Zebra Technologies (NASDAQ:ZBRA) Hits New 52-Week High at $494.99
Zebra Technologies Co. (NASDAQ:ZBRA) hit a new 52-week high 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.
ZBRA has been the topic of several research analyst reports. Morgan Stanley upped their price objective on Zebra Technologies from $335.00 to $380.00 and gave the company an “equal weight” rating in a research note on Friday, February 12th. Needham & Company LLC upped 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. Zacks Investment Research raised shares of Zebra Technologies from a “hold” rating to a “buy” rating and set a $422.00 price target on the stock in a report on Tuesday, December 29th. Finally, UBS Group assumed coverage on Zebra Technologies in a research note on Friday, December 4th. They issued a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price 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 firm has a market cap of $26.32 billion, a PE ratio of 53.72 and a beta of 1.54. The company has a current ratio of 0.79, a quick ratio of 0.42 and a debt-to-equity ratio of 0.55.
In other news, CEO Anders Gustafsson sold 15,865 shares of the business’s stock in a transaction dated Tuesday, February 16th. The shares were sold at an average price of $479.39, for a total value of $7,605,522.35. Following the sale, the chief executive officer now directly owns 205,934 shares in the company, valued at approximately $98,722,700.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Janice M. Roberts sold 2,670 shares of the business’s stock in a transaction dated Thursday, December 17th. The stock was sold at an average price of $373.09, for a total transaction of $996,150.30. Following the completion of the sale, the director now owns 10,193 shares in the company, valued at $3,802,906.37. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,587 shares of company stock worth $11,611,141. 2.00% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of the company. V Wealth Advisors LLC bought a new position in Zebra Technologies during the 4th quarter valued at about $3,331,000. California State Teachers Retirement System grew its holdings in Zebra Technologies by 2.4% during the 3rd quarter. California State Teachers Retirement System now owns 95,883 shares of the industrial products company’s stock valued at $24,207,000 after purchasing an additional 2,227 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in Zebra Technologies by 25.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 6,440 shares of the industrial products company’s stock valued at $1,626,000 after purchasing an additional 1,300 shares during the last quarter. Squarepoint Ops LLC grew its holdings in Zebra Technologies by 116.1% during the 3rd quarter. Squarepoint Ops LLC now owns 56,728 shares of the industrial products company’s stock valued at $14,322,000 after purchasing an additional 30,478 shares during the last quarter. Finally, Guggenheim Capital LLC grew its holdings in Zebra Technologies by 185.5% during the 3rd quarter. Guggenheim Capital LLC now owns 27,951 shares of the industrial products company’s stock valued at $7,056,000 after purchasing an additional 18,160 shares during the last quarter. 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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