Insider Selling: Zebra Technologies Co. (NASDAQ:ZBRA) Insider Sells $341,690.00 in Stock

Zebra Technologies Co. (NASDAQ:ZBRA) insider Jeffrey F. Schmitz sold 1,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the completion of the transaction, the insider now directly owns 9,694 shares of the company’s stock, valued at $3,312,342.86. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Zebra Technologies Trading Up 0.3 %

Shares of NASDAQ:ZBRA opened at $344.14 on Monday. Zebra Technologies Co. has a 52-week low of $194.59 and a 52-week high of $372.93. The company has a market capitalization of $17.75 billion, a P/E ratio of 68.28 and a beta of 1.65. The company has a 50-day simple moving average of $318.62 and a 200 day simple moving average of $301.16. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.70. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the business posted $3.24 EPS. Zebra Technologies’s revenue was up .2% on a year-over-year basis. Sell-side analysts forecast that Zebra Technologies Co. will post 11.09 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Vertical Research assumed coverage on shares of Zebra Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 target price for the company. Barclays upped their target price on shares of Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. BNP Paribas upgraded shares of Zebra Technologies from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $258.00 to $305.00 in a research note on Thursday, June 13th. TD Cowen increased their price objective on shares of Zebra Technologies from $375.00 to $380.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Robert W. Baird increased their price objective on shares of Zebra Technologies from $355.00 to $375.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $349.64.

Institutional Investors Weigh In On Zebra Technologies

Several hedge funds have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Zebra Technologies in the 2nd quarter valued at about $27,000. Farmers & Merchants Investments Inc. raised its holdings in Zebra Technologies by 185.3% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 63 shares during the period. Transcendent Capital Group LLC bought a new position in Zebra Technologies in the 2nd quarter valued at about $32,000. BOK Financial Private Wealth Inc. bought a new position in Zebra Technologies in the 1st quarter valued at about $36,000. Finally, Massmutual Trust Co. FSB ADV raised its holdings in Zebra Technologies by 38.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 33 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Company Profile

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.