Zebra Technologies Co. (NASDAQ:ZBRA) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $494.99 and last traded at $494.99, with a volume of 8223 shares. The stock had previously closed at $488.31.
A number of analysts recently issued reports on ZBRA shares. Needham & Company LLC increased their price target on shares of Zebra Technologies from $445.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, February 12th. Morgan Stanley increased their price objective on shares of Zebra Technologies from $335.00 to $380.00 and gave the company an “equal weight” rating in a report on Friday, February 12th. Zacks Investment Research raised shares of Zebra Technologies from a “hold” rating to a “buy” rating and set a $422.00 price objective on the stock in a report on Tuesday, December 29th. Finally, UBS Group initiated coverage on shares of Zebra Technologies in a report on Friday, December 4th. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $335.22.
The company’s 50 day moving average price is $421.43 and its two-hundred day moving average price is $339.88. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.79 and a quick ratio of 0.42. The stock has a market capitalization of $26.32 billion, a PE ratio of 53.72 and a beta of 1.54.
In related news, SVP Michael Cho sold 500 shares of the firm’s stock in a transaction dated Monday, December 14th. The shares were sold at an average price of $383.22, for a total transaction of $191,610.00. Following the completion of the sale, the senior vice president now directly owns 2,852 shares in the company, valued at $1,092,943.44. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Anders Gustafsson sold 15,865 shares of the firm’s stock in a transaction dated Tuesday, February 16th. The stock was sold at an average price of $479.39, for a total transaction of $7,605,522.35. Following the sale, the chief executive officer now owns 205,934 shares of the company’s stock, valued at $98,722,700.26. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,587 shares of company stock worth $11,611,141. Insiders own 2.00% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Ancora Advisors LLC increased its position in Zebra Technologies by 47.9% during the fourth quarter. Ancora Advisors LLC now owns 71 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 23 shares during the last quarter. Paces Ferry Wealth Advisors LLC acquired a new stake in Zebra Technologies during the third quarter worth about $31,000. Adirondack Trust Co. increased its position in Zebra Technologies by 166.7% during the fourth quarter. Adirondack Trust Co. now owns 80 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 50 shares during the last quarter. TD Ameritrade Investment Management LLC acquired a new stake in Zebra Technologies during the fourth quarter worth about $37,000. Finally, Tortoise Investment Management LLC acquired a new stake in Zebra Technologies during the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 86.36% of the company’s stock.
Zebra Technologies Company Profile (NASDAQ:ZBRA)
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, which produce labels, wristbands, tickets, receipts, and plastic cards; RFID printers and encoders; accessories and options for its printers, including 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, as well as self-laminating wristbands for use in laser printers.
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