Insider Selling: Zebra Technologies (ZBRA) Director Sells 9,500 Shares of Stock

Zebra Technologies (NASDAQ:ZBRA) Director Richard L. Keyser sold 9,500 shares of Zebra Technologies stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $210.96, for a total value of $2,004,120.00. Following the transaction, the director now directly owns 46,916 shares in the company, valued at approximately $9,897,399.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ZBRA stock traded down $1.27 during midday trading on Friday, hitting $211.40. The company’s stock had a trading volume of 495,103 shares, compared to its average volume of 493,917. The company has a current ratio of 0.89, a quick ratio of 0.49 and a debt-to-equity ratio of 1.07. Zebra Technologies has a 1 year low of $130.79 and a 1 year high of $213.17. The stock has a market cap of $11.35 billion, a P/E ratio of 20.66 and a beta of 1.45.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Thursday, February 14th. The industrial products company reported $3.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.84 by $0.26. Zebra Technologies had a return on equity of 48.26% and a net margin of 9.98%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the firm earned $2.33 earnings per share. The business’s revenue was up 10.8% on a year-over-year basis. As a group, analysts forecast that Zebra Technologies will post 11.73 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of ZBRA. FMR LLC boosted its position in Zebra Technologies by 246.0% in the fourth quarter. FMR LLC now owns 2,418,244 shares of the industrial products company’s stock worth $385,057,000 after purchasing an additional 1,719,358 shares during the last quarter. Norges Bank purchased a new position in shares of Zebra Technologies during the 4th quarter valued at $83,320,000. Congress Asset Management Co. MA purchased a new position in shares of Zebra Technologies during the 4th quarter valued at $74,283,000. Scout Investments Inc. purchased a new position in shares of Zebra Technologies during the 4th quarter valued at $51,773,000. Finally, Vanguard Group Inc lifted its position in shares of Zebra Technologies by 5.1% during the 3rd quarter. Vanguard Group Inc now owns 5,404,969 shares of the industrial products company’s stock valued at $955,760,000 after buying an additional 263,478 shares during the last quarter. 86.68% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently issued reports on ZBRA shares. Wellington Shields raised Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, December 27th. BidaskClub raised Zebra Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 8th. Zacks Investment Research cut Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, January 12th. Needham & Company LLC reissued a “buy” rating and issued a $215.00 price objective (up previously from $192.00) on shares of Zebra Technologies in a research report on Friday, February 15th. They noted that the move was a valuation call. Finally, ValuEngine raised Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, November 28th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $215.00.

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About Zebra Technologies

With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.

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