Zebra Technologies Co. (NASDAQ:ZBRA) CFO Sells $701,238.01 in Stock

Zebra Technologies Co. (NASDAQ:ZBRA) CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the sale, the chief financial officer now owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Zebra Technologies Price Performance

NASDAQ ZBRA opened at $394.02 on Thursday. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The company has a market cap of $20.32 billion, a PE ratio of 53.61 and a beta of 1.64. Zebra Technologies Co. has a 52 week low of $201.43 and a 52 week high of $403.78. The firm’s 50-day simple moving average is $361.54 and its two-hundred day simple moving average is $333.34.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the company posted $0.57 EPS. Zebra Technologies’s revenue was up 31.3% compared to the same quarter last year. Research analysts predict that Zebra Technologies Co. will post 12.26 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on ZBRA. Stephens upped their price objective on shares of Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Needham & Company LLC upped their target price on Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Vertical Research began coverage on Zebra Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price target on the stock. Morgan Stanley upped their price objective on Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a research note on Wednesday, October 30th. Finally, Robert W. Baird lifted their target price on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Zebra Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $385.18.

Hedge Funds Weigh In On Zebra Technologies

Several hedge funds have recently made changes to their positions in the stock. Concord Wealth Partners bought a new position in Zebra Technologies in the 3rd quarter worth about $30,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Zebra Technologies in the second quarter valued at approximately $27,000. Farmers & Merchants Investments Inc. increased its holdings in Zebra Technologies by 185.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 63 shares during the period. Transcendent Capital Group LLC purchased a new stake in Zebra Technologies in the 2nd quarter worth approximately $32,000. Finally, Blue Trust Inc. grew its position in shares of Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 67 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

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.