Zebra Technologies (ZBRA) Short Interest Update

Zebra Technologies (NASDAQ:ZBRA) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,050,564 shares, an increase of 77.8% from the October 15th total of 590,825 shares. Approximately 2.0% of the shares of the company are sold short. Based on an average daily trading volume, of 445,633 shares, the short-interest ratio is currently 2.4 days.

ZBRA has been the topic of several research analyst reports. JPMorgan Chase & Co. restated a “buy” rating and set a $180.00 target price on shares of Zebra Technologies in a research report on Friday, September 21st. BidaskClub lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, September 22nd. Imperial Capital boosted their target price on shares of Zebra Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, September 21st. Wellington Shields lowered shares of Zebra Technologies from a “buy” rating to a “gradually accumulate” rating in a research report on Friday, September 14th. Finally, Needham & Company LLC boosted their target price on shares of Zebra Technologies from $175.00 to $178.00 and gave the stock a “buy” rating in a research report on Thursday, August 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $168.33.

Shares of NASDAQ ZBRA opened at $181.50 on Friday. The firm has a market cap of $9.60 billion, a price-to-earnings ratio of 28.36 and a beta of 1.55. Zebra Technologies has a one year low of $101.49 and a one year high of $184.75. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.64 and a current ratio of 1.09.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $2.88 EPS for the quarter, topping the consensus estimate of $2.60 by $0.28. Zebra Technologies had a net margin of 7.55% and a return on equity of 49.81%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the firm earned $1.87 EPS. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. Analysts forecast that Zebra Technologies will post 9.62 EPS for the current year.

In related news, SVP Michael H. Terzich sold 3,097 shares of Zebra Technologies stock in a transaction on Monday, August 13th. The shares were sold at an average price of $162.16, for a total value of $502,209.52. Following the transaction, the senior vice president now directly owns 31,193 shares in the company, valued at approximately $5,058,256.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Hugh K. Gagnier sold 8,409 shares of the business’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $168.89, for a total transaction of $1,420,196.01. Following the sale, the senior vice president now owns 14,682 shares in the company, valued at $2,479,642.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,835 shares of company stock worth $8,892,693. 2.30% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board boosted its position in shares of Zebra Technologies by 48.3% in the 3rd quarter. Canada Pension Plan Investment Board now owns 189,008 shares of the industrial products company’s stock worth $33,422,000 after buying an additional 61,600 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Zebra Technologies by 17.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 4,752 shares of the industrial products company’s stock worth $809,000 after buying an additional 700 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Zebra Technologies by 24.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,261 shares of the industrial products company’s stock worth $753,000 after buying an additional 829 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new stake in shares of Zebra Technologies in the 3rd quarter worth about $1,684,000. Finally, FMR LLC boosted its position in shares of Zebra Technologies by 208.6% in the 3rd quarter. FMR LLC now owns 698,886 shares of the industrial products company’s stock worth $123,585,000 after buying an additional 472,441 shares in the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

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Zebra Technologies Company Profile

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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