Insider Buying: Zebra Technologies Co. (NASDAQ:ZBRA) Director Buys 500 Shares of Stock

Zebra Technologies Co. (NASDAQ:ZBRA) Director Anders Gustafsson purchased 500 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average price of $311.00 per share, with a total value of $155,500.00. Following the purchase, the director now owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. The trade was a 0.25 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA traded up $0.79 during mid-day trading on Tuesday, reaching $310.34. 453,122 shares of the company traded hands, compared to its average volume of 575,865. Zebra Technologies Co. has a fifty-two week low of $266.75 and a fifty-two week high of $427.76. The firm has a market cap of $15.94 billion, a PE ratio of 30.49 and a beta of 1.63. The stock has a fifty day simple moving average of $380.09 and a 200-day simple moving average of $373.71. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Equities research analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on ZBRA. Robert W. Baird dropped their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. TD Cowen increased their target price on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. UBS Group lowered their price target on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Finally, Barclays reduced their price objective on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $381.42.

Institutional Investors Weigh In On Zebra Technologies

A number of institutional investors and hedge funds have recently modified their holdings of ZBRA. Creative Financial Designs Inc. ADV lifted its holdings in shares of Zebra Technologies by 102.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 36 shares during the last quarter. Investment Management Corp VA ADV purchased a new stake in Zebra Technologies during the fourth quarter valued at about $27,000. Sierra Ocean LLC purchased a new stake in Zebra Technologies during the fourth quarter valued at about $28,000. Concord Wealth Partners acquired a new position in shares of Zebra Technologies in the third quarter worth about $30,000. Finally, Picton Mahoney Asset Management purchased a new position in shares of Zebra Technologies in the fourth quarter worth approximately $31,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

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.