Zebra Technologies (NASDAQ:ZBRA) Reaches New 52-Week High - Here's Why

Zebra Technologies Co. (NASDAQ:ZBRA - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $413.43 and last traded at $411.23, with a volume of 259578 shares trading hands. The stock had previously closed at $409.32.

Analyst Upgrades and Downgrades

ZBRA has been the topic of several recent analyst reports. Needham & Company LLC increased their target price 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. UBS Group increased their price objective on Zebra Technologies from $390.00 to $445.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Morgan Stanley raised shares of Zebra Technologies from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $305.00 to $400.00 in a research note on Monday, December 2nd. Truist Financial reissued a "hold" rating and issued a $383.00 price target (up previously from $379.00) on shares of Zebra Technologies in a research note on Wednesday, October 30th. Finally, TD Cowen raised their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Zebra Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $393.82.

Zebra Technologies Price Performance

The firm has a fifty day moving average of $386.30 and a two-hundred day moving average of $348.62. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $20.72 billion, a PE ratio of 54.66 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating analysts' consensus estimates of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The business's quarterly revenue was up 31.3% compared to the same quarter last year. Research analysts anticipate that Zebra Technologies Co. will post 12.4 EPS for the current fiscal year.

Insider Activity

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the business's stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the transaction, the chief financial officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.04% of the company's stock.

Institutional Trading of Zebra Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers raised its holdings in Zebra Technologies by 262.3% in the first quarter. Cetera Investment Advisers now owns 8,271 shares of the industrial products company's stock worth $2,493,000 after purchasing an additional 5,988 shares in the last quarter. Cetera Advisors LLC lifted its holdings in shares of Zebra Technologies by 51.9% during the first quarter. Cetera Advisors LLC now owns 1,774 shares of the industrial products company's stock valued at $535,000 after purchasing an additional 606 shares during the last quarter. CWM LLC boosted its holdings in Zebra Technologies by 18.9% in the second quarter. CWM LLC now owns 1,690 shares of the industrial products company's stock worth $522,000 after acquiring an additional 269 shares in the last quarter. Czech National Bank raised its holdings in Zebra Technologies by 8.4% in the 2nd quarter. Czech National Bank now owns 9,798 shares of the industrial products company's stock worth $3,027,000 after acquiring an additional 762 shares during the last quarter. Finally, Cooper Financial Group bought a new stake in Zebra Technologies in the 2nd quarter worth about $267,000. Hedge funds and other institutional investors own 91.03% of the company's stock.

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.