Zebra Technologies (NASDAQ:ZBRA) was the recipient of some unusual options trading on Thursday. Traders bought 1,451 put options on the stock. This is an increase of 1,381% compared to the typical volume of 98 put options.
Shares of NASDAQ ZBRA opened at $233.32 on Friday. The company has a market capitalization of $12.58 billion, a P/E ratio of 25.98 and a beta of 1.73. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.94 and a quick ratio of 0.58. The company has a 50 day simple moving average of $250.07 and a 200-day simple moving average of $227.58. Zebra Technologies has a 1 year low of $166.15 and a 1 year high of $260.40.
Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.56 EPS for the quarter, missing analysts’ consensus estimates of $3.65 by ($0.09). The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.20 billion. Zebra Technologies had a net margin of 11.06% and a return on equity of 42.17%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.10 earnings per share. As a group, research analysts expect that Zebra Technologies will post 12.16 EPS for the current year.
In other news, Director Andrew K. Ludwick sold 500 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $237.01, for a total value of $118,505.00. Following the completion of the sale, the director now directly owns 2,005 shares in the company, valued at $475,205.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Stephen Edgar Williams sold 775 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $256.65, for a total value of $198,903.75. Following the completion of the sale, the senior vice president now owns 5,005 shares of the company’s stock, valued at $1,284,533.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,247 shares of company stock valued at $4,667,332. 1.77% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its holdings in Zebra Technologies by 62.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 445,050 shares of the industrial products company’s stock valued at $113,684,000 after buying an additional 171,016 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Zebra Technologies by 9.8% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 469,303 shares of the industrial products company’s stock worth $119,878,000 after purchasing an additional 41,941 shares during the period. Meeder Asset Management Inc. increased its holdings in Zebra Technologies by 207.3% during the 4th quarter. Meeder Asset Management Inc. now owns 3,949 shares of the industrial products company’s stock worth $1,008,000 after purchasing an additional 2,664 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in Zebra Technologies in the 4th quarter valued at about $705,000. Finally, Oxford Asset Management LLP acquired a new stake in Zebra Technologies in the 4th quarter valued at about $2,040,000. 86.73% of the stock is currently owned by institutional investors and hedge funds.
ZBRA has been the topic of a number of analyst reports. Robert W. Baird lifted their price objective on Zebra Technologies from $235.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. BidaskClub cut Zebra Technologies from a “buy” rating to a “hold” rating in a report on Friday, January 10th. Needham & Company LLC raised their target price on Zebra Technologies from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Zacks Investment Research upgraded Zebra Technologies from a “sell” rating to a “hold” rating in a report on Saturday, October 19th. Finally, ValuEngine lowered Zebra Technologies from a “hold” rating to a “sell” rating in a report on Saturday, January 4th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $249.63.
Zebra Technologies Company Profile
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.
Further Reading: Asset Allocation, Balancing Your Investments
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