Zebra Technologies (NASDAQ:ZBRA) Director Chirantan Jitendra Desai Sells 1,978 Shares

Zebra Technologies (NASDAQ:ZBRA) Director Chirantan Jitendra Desai sold 1,978 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $206.60, for a total transaction of $408,654.80. Following the completion of the transaction, the director now directly owns 5,955 shares of the company’s stock, valued at approximately $1,230,303. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

ZBRA stock traded down $4.25 during midday trading on Thursday, reaching $201.54. The company had a trading volume of 11,192 shares, compared to its average volume of 533,195. Zebra Technologies has a 1 year low of $140.95 and a 1 year high of $237.15. The company has a current ratio of 0.99, a quick ratio of 0.59 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $11.10 billion, a P/E ratio of 19.71 and a beta of 1.61. The company has a 50 day moving average of $201.03 and a two-hundred day moving average of $201.14.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, July 30th. The industrial products company reported $3.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.32. Zebra Technologies had a net margin of 10.95% and a return on equity of 43.60%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the firm earned $2.48 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Zebra Technologies will post 12.1 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in ZBRA. FMR LLC lifted its position in Zebra Technologies by 34.3% in the 1st quarter. FMR LLC now owns 3,247,706 shares of the industrial products company’s stock worth $680,491,000 after buying an additional 829,462 shares in the last quarter. APG Asset Management N.V. lifted its position in Zebra Technologies by 491.7% in the 2nd quarter. APG Asset Management N.V. now owns 687,000 shares of the industrial products company’s stock worth $126,378,000 after buying an additional 570,900 shares in the last quarter. BlackRock Inc. lifted its position in Zebra Technologies by 7.6% in the 2nd quarter. BlackRock Inc. now owns 5,273,689 shares of the industrial products company’s stock worth $1,104,785,000 after buying an additional 372,156 shares in the last quarter. Invesco Ltd. lifted its position in Zebra Technologies by 81.9% in the 2nd quarter. Invesco Ltd. now owns 722,770 shares of the industrial products company’s stock worth $151,413,000 after buying an additional 325,532 shares in the last quarter. Finally, Marshall Wace North America L.P. lifted its position in Zebra Technologies by 1,547.8% in the 2nd quarter. Marshall Wace North America L.P. now owns 297,502 shares of the industrial products company’s stock worth $62,323,000 after buying an additional 279,447 shares in the last quarter. Institutional investors own 89.31% of the company’s stock.

A number of research firms recently commented on ZBRA. Zacks Investment Research lowered shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, July 20th. Wellington Shields lowered shares of Zebra Technologies from a “gradually accumulate” rating to a “hold” rating in a research note on Thursday, July 18th. Imperial Capital reaffirmed an “outperform” rating and issued a $245.00 price objective (up previously from $230.00) on shares of Zebra Technologies in a research note on Thursday, August 1st. ValuEngine raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Finally, BidaskClub lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Zebra Technologies has a consensus rating of “Buy” and an average target price of $225.43.

About Zebra Technologies

Zebra (NASDAQ: ZBRA) empowers the front line of business in retail/ecommerce, manufacturing, transportation and logistics, healthcare and other industries to achieve a performance edge. With more than 10,000 partners across 100 countries, they deliver industry-tailored, end-to-end solutions that intelligently connect people, assets and data to help our customers make business-critical decisions. Their market-leading solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care.

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