Zebra Technologies (ZBRA) Shares Down 7.6%
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.
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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