Anders Gustafsson Sells 25,000 Shares of Zebra Technologies Corporation (ZBRA) Stock
Zebra Technologies Corporation (NASDAQ:ZBRA) CEO Anders Gustafsson sold 25,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $106.04, for a total transaction of $2,651,000.00. Following the transaction, the chief executive officer now owns 295,116 shares in the company, valued at approximately $31,294,100.64. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Zebra Technologies Corporation (ZBRA) traded up 0.32% during midday trading on Wednesday, hitting $106.44. 508,812 shares of the stock traded hands. Zebra Technologies Corporation has a 12 month low of $62.91 and a 12 month high of $109.30. The company has a 50-day moving average of $100.81 and a 200-day moving average of $95.73. The stock’s market cap is $5.65 billion.
Zebra Technologies Corporation (NASDAQ:ZBRA) last released its earnings results on Tuesday, August 8th. The industrial products company reported $1.51 EPS for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.17. Zebra Technologies Corporation had a positive return on equity of 38.88% and a negative net margin of 1.14%. The firm had revenue of $897 million during the quarter, compared to the consensus estimate of $876.90 million. During the same quarter in the previous year, the company posted $1.34 earnings per share. The company’s revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that Zebra Technologies Corporation will post $6.63 earnings per share for the current year.
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Large investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC purchased a new stake in Zebra Technologies Corporation during the second quarter worth approximately $100,000. Meadow Creek Investment Management LLC increased its stake in Zebra Technologies Corporation by 3.8% in the first quarter. Meadow Creek Investment Management LLC now owns 1,312 shares of the industrial products company’s stock worth $120,000 after buying an additional 48 shares during the period. Fieldpoint Private Securities LLC purchased a new stake in Zebra Technologies Corporation during the second quarter worth approximately $136,000. Quantbot Technologies LP purchased a new stake in Zebra Technologies Corporation during the first quarter worth approximately $140,000. Finally, Advisor Group Inc. increased its stake in Zebra Technologies Corporation by 0.8% in the second quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock worth $161,000 after buying an additional 13 shares during the period. 94.85% of the stock is owned by hedge funds and other institutional investors.
ZBRA has been the topic of several research analyst reports. Zacks Investment Research cut shares of Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Morgan Stanley lowered shares of Zebra Technologies Corporation from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $95.00 to $100.00 in a research report on Wednesday, May 31st. They noted that the move was a valuation call. Wells Fargo & Company lowered shares of Zebra Technologies Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 10th. ValuEngine lowered shares of Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $107.00 price target on shares of Zebra Technologies Corporation in a research report on Monday, May 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $98.07.
About Zebra Technologies Corporation
Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.
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