Sei Investments Co. Buys 180,110 Shares of ZTO Express (Cayman) Inc. $ZTO

Sei Investments Co. raised its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 575.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 211,401 shares of the transportation company’s stock after purchasing an additional 180,110 shares during the period. Sei Investments Co.’s holdings in ZTO Express (Cayman) were worth $5,321,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in ZTO. Teachers Retirement System of The State of Kentucky lifted its position in shares of ZTO Express (Cayman) by 20.3% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 1,077,250 shares of the transportation company’s stock valued at $22,504,000 after buying an additional 181,600 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in ZTO Express (Cayman) in the 1st quarter worth approximately $653,000. KBC Group NV raised its stake in ZTO Express (Cayman) by 13.6% during the 4th quarter. KBC Group NV now owns 170,061 shares of the transportation company’s stock worth $3,553,000 after acquiring an additional 20,306 shares during the period. Dumac Inc. bought a new stake in ZTO Express (Cayman) during the 4th quarter worth approximately $2,022,000. Finally, OPTIMAS CAPITAL Ltd purchased a new position in ZTO Express (Cayman) during the fourth quarter valued at approximately $4,005,000. Institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Trading Down 2.5%

ZTO stock opened at $24.00 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.64. ZTO Express has a 1-year low of $17.74 and a 1-year high of $26.20. The business has a 50 day simple moving average of $23.05 and a two-hundred day simple moving average of $23.75. The company has a market capitalization of $13.53 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 0.94 and a beta of -0.22.

Analyst Ratings Changes

A number of equities analysts have weighed in on ZTO shares. Zacks Research upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. JPMorgan Chase & Co. raised their price objective on shares of ZTO Express (Cayman) from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, April 13th. 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. Wall Street Zen upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Finally, Morgan Stanley reissued an “overweight” rating and set a $30.10 price target on shares of ZTO Express (Cayman) in a report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $27.03.

About ZTO Express (Cayman)

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.