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 on Monday, February 24th. The shares were purchased at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the purchase, the director now owns 202,176 shares in the company, valued at $62,876,736. This trade represents a 0.25 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Zebra Technologies Trading Up 0.3 %

ZBRA stock opened at $310.34 on Wednesday. The firm has a fifty day moving average price of $380.09 and a 200 day moving average price of $373.71. Zebra Technologies Co. has a fifty-two week low of $266.75 and a fifty-two week high of $427.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. The firm has a market cap of $15.94 billion, a PE ratio of 30.49 and a beta of 1.63.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.23). The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Sell-side analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ZBRA shares. Robert W. Baird reduced their price objective on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Barclays reduced their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Truist Financial reduced their price objective on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Morgan Stanley reduced their price objective on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Finally, TD Cowen lifted their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Zebra Technologies has an average rating of “Moderate Buy” and a consensus price target of $381.42.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. purchased a new position in Zebra Technologies during the fourth quarter worth $263,000. Polar Asset Management Partners Inc. boosted its stake in Zebra Technologies by 148.7% during the fourth quarter. Polar Asset Management Partners Inc. now owns 9,700 shares of the industrial products company’s stock worth $3,746,000 after buying an additional 5,800 shares during the period. Forum Financial Management LP purchased a new position in Zebra Technologies during the fourth quarter worth $359,000. Castlekeep Investment Advisors LLC purchased a new position in Zebra Technologies during the fourth quarter worth $2,983,000. Finally, Toronto Dominion Bank boosted its stake in Zebra Technologies by 21.0% during the fourth quarter. Toronto Dominion Bank now owns 27,609 shares of the industrial products company’s stock worth $10,663,000 after buying an additional 4,796 shares during the period. 91.03% of the stock is owned by hedge funds and other institutional investors.

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. 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.