ZTO Express (Cayman) Inc (NYSE:ZTO) was the target of unusually large options trading activity on Tuesday. Stock traders purchased 19,286 put options on the company. This is an increase of approximately 13,201% compared to the average daily volume of 145 put options.

ZTO Express (Cayman) stock opened at $20.01 on Wednesday. ZTO Express has a 52-week low of $14.51 and a 52-week high of $22.67. The firm has a market cap of $10.21 billion, a PE ratio of 29.00 and a beta of 0.60.

Hedge funds have recently made changes to their positions in the company. Huntington National Bank boosted its position in shares of ZTO Express (Cayman) by 40.3% during the 4th quarter. Huntington National Bank now owns 3,066 shares of the transportation company’s stock valued at $49,000 after acquiring an additional 880 shares during the last quarter. Rehmann Capital Advisory Group boosted its position in shares of ZTO Express (Cayman) by 1,421.8% during the 3rd quarter. Rehmann Capital Advisory Group now owns 5,037 shares of the transportation company’s stock valued at $304,000 after acquiring an additional 4,706 shares during the last quarter. Intellectus Partners LLC acquired a new position in shares of ZTO Express (Cayman) during the 3rd quarter valued at about $116,000. OLD National Bancorp IN acquired a new position in shares of ZTO Express (Cayman) during the 4th quarter valued at about $186,000. Finally, Virtu Financial LLC acquired a new position in shares of ZTO Express (Cayman) during the 3rd quarter valued at about $196,000. 32.86% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research raised shares of ZTO Express (Cayman) from a “sell” rating to a “hold” rating in a report on Saturday, February 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. ZTO Express (Cayman) has an average rating of “Hold” and a consensus price target of $21.50.

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ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. The company offers delivery services for e-commerce and traditional merchants, and other express service users. As of December 31, 2017, it operated a fleet of approximately 3,600 self-owned trucks.

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