Shares of Zebra Technologies (NASDAQ:ZBRA) traded down 7.6% during trading on Monday . The stock traded as low as $180.98 and last traded at $181.01. 1,144,530 shares traded hands during trading, an increase of 127% from the average session volume of 503,102 shares. The stock had previously closed at $195.89.

Several analysts have recently commented on the stock. ValuEngine cut shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Monday. Zacks Investment Research raised shares of Zebra Technologies from a “hold” rating to a “buy” rating and set a $231.00 price target on the stock in a research note on Saturday. BidaskClub cut shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Imperial Capital reissued an “outperform” rating and set a $230.00 price target (up from $225.00) on shares of Zebra Technologies in a research note on Thursday, May 2nd. Finally, JPMorgan Chase & Co. raised shares of Zebra Technologies to an “overweight” rating and increased their price target for the company from $212.00 to $225.00 in a research note on Friday, March 15th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $215.75.

The company has a current ratio of 1.00, a quick ratio of 0.55 and a debt-to-equity ratio of 1.09. The company has a market cap of $9.77 billion, a P/E ratio of 18.10 and a beta of 1.42.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.88 by $0.04. Zebra Technologies had a net margin of 9.91% and a return on equity of 45.47%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the business posted $2.56 earnings per share. Zebra Technologies’s revenue was up 9.1% compared to the same quarter last year. Equities analysts anticipate that Zebra Technologies will post 11.82 EPS for the current fiscal year.

In related news, CFO Olivier Leonetti sold 3,303 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $199.24, for a total value of $658,089.72. Following the transaction, the chief financial officer now directly owns 24,425 shares in the company, valued at $4,866,437. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Anders Gustafsson sold 13,073 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $200.71, for a total transaction of $2,623,881.83. Following the completion of the transaction, the chief executive officer now owns 372,903 shares in the company, valued at $74,845,361.13. The disclosure for this sale can be found here. Insiders sold 114,894 shares of company stock worth $23,721,363 over the last 90 days. 1.77% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in ZBRA. Trust Co. of Vermont raised its holdings in Zebra Technologies by 125.0% in the first quarter. Trust Co. of Vermont now owns 135 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 75 shares during the period. PRW Wealth Management LLC acquired a new stake in Zebra Technologies in the fourth quarter worth $29,000. Lindbrook Capital LLC acquired a new stake in Zebra Technologies in the fourth quarter worth $35,000. Huntington National Bank raised its holdings in Zebra Technologies by 62.9% in the first quarter. Huntington National Bank now owns 202 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 78 shares during the period. Finally, Trustcore Financial Services LLC acquired a new stake in Zebra Technologies in the first quarter worth $42,000. Institutional investors and hedge funds own 88.59% of the company’s stock.

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Zebra Technologies Company Profile (NASDAQ:ZBRA)

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.

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