Zto Express Sees Unusually Large Options Volume (ZTO)
Zto Express Inc (NYSE:ZTO) was the target of unusually large options trading on Monday. Stock investors purchased 3,910 put options on the company. This is an increase of approximately 7,419% compared to the typical daily volume of 52 put options.
Several hedge funds have recently modified their holdings of ZTO. Hillhouse Capital Management Ltd. acquired a new stake in shares of Zto Express in the 2nd quarter valued at $158,961,000. Lazard Asset Management LLC boosted its holdings in shares of Zto Express by 149.1% in the 2nd quarter. Lazard Asset Management LLC now owns 5,005,803 shares of the transportation company’s stock valued at $69,881,000 after purchasing an additional 2,996,086 shares in the last quarter. Myriad Asset Management Ltd. acquired a new stake in shares of Zto Express in the 2nd quarter valued at $26,877,000. Carmignac Gestion boosted its holdings in shares of Zto Express by 237.5% in the 2nd quarter. Carmignac Gestion now owns 2,506,499 shares of the transportation company’s stock valued at $34,991,000 after purchasing an additional 1,763,819 shares in the last quarter. Finally, Green Court Capital Management Ltd boosted its holdings in shares of Zto Express by 28.5% in the 3rd quarter. Green Court Capital Management Ltd now owns 7,529,806 shares of the transportation company’s stock valued at $105,143,000 after purchasing an additional 1,670,300 shares in the last quarter. 25.21% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages recently issued reports on ZTO. Zacks Investment Research downgraded Zto Express from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. began coverage on Zto Express in a research report on Tuesday, August 8th. They set a “reduce” rating and a $12.50 price target on the stock. Macquarie began coverage on Zto Express in a research report on Tuesday, September 19th. They set an “outperform” rating and a $17.30 price target on the stock. Finally, Daiwa Capital Markets began coverage on Zto Express in a research report on Thursday, November 2nd. They set a “buy” rating and a $18.50 price target on the stock. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. Zto Express has an average rating of “Hold” and a consensus price target of $16.66.
Shares of Zto Express (ZTO) opened at $17.01 on Thursday. The stock has a market capitalization of $12,210.00 and a P/E ratio of 30.91. Zto Express has a 12-month low of $11.14 and a 12-month high of $18.08.
Zto Express (NYSE:ZTO) last issued its quarterly earnings results on Tuesday, August 22nd. The transportation company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.01. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.02 billion. Zto Express had a return on equity of 13.41% and a net margin of 22.47%. The business’s quarterly revenue was up 29.9% compared to the same quarter last year. equities research analysts anticipate that Zto Express will post 0.62 earnings per share for the current fiscal year.
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Zto Express Company Profile
ZTO Express (Cayman) Inc is an express delivery company in China. The Company provides express delivery service through its nationwide network, as well as other value-added logistics services. The Company provides its services for a range of online merchants and consumers transacting on the Chinese e-commerce platforms, such as Alibaba and JD.com.
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