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

Assetmark Inc. boosted its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 987.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 25,827 shares of the transportation company’s stock after buying an additional 23,452 shares during the period. Assetmark Inc.’s holdings in ZTO Express (Cayman) were worth $650,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Signaturefd LLC raised its holdings in ZTO Express (Cayman) by 22.5% in the fourth quarter. Signaturefd LLC now owns 2,693 shares of the transportation company’s stock worth $56,000 after purchasing an additional 494 shares in the last quarter. Ethic Inc. boosted its holdings in shares of ZTO Express (Cayman) by 3.7% in the 4th quarter. Ethic Inc. now owns 15,943 shares of the transportation company’s stock valued at $333,000 after buying an additional 569 shares in the last quarter. Smartleaf Asset Management LLC grew its position 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 during the last quarter. Orion Porfolio Solutions LLC grew its position in shares of ZTO Express (Cayman) by 7.8% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 14,617 shares of the transportation company’s stock worth $281,000 after buying an additional 1,053 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of ZTO Express (Cayman) in the 4th quarter worth approximately $25,000. 41.65% of the stock is currently owned by institutional investors.

ZTO Express (Cayman) Stock Performance

Shares of ZTO Express (Cayman) stock opened at $24.00 on Friday. The firm has a market capitalization of $13.53 billion, a P/E ratio of 14.72, a PEG ratio of 0.91 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 company has a 50 day moving average price of $22.92 and a 200 day moving average price of $23.63. ZTO Express has a 52 week low of $17.74 and a 52 week high of $26.20.

Wall Street Analysts Forecast Growth

ZTO has been the subject of a number of analyst reports. Zacks Research raised shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Morgan Stanley restated an “overweight” rating and issued a $30.10 target price on shares of ZTO Express (Cayman) in a research note on Wednesday, May 20th. JPMorgan Chase & Co. upped their price target on ZTO Express (Cayman) from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, April 13th. Weiss Ratings lowered ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Finally, Wall Street Zen raised ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. 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. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $27.03.

ZTO Express (Cayman) 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.