Zebra Technologies (NASDAQ:ZBRA) Reaches New 12-Month High at $325.19

Zebra Technologies Co. (NASDAQ:ZBRA - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $325.19 and last traded at $324.43, with a volume of 20572 shares trading hands. The stock had previously closed at $321.78.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Stephens raised their price objective on Zebra Technologies from $335.00 to $380.00 and gave the company an "overweight" rating in a report on Wednesday, May 1st. Barclays initiated coverage on shares of Zebra Technologies in a research note on Tuesday, April 2nd. They set an "equal weight" rating and a $292.00 price objective for the company. Truist Financial reissued a "hold" rating and issued a $315.00 target price (up from $300.00) on shares of Zebra Technologies in a research note on Wednesday, May 1st. Robert W. Baird increased their price target on Zebra Technologies from $312.00 to $330.00 and gave the company an "outperform" rating in a report on Wednesday, May 1st. Finally, Needham & Company LLC lifted their price objective on Zebra Technologies from $352.00 to $370.00 and gave the stock a "buy" rating in a research report on Thursday, May 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $312.27.

Zebra Technologies Stock Up 1.6 %

The stock has a market capitalization of $16.81 billion, a price-to-earnings ratio of 63.85 and a beta of 1.76. The business has a 50-day moving average of $298.38 and a 200-day moving average of $268.33. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.99.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, beating analysts' consensus estimates of $2.13 by $0.71. The business had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.15 billion. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The business's revenue for the quarter was down 16.4% on a year-over-year basis. During the same period last year, the business earned $3.59 earnings per share. On average, sell-side analysts expect that Zebra Technologies Co. will post 10.47 EPS for the current year.

Insider Activity

In other news, CAO Colleen M. O'sullivan sold 135 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $279.36, for a total transaction of $37,713.60. Following the sale, the chief accounting officer now owns 5,543 shares of the company's stock, valued at $1,548,492.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Michael Cho sold 1,657 shares of Zebra Technologies stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total value of $531,085.07. Following the completion of the transaction, the insider now owns 3,809 shares in the company, valued at $1,220,822.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Colleen M. O'sullivan sold 135 shares of the business's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total transaction of $37,713.60. Following the transaction, the chief accounting officer now owns 5,543 shares of the company's stock, valued at approximately $1,548,492.48. The disclosure for this sale can be found here. Insiders own 1.04% of the company's stock.

Institutional Investors Weigh In On Zebra Technologies

Several institutional investors have recently modified their holdings of ZBRA. Metis Global Partners LLC lifted its holdings in Zebra Technologies by 20.0% during the 3rd quarter. Metis Global Partners LLC now owns 1,865 shares of the industrial products company's stock worth $441,000 after buying an additional 311 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Zebra Technologies by 218.3% in the third quarter. Victory Capital Management Inc. now owns 126,686 shares of the industrial products company's stock valued at $29,965,000 after purchasing an additional 86,888 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Zebra Technologies by 487.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 64,202 shares of the industrial products company's stock valued at $17,548,000 after purchasing an additional 53,265 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Zebra Technologies by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 308,010 shares of the industrial products company's stock worth $84,188,000 after purchasing an additional 11,803 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Zebra Technologies by 35.8% during the 4th quarter. BNP Paribas Financial Markets now owns 36,427 shares of the industrial products company's stock worth $9,957,000 after buying an additional 9,612 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Company Profile

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.