Michael A. Smith Sells 633 Shares of Zebra Technologies (ZBRA) Stock

Zebra Technologies (NASDAQ:ZBRA) Director Michael A. Smith sold 633 shares of the business’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $164.84, for a total transaction of $104,343.72. Following the completion of the sale, the director now owns 59,829 shares in the company, valued at approximately $9,862,212.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of Zebra Technologies stock traded down $1.59 during trading on Wednesday, reaching $162.41. The company’s stock had a trading volume of 17,655 shares, compared to its average volume of 397,458. The company has a quick ratio of 0.64, a current ratio of 1.09 and a debt-to-equity ratio of 1.78. Zebra Technologies has a one year low of $99.59 and a one year high of $167.61. The stock has a market capitalization of $8.61 billion, a price-to-earnings ratio of 25.26 and a beta of 1.46.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.23 by $0.25. Zebra Technologies had a return on equity of 49.48% and a net margin of 4.33%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $990.09 million. During the same period in the previous year, the business posted $1.51 earnings per share. sell-side analysts anticipate that Zebra Technologies will post 9.59 EPS for the current year.



ZBRA has been the subject of a number of research analyst reports. BidaskClub raised Zebra Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 30th. JPMorgan Chase & Co. set a $170.00 price target on Zebra Technologies and gave the company a “buy” rating in a report on Monday, August 6th. Robert W. Baird lifted their price target on Zebra Technologies from $146.00 to $168.00 and gave the company an “outperform” rating in a report on Wednesday, May 9th. Zacks Investment Research cut Zebra Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, July 16th. Finally, TheStreet raised Zebra Technologies from a “c+” rating to a “b” rating in a report on Tuesday, May 8th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $163.67.

Institutional investors have recently added to or reduced their stakes in the stock. FDx Advisors Inc. bought a new stake in Zebra Technologies during the 1st quarter worth about $249,000. Wells Fargo & Company MN raised its holdings in Zebra Technologies by 8.7% during the 1st quarter. Wells Fargo & Company MN now owns 708,586 shares of the industrial products company’s stock worth $98,627,000 after purchasing an additional 56,677 shares during the last quarter. Braun Stacey Associates Inc. raised its holdings in Zebra Technologies by 8.2% during the 1st quarter. Braun Stacey Associates Inc. now owns 132,322 shares of the industrial products company’s stock worth $18,418,000 after purchasing an additional 10,035 shares during the last quarter. CIBC Asset Management Inc bought a new stake in Zebra Technologies during the 1st quarter worth about $252,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in Zebra Technologies during the 1st quarter worth about $177,000. 87.49% of the stock is owned by institutional investors and hedge funds.

About Zebra Technologies

With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.

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