Zebra Technologies Target of Unusually Large Options Trading (ZBRA)
Zebra Technologies Corp. (NASDAQ:ZBRA) was the target of some unusual options trading on Thursday. Investors bought 1,249 call options on the company. This is an increase of approximately 1,543% compared to the average daily volume of 76 call options.
Several research firms recently commented on ZBRA. ValuEngine cut Zebra Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. BidaskClub raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Imperial Capital raised Zebra Technologies from an “in-line” rating to an “outperform” rating and increased their price target for the company from $95.00 to $120.00 in a report on Wednesday, November 29th. Zacks Investment Research cut Zebra Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, JPMorgan Chase & Co. increased their price target on Zebra Technologies to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 7th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $114.63.
In related news, SVP Michael Cho sold 1,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $110.15, for a total value of $110,150.00. Following the completion of the sale, the senior vice president now owns 10,426 shares of the company’s stock, valued at $1,148,423.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Frank Blaise Modruson purchased 1,540 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was bought at an average cost of $103.88 per share, with a total value of $159,975.20. Following the acquisition, the director now owns 12,556 shares of the company’s stock, valued at approximately $1,304,317.28. The disclosure for this purchase can be found here. 2.40% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the stock. Fieldpoint Private Securities LLC purchased a new position in shares of Zebra Technologies during the second quarter worth $136,000. Advisor Group Inc. boosted its position 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 worth $161,000 after buying an additional 13 shares during the period. Zions Bancorporation purchased a new position in shares of Zebra Technologies during the third quarter worth $180,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Zebra Technologies by 3.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,885 shares of the industrial products company’s stock worth $189,000 after buying an additional 71 shares during the period. Finally, ARP Americas LLC purchased a new position in shares of Zebra Technologies during the third quarter worth $202,000. Institutional investors own 89.65% of the company’s stock.
Zebra Technologies (NASDAQ:ZBRA) opened at $123.15 on Tuesday. The firm has a market capitalization of $6,550.00, a P/E ratio of 216.05, a P/E/G ratio of 2.21 and a beta of 1.59. Zebra Technologies has a 52-week low of $81.02 and a 52-week high of $123.66. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.22 and a quick ratio of 0.74.
Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.14. The company had revenue of $935.00 million during the quarter, compared to analyst estimates of $914.98 million. Zebra Technologies had a return on equity of 41.17% and a net margin of 0.82%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.43 earnings per share. analysts anticipate that Zebra Technologies will post 6.37 EPS for the current fiscal year.
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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