Zebra Technologies Co. (NASDAQ:ZBRA) Director Anders Gustafsson Buys 500 Shares

Zebra Technologies Co. (NASDAQ:ZBRA) Director Anders Gustafsson bought 500 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average cost of $311.00 per share, with a total value of $155,500.00. Following the completion of the transaction, the director now directly owns 202,176 shares in the company, valued at $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA opened at $311.00 on Friday. The company has a market capitalization of $15.98 billion, a P/E ratio of 30.55 and a beta of 1.63. The company’s 50-day moving average is $375.63 and its 200 day moving average is $372.83. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. Zebra Technologies Co. has a fifty-two week low of $266.75 and a fifty-two week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. On average, equities research analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Institutional Trading of Zebra Technologies

A number of large investors have recently bought and sold shares of the company. Creative Financial Designs Inc. ADV lifted its position in shares of Zebra Technologies by 102.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock valued at $27,000 after buying an additional 36 shares during the last quarter. Investment Management Corp VA ADV bought a new stake in Zebra Technologies in the 4th quarter valued at about $27,000. Sierra Ocean LLC purchased a new stake in Zebra Technologies during the fourth quarter valued at about $28,000. Concord Wealth Partners bought a new position in Zebra Technologies during the third quarter worth about $30,000. Finally, Picton Mahoney Asset Management purchased a new position in shares of Zebra Technologies in the fourth quarter worth about $31,000. 91.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ZBRA shares. UBS Group decreased their price objective on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Citigroup assumed coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price objective on the stock. Needham & Company LLC reduced their price objective on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a report on Friday, February 14th. Truist Financial lowered their target price on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Finally, Barclays cut their price target on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $381.42.

Zebra Technologies Company Profile

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 that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, 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.