Zebra Technologies (NASDAQ:ZBRA) CAO Colleen M. O’sullivan sold 1,549 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $196.00, for a total transaction of $303,604.00. Following the sale, the chief accounting officer now owns 4,664 shares in the company, valued at $914,144. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Zebra Technologies stock traded up $7.88 during midday trading on Friday, hitting $205.16. 405,776 shares of the company traded hands, compared to its average volume of 558,790. The stock has a market cap of $10.68 billion, a price-to-earnings ratio of 20.05 and a beta of 1.65. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.59 and a current ratio of 0.99. The firm’s fifty day moving average price is $201.72 and its 200-day moving average price is $202.58. Zebra Technologies has a 12 month low of $140.95 and a 12 month high of $237.15.
Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $3.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.70 by $0.32. Zebra Technologies had a net margin of 10.95% and a return on equity of 43.60%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the firm posted $2.48 EPS. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. Equities research analysts forecast that Zebra Technologies will post 12.1 earnings per share for the current year.
ZBRA has been the topic of a number of research analyst reports. Wellington Shields lowered shares of Zebra Technologies from a “gradually accumulate” rating to a “hold” rating in a report on Thursday, July 18th. ValuEngine upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. BidaskClub lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 17th. Imperial Capital restated an “outperform” rating and set a $245.00 price objective (up from $230.00) on shares of Zebra Technologies in a report on Thursday, August 1st. Finally, Atlantic Securities initiated coverage on shares of Zebra Technologies in a report on Tuesday, August 27th. They set an “overweight” rating and a $230.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. Zebra Technologies has a consensus rating of “Buy” and an average target price of $226.00.
Several institutional investors have recently added to or reduced their stakes in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in shares of Zebra Technologies during the 2nd quarter valued at $3,301,000. Toronto Dominion Bank acquired a new position in Zebra Technologies during the second quarter worth $1,764,000. Atria Investments LLC raised its holdings in shares of Zebra Technologies by 57.3% in the second quarter. Atria Investments LLC now owns 1,768 shares of the industrial products company’s stock valued at $356,000 after purchasing an additional 644 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Zebra Technologies by 0.6% in the second quarter. Treasurer of the State of North Carolina now owns 21,476 shares of the industrial products company’s stock valued at $4,499,000 after purchasing an additional 125 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Zebra Technologies by 7.6% in the second quarter. BlackRock Inc. now owns 5,273,689 shares of the industrial products company’s stock valued at $1,104,785,000 after purchasing an additional 372,156 shares during the last quarter. Institutional investors own 89.27% of the company’s stock.
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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