Zebra Technologies Co. (NASDAQ:ZBRA) Short Interest Update

Zebra Technologies Co. (NASDAQ:ZBRA - Get Free Report) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 511,800 shares, a decrease of 17.2% from the October 15th total of 618,000 shares. Based on an average trading volume of 357,000 shares, the short-interest ratio is presently 1.4 days. Approximately 1.0% of the shares of the company are short sold.

Analysts Set New Price Targets

ZBRA has been the topic of several research reports. Barclays boosted their price target on Zebra Technologies from $347.00 to $407.00 and gave the company an "equal weight" rating in a research note on Thursday, October 31st. StockNews.com upgraded Zebra Technologies from a "hold" rating to a "buy" rating in a research note on Thursday, October 31st. Needham & Company LLC lifted their price target on shares of Zebra Technologies from $394.00 to $430.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Redburn Atlantic upgraded shares of Zebra Technologies to a "strong-buy" rating in a research note on Wednesday, July 31st. Finally, Morgan Stanley lifted their target price on shares of Zebra Technologies from $290.00 to $305.00 and gave the company an "underweight" rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Zebra Technologies has a consensus rating of "Moderate Buy" and an average target price of $385.18.

Insider Buying and Selling at Zebra Technologies

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the business's stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the transaction, the chief financial officer now owns 11,421 shares of the company's stock, valued at approximately $4,359,738.33. The trade was a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.06% of the company's stock.

Institutional Trading of Zebra Technologies

A number of institutional investors have recently modified their holdings of ZBRA. WCM Investment Management LLC increased its stake in Zebra Technologies by 0.3% in the 3rd quarter. WCM Investment Management LLC now owns 9,501 shares of the industrial products company's stock valued at $3,502,000 after buying an additional 27 shares during the last quarter. KPP Advisory Services LLC increased its position in shares of Zebra Technologies by 2.3% in the third quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company's stock valued at $461,000 after acquiring an additional 28 shares during the last quarter. Cascade Investment Advisors Inc. raised its holdings in Zebra Technologies by 0.7% during the third quarter. Cascade Investment Advisors Inc. now owns 4,387 shares of the industrial products company's stock worth $1,625,000 after acquiring an additional 30 shares in the last quarter. Private Advisor Group LLC boosted its position in Zebra Technologies by 1.4% during the third quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company's stock valued at $821,000 after purchasing an additional 31 shares during the last quarter. Finally, Metis Global Partners LLC grew its stake in Zebra Technologies by 1.9% in the third quarter. Metis Global Partners LLC now owns 1,649 shares of the industrial products company's stock valued at $611,000 after purchasing an additional 31 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Trading Down 2.2 %

Shares of Zebra Technologies stock traded down $8.75 during trading hours on Friday, hitting $385.91. The company's stock had a trading volume of 372,347 shares, compared to its average volume of 362,377. The company has a market capitalization of $19.91 billion, a PE ratio of 52.49 and a beta of 1.64. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. The stock has a 50 day moving average of $369.06 and a 200 day moving average of $337.84. Zebra Technologies has a 12 month low of $212.40 and a 12 month high of $405.62.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, topping the consensus estimate of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the company posted $0.57 EPS. The business's quarterly revenue was up 31.3% on a year-over-year basis. Analysts predict that Zebra Technologies will post 12.4 earnings per share for the current year.

About Zebra Technologies

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.