Zebra Technologies Co. (NASDAQ:ZBRA)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $416.83 and last traded at $416.05, with a volume of 3103 shares. The stock had previously closed at $413.79.
A number of research firms recently issued reports on ZBRA. UBS Group assumed coverage on shares of Zebra Technologies in a research report on Friday, December 4th. They set a “buy” rating for the company. Stephens initiated coverage on shares of Zebra Technologies in a report on Friday, October 16th. They set an “overweight” rating and a $375.00 price objective on the stock. Morgan Stanley upped their target price on shares of Zebra Technologies from $250.00 to $335.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 15th. Zacks Investment Research raised Zebra Technologies from a “hold” rating to a “buy” rating and set a $422.00 price objective for the company in a research report on Tuesday, December 29th. Finally, Needham & Company LLC increased their price target on shares of Zebra Technologies from $320.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, November 4th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Zebra Technologies currently has an average rating of “Buy” and an average target price of $310.78.
The company has a quick ratio of 0.42, a current ratio of 0.79 and a debt-to-equity ratio of 0.55. The firm’s 50-day moving average is $382.29 and its 200-day moving average is $308.14. The company has a market cap of $21.99 billion, a PE ratio of 45.37 and a beta of 1.54.
In other Zebra Technologies news, Director Janice M. Roberts sold 2,670 shares of the firm’s stock in a transaction dated Thursday, December 17th. The shares were sold at an average price of $373.09, for a total transaction of $996,150.30. Following the transaction, the director now owns 10,193 shares of the company’s stock, valued at approximately $3,802,906.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael Cho sold 500 shares of the company’s stock in a transaction on Monday, December 14th. The stock was sold at an average price of $383.22, for a total value of $191,610.00. Following the sale, the senior vice president now owns 2,852 shares of the company’s stock, valued at approximately $1,092,943.44. The disclosure for this sale can be found here. Insiders have sold a total of 85,732 shares of company stock valued at $30,271,308 over the last quarter. Corporate insiders own 2.00% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Paces Ferry Wealth Advisors LLC purchased a new position in Zebra Technologies in the 3rd quarter valued at $31,000. CX Institutional lifted its holdings in Zebra Technologies by 329.0% in the 3rd quarter. CX Institutional now owns 133 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 102 shares in the last quarter. NuWave Investment Management LLC boosted its position in Zebra Technologies by 1,888.9% during the fourth quarter. NuWave Investment Management LLC now owns 179 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 170 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Zebra Technologies by 41.9% during the third quarter. Signaturefd LLC now owns 183 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 54 shares during the last quarter. Finally, Braun Bostich & Associates Inc. acquired a new stake in Zebra Technologies in the 3rd quarter worth about $49,000. Hedge funds and other institutional investors own 86.36% of the company’s stock.
About Zebra Technologies (NASDAQ:ZBRA)
Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. The company operates in two segments, Asset Intelligence & Tracking and Enterprise Visibility & Mobility.
Featured Story: What is the market perform rating?
Receive News & Ratings for Zebra Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zebra Technologies and related companies with MarketBeat.com's FREE daily email newsletter.