A number of other equities analysts have also issued reports on the stock. Zacks Investment Research reiterated a sell rating on shares of ZALANDO SE/ADR in a research report on Sunday, June 30th. ValuEngine upgraded shares of Valmont Industries from a sell rating to a hold rating in a report on Friday, July 12th. Wellington Shields lowered shares of Zebra Technologies from a buy rating to a gradually accumulate rating in a report on Friday, July 5th. Finally, Imperial Capital assumed coverage on shares of SUNDANCE ENERGY/S in a report on Thursday, May 2nd. They issued an outperform rating and a $6.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Zebra Technologies presently has a consensus rating of Buy and an average target price of $215.38.
Shares of ZBRA stock opened at $182.15 on Tuesday. Zebra Technologies has a 1 year low of $136.16 and a 1 year high of $237.15. The business’s 50 day moving average is $197.19. The firm has a market capitalization of $9.83 billion, a price-to-earnings ratio of 17.81 and a beta of 1.61. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.00 and a quick ratio of 0.55.
In other Zebra Technologies news, CEO Anders Gustafsson sold 20,000 shares of the stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $200.45, for a total value of $4,009,000.00. Following the sale, the chief executive officer now directly owns 303,533 shares in the company, valued at $60,843,189.85. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Olivier Leonetti sold 3,500 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $195.00, for a total transaction of $682,500.00. Following the completion of the sale, the chief financial officer now owns 22,387 shares in the company, valued at $4,365,465. The disclosure for this sale can be found here. Insiders sold 45,504 shares of company stock worth $9,016,997 over the last 90 days. 1.77% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of ZBRA. FMR LLC raised its holdings in Zebra Technologies by 246.0% in the fourth quarter. FMR LLC now owns 2,418,244 shares of the industrial products company’s stock worth $385,057,000 after purchasing an additional 1,719,358 shares during the period. Norges Bank acquired a new stake in Zebra Technologies in the fourth quarter worth $83,320,000. Rothschild & Co. Asset Management US Inc. acquired a new stake in Zebra Technologies in the first quarter worth $32,013,000. Bank of Montreal Can raised its holdings in Zebra Technologies by 896.1% in the first quarter. Bank of Montreal Can now owns 165,911 shares of the industrial products company’s stock worth $34,764,000 after purchasing an additional 149,255 shares during the period. Finally, Strs Ohio raised its holdings in Zebra Technologies by 8,082.3% in the first quarter. Strs Ohio now owns 141,062 shares of the industrial products company’s stock worth $29,556,000 after purchasing an additional 139,338 shares during the period. Institutional investors own 87.27% of the company’s stock.
About Zebra Technologies
Zebra (NASDAQ: ZBRA) empowers the front line of business in retail/ecommerce, manufacturing, transportation and logistics, healthcare and other industries to achieve a performance edge. With more than 10,000 partners across 100 countries, they deliver industry-tailored, end-to-end solutions that intelligently connect people, assets and data to help our customers make business-critical decisions. Their market-leading solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care.
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