BidaskClub Downgrades Zebra Technologies (ZBRA) to Sell
Zebra Technologies (NASDAQ:ZBRA) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Friday.
A number of other equities research analysts have also commented on ZBRA. Zacks Investment Research upgraded Zebra Technologies from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a research report on Thursday, October 12th. Northcoast Research upgraded Zebra Technologies from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 31st. J P Morgan Chase & Co upped their price target on Zebra Technologies to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, November 7th. Wellington Shields upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, November 8th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $125.00 price target on shares of Zebra Technologies in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $114.88.
Shares of Zebra Technologies (ZBRA) opened at $104.14 on Friday. The firm has a market capitalization of $5,660.90, a price-to-earnings ratio of 17.11, a P/E/G ratio of 2.22 and a beta of 1.59. Zebra Technologies has a 52-week low of $81.02 and a 52-week high of $117.44. The company has a current ratio of 1.22, a quick ratio of 0.74 and a debt-to-equity ratio of 3.01.
In related news, Director Frank Blaise Modruson acquired 1,540 shares of the stock in a transaction dated Thursday, November 9th. The stock was purchased at an average cost of $103.88 per share, with a total value of $159,975.20. Following the completion of the purchase, the director now directly owns 12,556 shares in the company, valued at approximately $1,304,317.28. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Michael Cho sold 1,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $110.15, for a total value of $110,150.00. Following the completion of the sale, the senior vice president now directly owns 10,426 shares of the company’s stock, valued at $1,148,423.90. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in ZBRA. BlackRock Inc. grew its holdings in Zebra Technologies by 16.8% during the second quarter. BlackRock Inc. now owns 4,838,648 shares of the industrial products company’s stock valued at $486,381,000 after purchasing an additional 695,821 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Zebra Technologies by 10.4% in the second quarter. Vanguard Group Inc. now owns 4,545,495 shares of the industrial products company’s stock worth $456,913,000 after acquiring an additional 428,836 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Zebra Technologies by 22.0% in the third quarter. Bank of New York Mellon Corp now owns 1,812,341 shares of the industrial products company’s stock worth $196,784,000 after acquiring an additional 326,583 shares during the period. Janus Henderson Group PLC bought a new position in shares of Zebra Technologies in the second quarter worth $157,116,000. Finally, State Street Corp boosted its holdings in shares of Zebra Technologies by 1.4% in the second quarter. State Street Corp now owns 1,368,743 shares of the industrial products company’s stock worth $137,588,000 after acquiring an additional 18,299 shares during the period. 89.68% of the stock is owned by institutional investors.
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About Zebra Technologies
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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