Zto Express Target of Unusually High Options Trading (ZTO)
Zto Express Inc (NYSE:ZTO) was the recipient of some unusual options trading on Monday. Stock traders bought 9,790 call options on the stock. This represents an increase of 1,321% compared to the average daily volume of 689 call options.
Shares of Zto Express (NYSE:ZTO) opened at $16.47 on Friday. Zto Express has a 1 year low of $11.14 and a 1 year high of $18.08. The firm has a market capitalization of $8,935.46 and a PE ratio of 30.93.
Zto Express (NYSE:ZTO) last issued its earnings results on Tuesday, August 22nd. The transportation company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. Zto Express had a return on equity of 13.41% and a net margin of 22.47%. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.02 billion. The company’s revenue was up 29.9% compared to the same quarter last year. analysts predict that Zto Express will post 0.62 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the stock. Hillhouse Capital Management Ltd. acquired a new position in shares of Zto Express in the second quarter worth about $158,961,000. Green Court Capital Management Ltd lifted its stake in shares of Zto Express by 28.5% in the third quarter. Green Court Capital Management Ltd now owns 7,529,806 shares of the transportation company’s stock worth $105,143,000 after acquiring an additional 1,670,300 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of Zto Express by 149.1% in the second quarter. Lazard Asset Management LLC now owns 5,005,803 shares of the transportation company’s stock worth $69,881,000 after acquiring an additional 2,996,086 shares in the last quarter. Davis Selected Advisers lifted its stake in shares of Zto Express by 12.3% in the second quarter. Davis Selected Advisers now owns 4,704,977 shares of the transportation company’s stock worth $65,681,000 after acquiring an additional 517,045 shares in the last quarter. Finally, Carmignac Gestion lifted its stake in shares of Zto Express by 237.5% in the second quarter. Carmignac Gestion now owns 2,506,499 shares of the transportation company’s stock worth $34,991,000 after acquiring an additional 1,763,819 shares in the last quarter. Institutional investors and hedge funds own 25.21% of the company’s stock.
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About Zto Express
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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