Zebra Technologies (ZBRA) Short Interest Down 39.4% in March

Zebra Technologies (NASDAQ:ZBRA) was the target of a large decrease in short interest in March. As of March 29th, there was short interest totalling 665,225 shares, a decrease of 39.4% from the March 15th total of 1,097,140 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 364,326 shares, the short-interest ratio is currently 1.8 days.

ZBRA has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating and set a $128.00 price objective for the company in a research report on Saturday, January 13th. Morgan Stanley reiterated an “equal weight” rating and set a $125.00 target price (up previously from $108.00) on shares of Zebra Technologies in a report on Friday, February 23rd. BidaskClub upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a report on Saturday, January 13th. ValuEngine cut Zebra Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, Wells Fargo reiterated a “market perform” rating and set a $140.00 target price (up previously from $112.00) on shares of Zebra Technologies in a report on Tuesday, February 27th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $139.89.

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ZBRA stock opened at $141.79 on Tuesday. The stock has a market cap of $7,536.67, a price-to-earnings ratio of 22.15, a PEG ratio of 2.17 and a beta of 1.45. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.06 and a quick ratio of 0.61. Zebra Technologies has a 1 year low of $87.27 and a 1 year high of $148.71.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Thursday, February 22nd. The industrial products company reported $2.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.12 by $0.21. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $984.33 million. Zebra Technologies had a return on equity of 42.96% and a net margin of 0.46%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.93 EPS. sell-side analysts forecast that Zebra Technologies will post 8.68 earnings per share for the current year.

In related news, CEO Anders Gustafsson sold 42,557 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $141.26, for a total value of $6,011,601.82. Following the completion of the sale, the chief executive officer now owns 311,338 shares in the company, valued at approximately $43,979,605.88. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Jim L. Kaput sold 4,884 shares of the company’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $145.24, for a total transaction of $709,352.16. Following the completion of the sale, the senior vice president now owns 23,374 shares of the company’s stock, valued at approximately $3,394,839.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,780 shares of company stock valued at $8,029,513. 2.30% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in shares of Zebra Technologies by 8.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,964,763 shares of the industrial products company’s stock worth $203,942,000 after buying an additional 152,422 shares during the last quarter. Makaira Partners LLC boosted its stake in shares of Zebra Technologies by 6.1% during the 4th quarter. Makaira Partners LLC now owns 1,275,980 shares of the industrial products company’s stock worth $132,447,000 after buying an additional 72,800 shares during the last quarter. Jackson Square Partners LLC boosted its stake in shares of Zebra Technologies by 1.7% during the 4th quarter. Jackson Square Partners LLC now owns 793,062 shares of the industrial products company’s stock worth $82,319,000 after buying an additional 13,316 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Zebra Technologies by 7.9% during the 4th quarter. Geode Capital Management LLC now owns 504,657 shares of the industrial products company’s stock worth $52,382,000 after buying an additional 36,962 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Zebra Technologies by 3.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 473,296 shares of the industrial products company’s stock worth $51,391,000 after buying an additional 14,033 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

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About Zebra Technologies

Zebra Technologies Corporation, together with its subsidiaries, designs, manufactures, and sells a range of automatic identification and data capture (AIDC) products worldwide. It offers AIDC products, including mobile computers, barcode scanners, radio frequency identification device readers, specialty printers for barcode labeling and personal identification, and real-time location systems; related accessories and supplies, such as self-adhesive labels and other consumables; and software utilities and applications.

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