U S Global Investors Inc. Boosts Stock Holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO)

U S Global Investors Inc. raised its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 47.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,101 shares of the transportation company’s stock after purchasing an additional 3,229 shares during the period. U S Global Investors Inc.’s holdings in ZTO Express (Cayman) were worth $200,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. UMB Bank n.a. increased its stake in shares of ZTO Express (Cayman) by 106.4% in the first quarter. UMB Bank n.a. now owns 1,288 shares of the transportation company’s stock worth $26,000 after purchasing an additional 664 shares in the last quarter. Schechter Investment Advisors LLC increased its stake in shares of ZTO Express (Cayman) by 12.0% in the fourth quarter. Schechter Investment Advisors LLC now owns 11,255 shares of the transportation company’s stock worth $220,000 after purchasing an additional 1,204 shares in the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of ZTO Express (Cayman) in the fourth quarter worth about $231,000. LPL Financial LLC bought a new position in shares of ZTO Express (Cayman) in the fourth quarter valued at approximately $232,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of ZTO Express (Cayman) by 6.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,212 shares of the transportation company’s stock valued at $242,000 after acquiring an additional 730 shares during the period. Hedge funds and other institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Price Performance

ZTO stock opened at $17.80 on Friday. ZTO Express has a one year low of $16.34 and a one year high of $27.50. The stock has a market cap of $10.65 billion, a PE ratio of 11.27, a P/E/G ratio of 2.65 and a beta of -0.18. The firm has a 50 day simple moving average of $17.98 and a two-hundred day simple moving average of $18.86.

Analysts Set New Price Targets

ZTO has been the subject of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of ZTO Express (Cayman) from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $23.00 to $21.00 in a research report on Thursday, May 29th. Wall Street Zen lowered shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. Bank of America lowered shares of ZTO Express (Cayman) from a “buy” rating to a “neutral” rating and cut their price objective for the company from $24.00 to $19.00 in a research report on Thursday, May 22nd. Citigroup cut 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 report on Thursday, May 22nd. Finally, Hsbc Global Res upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, ZTO Express (Cayman) currently has an average rating of “Moderate Buy” and a consensus target price of $21.15.

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.