QRG Capital Management Inc. Makes New $653,000 Investment in ZTO Express (Cayman) Inc. $ZTO

QRG Capital Management Inc. purchased a new position in ZTO Express (Cayman) Inc. (NYSE:ZTOFree Report) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 25,944 shares of the transportation company’s stock, valued at approximately $653,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Caitong International Asset Management Co. Ltd acquired a new stake in ZTO Express (Cayman) in the fourth quarter worth approximately $25,000. Leonteq Securities AG acquired a new position in shares of ZTO Express (Cayman) during the 4th quarter valued at $30,000. Atlas Capital Advisors Inc. bought a new stake in shares of ZTO Express (Cayman) in the 4th quarter worth $35,000. Smartleaf Asset Management LLC raised its stake in shares of ZTO Express (Cayman) by 61.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock worth $36,000 after buying an additional 769 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of ZTO Express (Cayman) by 1,713.0% in the fourth quarter. Assetmark Inc. now owns 2,375 shares of the transportation company’s stock valued at $50,000 after buying an additional 2,244 shares during the period. 41.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ZTO shares. Zacks Research raised ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Weiss Ratings downgraded shares of ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Morgan Stanley restated an “overweight” rating and set a $30.10 price objective on shares of ZTO Express (Cayman) in a research report on Wednesday, May 20th. Wall Street Zen raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Finally, JPMorgan Chase & Co. boosted their target price on shares of ZTO Express (Cayman) from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, April 13th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, ZTO Express (Cayman) presently has a consensus rating of “Buy” and a consensus target price of $27.03.

View Our Latest Analysis on ZTO

ZTO Express (Cayman) Stock Performance

ZTO opened at $23.47 on Friday. The firm has a market cap of $13.23 billion, a PE ratio of 14.40, a P/E/G ratio of 0.88 and a beta of -0.22. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $23.11 and a 200-day simple moving average of $23.42. ZTO Express has a fifty-two week low of $17.74 and a fifty-two week high of $26.20.

ZTO Express (Cayman) Profile

(Free Report)

ZTO Express (Cayman) Inc is one of China’s leading express delivery companies, specializing in both domestic and cross-border parcel logistics. The company operates a technology-enabled network that connects shippers, independent pickup and delivery stations, regional sorting hubs and end customers. ZTO’s service portfolio includes standard express, heavy-weight parcel delivery, time-definite shipments and e-commerce logistics solutions tailored for online retailers and marketplaces.

Founded in 2002 and headquartered in Shanghai, ZTO has grown rapidly by leveraging a franchise-style operating model that engages a broad network of independent contractors.

Further Reading

Institutional Ownership by Quarter for ZTO Express (Cayman) (NYSE:ZTO)

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