately $26,000. Van ECK Associates Corp raised its position in shares of ZTO Express (Cayman) by 60.8% during the 3rd quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 690 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of ZTO Express (Cayman) during the 3rd quarter valued at $46,000. Blue Trust Inc. boosted its holdings in ZTO Express (Cayman) by 210.0% in the 3rd quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company’s stock worth $57,000 after buying an additional 1,560 shares during the period. Finally, Confluence Investment Management LLC increased its stake in ZTO Express (Cayman) by 14.8% in the 4th quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company’s stock worth $201,000 after buying an additional 1,326 shares in the last quarter. 41.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Hsbc Global Res lowered ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. HSBC downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating and decreased their target price for the stock from $28.00 to $20.00 in a research report on Tuesday, January 21st. JPMorgan Chase & Co. assumed coverage on shares of ZTO Express (Cayman) in a research report on Wednesday, October 30th. They set an “overweight” rating and a $30.00 price objective for the company. Finally, StockNews.com upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $24.53.

ZTO Express (Cayman) Trading Up 0.8 %

Shares of NYSE ZTO opened at $19.25 on Monday. The stock’s fifty day simple moving average is $19.06 and its two-hundred day simple moving average is $20.94. ZTO Express has a 12-month low of $16.87 and a 12-month high of $27.50. The stock has a market capitalization of $11.63 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 0.96 and a beta of -0.16.

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.