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 business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $242.75, for a total transaction of $1,139,225.75. Following the transaction, the director now owns 35,896 shares of the company’s stock, valued at approximately $8,713,754. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

NASDAQ ZBRA opened at $241.86 on Friday. The firm has a 50 day moving average of $211.74 and a two-hundred day moving average of $201.93. Zebra Technologies has a 52 week low of $140.95 and a 52 week high of $248.83. The company has a quick ratio of 0.58, a current ratio of 0.94 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $13.06 billion, a PE ratio of 23.64 and a beta of 1.64.

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

Several institutional investors have recently modified their holdings of ZBRA. Squar Milner Financial Services LLC boosted its holdings in shares of Zebra Technologies by 479.3% in the 3rd quarter. Squar Milner Financial Services LLC now owns 168 shares of the industrial products company’s stock valued at $34,000 after buying an additional 139 shares in the last quarter. Shamrock Asset Management LLC acquired a new position in shares of Zebra Technologies in the 2nd quarter valued at $35,000. Bessemer Group Inc. boosted its holdings in shares of Zebra Technologies by 451.5% in the 2nd quarter. Bessemer Group Inc. now owns 182 shares of the industrial products company’s stock valued at $38,000 after buying an additional 149 shares in the last quarter. North Star Investment Management Corp. acquired a new position in shares of Zebra Technologies in the 3rd quarter valued at $41,000. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Zebra Technologies by 284.2% in the 3rd quarter. Quadrant Capital Group LLC now owns 292 shares of the industrial products company’s stock valued at $58,000 after buying an additional 216 shares in the last quarter. Institutional investors and hedge funds own 88.42% of the company’s stock.

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ZBRA has been the subject of several analyst reports. JPMorgan Chase & Co. cut 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. Robert W. Baird boosted their price target on shares of Zebra Technologies from $235.00 to $270.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. BidaskClub upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. ValuEngine upgraded shares of Zebra Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley boosted their price target on shares of Zebra Technologies from $205.00 to $217.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $245.63.

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.

Further Reading: Price to Earnings Ratio (PE) Basics

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

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