Zebra Technologies Co. (NASDAQ:ZBRA) was the target of a significant drop in short interest in October. As of October 30th, there was short interest totalling 517,100 shares, a drop of 17.5% from the October 15th total of 626,700 shares. Based on an average daily trading volume, of 319,300 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.0% of the shares of the company are sold short.

A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Zebra Technologies from a “hold” rating to a “buy” rating and set a $314.00 price objective on the stock in a report on Friday, August 7th. JPMorgan Chase & Co. lifted their price objective on Zebra Technologies from $280.00 to $296.00 and gave the company a “neutral” rating in a report on Thursday, October 15th. They noted that the move was a valuation call. Needham & Company LLC lifted their price objective on Zebra Technologies from $320.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, November 4th. Wolfe Research assumed coverage on Zebra Technologies in a report on Tuesday, August 25th. They set an “outperform” rating and a $309.00 price objective on the stock. Finally, Stephens assumed coverage on Zebra Technologies in a report on Friday, October 16th. They set an “overweight” rating and a $375.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $289.33.

In related news, SVP Bill Burns sold 5,371 shares of Zebra Technologies stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $294.67, for a total transaction of $1,582,672.57. Following the sale, the senior vice president now directly owns 11,388 shares of the company’s stock, valued at $3,355,701.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Joachim Heel sold 3,000 shares of Zebra Technologies stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $361.10, for a total value of $1,083,300.00. Following the sale, the senior vice president now directly owns 36,071 shares in the company, valued at $13,025,238.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,944 shares of company stock worth $23,473,398. 2.00% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of ZBRA. Valeo Financial Advisors LLC raised its position in Zebra Technologies by 1,266.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 123 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 114 shares during the last quarter. Paces Ferry Wealth Advisors LLC bought a new position in Zebra Technologies in the 3rd quarter valued at about $31,000. Signaturefd LLC raised its holdings in Zebra Technologies by 48.3% in the 2nd quarter. Signaturefd LLC now owns 129 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 42 shares during the period. CX Institutional raised its holdings in Zebra Technologies by 329.0% in the 3rd quarter. CX Institutional now owns 133 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 102 shares during the period. Finally, Braun Bostich & Associates Inc. bought a new position in Zebra Technologies in the 3rd quarter valued at about $49,000. Institutional investors own 86.36% of the company’s stock.

NASDAQ:ZBRA opened at $354.99 on Friday. Zebra Technologies has a 1 year low of $150.06 and a 1 year high of $367.66. The firm has a 50 day moving average of $304.91 and a 200-day moving average of $272.52. The company has a current ratio of 0.79, a quick ratio of 0.42 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $18.93 billion, a P/E ratio of 39.05 and a beta of 1.54.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Sunday, November 8th. The industrial products company reported $3.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.46. Zebra Technologies had a net margin of 11.41% and a return on equity of 34.83%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the company posted $3.43 earnings per share. Zebra Technologies’s quarterly revenue was up .2% compared to the same quarter last year. As a group, analysts forecast that Zebra Technologies will post 10.36 EPS for the current fiscal year.

About Zebra Technologies

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. The company operates in two segments, Asset Intelligence & Tracking and Enterprise Visibility & Mobility.

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