Zebra Technologies (NASDAQ:ZBRA) CMO Jeffrey F. Schmitz sold 1,382 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $212.95, for a total value of $294,296.90. Following the transaction, the chief marketing officer now directly owns 10,748 shares in the company, valued at approximately $2,288,786.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of ZBRA opened at $211.40 on Friday. Zebra Technologies has a twelve month low of $130.79 and a twelve month high of $216.78. The company has a market capitalization of $11.39 billion, a price-to-earnings ratio of 20.66 and a beta of 1.45. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.49 and a current ratio of 0.89.
Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Thursday, February 14th. The industrial products company reported $3.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.84 by $0.26. Zebra Technologies had a return on equity of 48.26% and a net margin of 9.98%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the company earned $2.33 EPS. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. Analysts expect that Zebra Technologies will post 11.73 EPS for the current year.
Hedge funds have recently bought and sold shares of the company. Oppenheimer & Co. Inc. acquired a new stake in shares of Zebra Technologies during the 4th quarter valued at approximately $812,000. LPL Financial LLC lifted its position in shares of Zebra Technologies by 23.3% during the 3rd quarter. LPL Financial LLC now owns 3,533 shares of the industrial products company’s stock valued at $625,000 after acquiring an additional 668 shares during the period. Robecosam AG lifted its position in shares of Zebra Technologies by 7.9% during the 4th quarter. Robecosam AG now owns 11,022 shares of the industrial products company’s stock valued at $1,719,000 after acquiring an additional 806 shares during the period. Nordea Investment Management AB lifted its position in shares of Zebra Technologies by 31.5% during the 3rd quarter. Nordea Investment Management AB now owns 28,990 shares of the industrial products company’s stock valued at $5,125,000 after acquiring an additional 6,947 shares during the period. Finally, MAI Capital Management acquired a new stake in shares of Zebra Technologies during the 4th quarter valued at approximately $582,000. Institutional investors own 86.68% of the company’s stock.
A number of equities research analysts have weighed in on the company. Wellington Shields raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, December 27th. BidaskClub raised Zebra Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday, February 8th. Zacks Investment Research lowered Zebra Technologies from a “buy” rating to a “hold” rating in a report on Saturday, January 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $215.00 price objective (up previously from $192.00) on shares of Zebra Technologies in a report on Friday, February 15th. They noted that the move was a valuation call. Finally, ValuEngine raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, November 28th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $215.00.
About Zebra Technologies
With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.
Further Reading: Market Capitalization in the Stock Market
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