Trading Report: The Zebra Technologies Corp. (ZBRA) Sees Unusually-High Trading Volume After Analyst Upgrade

The Zebra Technologies Corp. (ZBRA) Sees Unusually-High Trading Volume After Analyst Upgrade

Zebra Technologies Corp. (NASDAQ:ZBRA) saw unusually-strong trading volume on Tuesday after Imperial Capital raised their price target on the stock from $65.00 to $75.00. Imperial Capital currently has an outperform rating on the stock. Approximately 451,146 shares traded hands during mid-day trading, an increase of 20% from the previous session’s volume of 375,017 shares.The stock last traded at $66.55 and had previously closed at $68.68.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Zebra Technologies Corp. from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Saturday, August 13th. Vetr downgraded shares of Zebra Technologies Corp. from a “strong-buy” rating to a “buy” rating and set a $50.05 target price for the company. in a research report on Thursday, July 7th. Credit Agricole SA started coverage on shares of Zebra Technologies Corp. in a research report on Wednesday, August 3rd. They issued a “buy” rating and a $74.00 target price for the company. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Zebra Technologies Corp. in a research report on Tuesday, September 20th. Finally, Wellington Shields raised shares of Zebra Technologies Corp. from a “hold” rating to a “gradually accumulate” rating in a research report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. Zebra Technologies Corp. has an average rating of “Hold” and a consensus price target of $76.17.

In related news, SVP Jim L. Kaput sold 5,000 shares of the company’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $64.83, for a total value of $324,150.00. Following the completion of the transaction, the senior vice president now owns 30,103 shares of the company’s stock, valued at approximately $1,951,577.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jim L. Kaput bought 3,457 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The stock was purchased at an average cost of $68.22 per share, with a total value of $235,836.54. Following the acquisition, the senior vice president now directly owns 25,103 shares in the company, valued at approximately $1,712,526.66. The disclosure for this purchase can be found here. 2.50% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of ZBRA. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Zebra Technologies Corp. during the second quarter valued at approximately $67,797,000. CI Global Investments Inc. boosted its stake in shares of Zebra Technologies Corp. by 207.1% in the second quarter. CI Global Investments Inc. now owns 1,438,000 shares of the company’s stock valued at $72,044,000 after buying an additional 969,700 shares during the last quarter. Makaira Partners LLC boosted its stake in shares of Zebra Technologies Corp. by 126.6% in the second quarter. Makaira Partners LLC now owns 1,370,227 shares of the company’s stock valued at $68,648,000 after buying an additional 765,500 shares during the last quarter. Lombardia Capital Partners LLC bought a new stake in shares of Zebra Technologies Corp. during the second quarter valued at approximately $17,866,000. Finally, Wellington Management Group LLP boosted its stake in shares of Zebra Technologies Corp. by 156.9% in the first quarter. Wellington Management Group LLP now owns 572,754 shares of the company’s stock valued at $39,520,000 after buying an additional 349,844 shares during the last quarter.

The company has a 50 day moving average of $68.81 and a 200 day moving average of $60.55. The company’s market cap is $3.51 billion.

Zebra Technologies Corp. (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $1.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.28. The business earned $879 million during the quarter, compared to analysts’ expectations of $869.19 million. Zebra Technologies Corp. had a negative net margin of 3.16% and a positive return on equity of 29.18%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the company posted $1.05 earnings per share. On average, equities analysts forecast that Zebra Technologies Corp. will post $5.46 earnings per share for the current year.

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