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

XY Capital Ltd lifted its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 208.9% during the 4th quarter, HoldingsChannel reports. The firm owned 396,873 shares of the transportation company’s stock after purchasing an additional 268,387 shares during the quarter. ZTO Express (Cayman) comprises 3.7% of XY Capital Ltd’s investment portfolio, making the stock its 2nd biggest position. XY Capital Ltd’s holdings in ZTO Express (Cayman) were worth $7,759,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Hhlr Advisors LTD. grew its position in ZTO Express (Cayman) by 8,172.7% in the third quarter. Hhlr Advisors LTD. now owns 3,003,008 shares of the transportation company’s stock worth $74,385,000 after acquiring an additional 2,966,708 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of ZTO Express (Cayman) during the 3rd quarter worth about $29,350,000. Pzena Investment Management LLC increased its holdings in ZTO Express (Cayman) by 18.1% in the 3rd quarter. Pzena Investment Management LLC now owns 7,039,599 shares of the transportation company’s stock valued at $174,371,000 after purchasing an additional 1,079,327 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in ZTO Express (Cayman) during the 3rd quarter worth about $12,407,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in ZTO Express (Cayman) during the 3rd quarter worth approximately $8,723,000. Hedge funds and other institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Performance

Shares of ZTO opened at $19.25 on Monday. The firm has a 50-day simple moving average of $19.06 and a 200-day simple moving average of $20.94. The company has a market capitalization of $11.63 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 0.96 and a beta of -0.16. ZTO Express has a fifty-two week low of $16.87 and a fifty-two week high of $27.50.

Analyst Upgrades and Downgrades

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

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.