Assetmark Inc. Acquires 23,452 Shares of ZTO Express (Cayman) Inc. $ZTO

Assetmark Inc. boosted its holdings in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 987.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,827 shares of the transportation company’s stock after buying an additional 23,452 shares during the quarter. Assetmark Inc.’s holdings in ZTO Express (Cayman) were worth $650,000 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. Caitong International Asset Management Co. Ltd purchased a new position in shares of ZTO Express (Cayman) during the 4th quarter worth $25,000. Leonteq Securities AG purchased a new position in shares of ZTO Express (Cayman) during the 4th quarter valued at about $30,000. Atlas Capital Advisors Inc. bought a new position in shares of ZTO Express (Cayman) during the 4th quarter valued at approximately $35,000. Smartleaf Asset Management LLC grew its stake in shares of ZTO Express (Cayman) by 61.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 769 shares during the period. Finally, Signaturefd LLC grew its stake in shares of ZTO Express (Cayman) by 22.5% during the 4th quarter. Signaturefd LLC now owns 2,693 shares of the transportation company’s stock valued at $56,000 after acquiring an additional 494 shares during the period. 41.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ZTO has been the topic of a number of recent analyst reports. Weiss Ratings cut shares of ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. JPMorgan Chase & Co. upped their price target on shares of ZTO Express (Cayman) from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, April 13th. Zacks Research raised shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Wall Street Zen upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, ZTO Express (Cayman) has a consensus rating of “Buy” and an average target price of $27.03.

ZTO Express (Cayman) Stock Performance

NYSE:ZTO opened at $24.00 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.16. ZTO Express has a 12-month low of $17.74 and a 12-month high of $26.20. The stock has a 50-day moving average price of $22.92 and a 200 day moving average price of $23.63. The stock has a market capitalization of $13.53 billion, a P/E ratio of 14.72, a P/E/G ratio of 0.91 and a beta of -0.22.

ZTO Express (Cayman) Company Profile

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.