Zebra Technologies (NASDAQ:ZBRA) Director Sells $1,139,225.75 in Stock

Zebra Technologies (NASDAQ:ZBRA) Director Michael A. Smith sold 4,693 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $242.75, for a total transaction of $1,139,225.75. Following the completion of the transaction, the director now owns 35,896 shares of the company’s stock, valued at approximately $8,713,754. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of NASDAQ ZBRA opened at $241.86 on Friday. The stock has a market cap of $13.06 billion, a price-to-earnings ratio of 23.64 and a beta of 1.64. Zebra Technologies has a 52 week low of $140.95 and a 52 week high of $248.83. The company’s 50-day moving average price is $211.74 and its 200 day moving average price is $201.93. The company has a current ratio of 0.94, a quick ratio of 0.58 and a debt-to-equity ratio of 0.84.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.43 EPS for the quarter, beating the Zacks’ consensus estimate of $3.28 by $0.15. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Zebra Technologies had a net margin of 11.06% and a return on equity of 42.17%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.88 EPS. As a group, research analysts expect that Zebra Technologies will post 12.16 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC acquired a new stake in Zebra Technologies in the 2nd quarter valued at about $89,000. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Zebra Technologies by 16.7% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 24,527 shares of the industrial products company’s stock worth $5,138,000 after purchasing an additional 3,510 shares during the last quarter. Gateway Investment Advisers LLC boosted its stake in shares of Zebra Technologies by 5.1% during the 2nd quarter. Gateway Investment Advisers LLC now owns 30,808 shares of the industrial products company’s stock worth $6,454,000 after purchasing an additional 1,504 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Zebra Technologies during the 2nd quarter worth about $566,000. Finally, Courier Capital LLC boosted its stake in shares of Zebra Technologies by 16.5% during the 2nd quarter. Courier Capital LLC now owns 1,138 shares of the industrial products company’s stock worth $238,000 after purchasing an additional 161 shares during the last quarter. 88.42% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on ZBRA. ValuEngine upgraded shares of Zebra Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Zacks Investment Research upgraded shares of Zebra Technologies from a “sell” rating to a “hold” rating in a report on Saturday, October 19th. JPMorgan Chase & Co. downgraded shares of Zebra Technologies from an “overweight” rating to a “neutral” rating and set a $250.00 price target for the company. in a report on Tuesday. Atlantic Securities began coverage on shares of Zebra Technologies in a report on Tuesday, August 27th. They issued an “overweight” rating and a $230.00 price target for the company. Finally, Morgan Stanley increased their price target on shares of Zebra Technologies from $205.00 to $217.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $245.63.

Zebra Technologies Company Profile

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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Insider Buying and Selling by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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