Zebra Technologies (NASDAQ:ZBRA) Reaches New 12-Month High at $416.83


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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.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Sunday, November 8th. The industrial products company reported $3.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.46. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.07 billion. Zebra Technologies had a return on equity of 34.83% and a net margin of 11.41%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.43 EPS. As a group, equities research analysts anticipate that Zebra Technologies Co. will post 10.36 EPS for the current fiscal year.

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.

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