Investors Purchase Large Volume of Put Options on ZTO Express (Cayman) (NYSE:ZTO)
ZTO Express (Cayman) Inc. (NYSE:ZTO – Get Free Report) was the recipient of unusually large options trading on Thursday. Stock traders purchased 39,577 put options on the stock. This represents an increase of approximately 1,563% compared to the typical volume of 2,380 put options.
Analyst Ratings Changes
Several analysts recently issued reports on ZTO shares. TheStreet cut ZTO Express (Cayman) from a “b-” rating to a “c+” rating in a research report on Tuesday, September 12th. Bank of America lowered ZTO Express (Cayman) from a “buy” rating to a “neutral” rating and dropped their price target for the company from $34.00 to $28.00 in a research note on Tuesday, November 7th. Sanford C. Bernstein dropped their price target on ZTO Express (Cayman) from $36.00 to $31.00 and set an “outperform” rating for the company in a research note on Wednesday, August 30th. StockNews.com raised ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. Finally, Citigroup lowered their price objective on ZTO Express (Cayman) from $36.50 to $30.00 in a research note on Wednesday, August 30th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $33.40.
Get Our Latest Stock Report on ZTO Express (Cayman)
ZTO Express (Cayman) Trading Up 0.5 %
ZTO traded up $0.09 during trading on Thursday, hitting $20.01. 3,197,127 shares of the stock were exchanged, compared to its average volume of 2,733,485. The firm has a 50 day simple moving average of $22.73 and a 200 day simple moving average of $24.57. The firm has a market cap of $12.14 billion, a price-to-earnings ratio of 13.37, a P/E/G ratio of 0.81 and a beta of 0.03. ZTO Express has a 1 year low of $19.70 and a 1 year high of $30.05. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.17 and a current ratio of 1.17.
ZTO Express (Cayman) (NYSE:ZTO – Get Free Report) last released its quarterly earnings data on Thursday, November 16th. The transportation company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.33 by $0.06. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.45 billion. ZTO Express (Cayman) had a return on equity of 15.56% and a net margin of 23.07%. As a group, equities analysts expect that ZTO Express will post 1.47 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in ZTO. Captrust Financial Advisors purchased a new position in ZTO Express (Cayman) during the 2nd quarter worth $36,000. Headlands Technologies LLC purchased a new position in ZTO Express (Cayman) during the 2nd quarter worth $49,000. Huntington National Bank grew its stake in ZTO Express (Cayman) by 22.4% during the 2nd quarter. Huntington National Bank now owns 2,134 shares of the transportation company’s stock worth $54,000 after buying an additional 391 shares during the last quarter. Advisor Group Holdings Inc. lifted its position in ZTO Express (Cayman) by 26.2% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,248 shares of the transportation company’s stock worth $61,000 after acquiring an additional 466 shares during the period. Finally, Janiczek Wealth Management LLC lifted its position in ZTO Express (Cayman) by 34.3% during the 3rd quarter. Janiczek Wealth Management LLC now owns 3,562 shares of the transportation company’s stock worth $86,000 after acquiring an additional 909 shares during the period. 41.68% of the stock is currently owned by hedge funds and other institutional investors.
ZTO Express (Cayman) Company Profile (Get Free Report)
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.
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