Zebra Technologies Target of Unusually Large Options Trading (ZBRA)

Zebra Technologies Corp. (NASDAQ:ZBRA) was the target of some unusual options trading on Thursday. Traders acquired 1,249 call options on the stock. This represents an increase of approximately 1,543% compared to the average volume of 76 call options.

A number of analysts have recently commented on ZBRA shares. Zacks Investment Research upgraded Zebra Technologies from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a research note on Thursday, October 12th. Robert W. Baird restated a “buy” rating and issued a $125.00 target price on shares of Zebra Technologies in a research note on Friday, November 10th. BidaskClub upgraded Zebra Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. Northcoast Research upgraded Zebra Technologies from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Finally, Wellington Shields upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, November 8th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $114.63.

In other news, SVP Michael Cho sold 1,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $110.15, for a total value of $110,150.00. Following the sale, the senior vice president now owns 10,426 shares in the company, valued at $1,148,423.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank Blaise Modruson bought 1,540 shares of the stock in a transaction dated Thursday, November 9th. The stock was bought at an average price of $103.88 per share, for a total transaction of $159,975.20. Following the purchase, the director now directly owns 12,556 shares of the company’s stock, valued at $1,304,317.28. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the business. State Street Corp raised its holdings in shares of Zebra Technologies by 1.4% during the second quarter. State Street Corp now owns 1,368,743 shares of the industrial products company’s stock valued at $137,588,000 after acquiring an additional 18,299 shares during the last quarter. Advisor Group Inc. raised its holdings in shares of Zebra Technologies by 0.8% during the second quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock valued at $161,000 after acquiring an additional 13 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Zebra Technologies by 1.4% during the second quarter. The Manufacturers Life Insurance Company now owns 77,463 shares of the industrial products company’s stock valued at $7,786,000 after acquiring an additional 1,095 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Zebra Technologies by 3.8% during the third quarter. Ameriprise Financial Inc. now owns 168,618 shares of the industrial products company’s stock valued at $18,308,000 after acquiring an additional 6,143 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Zebra Technologies by 44.6% during the third quarter. JPMorgan Chase & Co. now owns 123,592 shares of the industrial products company’s stock valued at $13,476,000 after acquiring an additional 38,129 shares during the last quarter. Institutional investors own 89.65% of the company’s stock.

Zebra Technologies (ZBRA) opened at $123.15 on Tuesday. The stock has a market capitalization of $6,550.00, a P/E ratio of 216.05, a price-to-earnings-growth ratio of 2.21 and a beta of 1.59. The company has a current ratio of 1.22, a quick ratio of 0.74 and a debt-to-equity ratio of 3.01. Zebra Technologies has a 1 year low of $81.02 and a 1 year high of $123.66.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.14. The company had revenue of $935.00 million for the quarter, compared to the consensus estimate of $914.98 million. Zebra Technologies had a return on equity of 41.17% and a net margin of 0.82%. Zebra Technologies’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.43 earnings per share. equities analysts forecast that Zebra Technologies will post 6.37 EPS for the current fiscal year.

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Zebra Technologies Company Profile

Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.

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