Stock Traders Purchase Large Volume of Call Options on Zebra Technologies (NASDAQ:ZBRA)

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Zebra Technologies Co. (NASDAQ:ZBRA) was the recipient of unusually large options trading on Thursday. Investors bought 2,694 call options on the stock. This is an increase of approximately 780% compared to the average volume of 306 call options.

In other Zebra Technologies news, Director Michael A. Smith sold 7,500 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $284.32, for a total value of $2,132,400.00. Following the transaction, the director now owns 32,463 shares of the company’s stock, valued at $9,229,880.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Bill Burns sold 5,371 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $294.67, for a total value of $1,582,672.57. Following the completion of the transaction, the senior vice president now directly owns 11,388 shares in the company, valued at approximately $3,355,701.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,944 shares of company stock worth $23,473,398. 2.00% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. tru Independence LLC purchased a new position in shares of Zebra Technologies during the 2nd quarter valued at $1,919,000. Paces Ferry Wealth Advisors LLC purchased a new position in shares of Zebra Technologies during the 3rd quarter valued at $31,000. Valeo Financial Advisors LLC grew its holdings in shares of Zebra Technologies by 1,266.7% during the 2nd quarter. Valeo Financial Advisors LLC now owns 123 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 114 shares in the last quarter. Signaturefd LLC boosted its holdings in Zebra Technologies by 48.3% in the second quarter. Signaturefd LLC now owns 129 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 42 shares in the last quarter. Finally, CX Institutional boosted its holdings in Zebra Technologies by 329.0% in the third quarter. CX Institutional now owns 133 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 102 shares in the last quarter. Institutional investors and hedge funds own 86.36% of the company’s stock.

Several research analysts have issued reports on ZBRA shares. Wolfe Research started coverage on Zebra Technologies in a report on Tuesday, August 25th. They issued an “outperform” rating and a $309.00 price target on the stock. Stephens began coverage on shares of Zebra Technologies in a research report on Friday, October 16th. They set an “overweight” rating and a $375.00 price objective on the stock. Needham & Company LLC lifted their price objective on shares of Zebra Technologies from $320.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, November 4th. JPMorgan Chase & Co. lifted their price objective on shares of Zebra Technologies from $280.00 to $296.00 and gave the stock a “neutral” rating in a research report on Thursday, October 15th. They noted that the move was a valuation call. Finally, BidaskClub upgraded shares of Zebra Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 21st. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $289.33.

Zebra Technologies stock opened at $358.39 on Friday. The company’s fifty day simple moving average is $302.79 and its 200-day simple moving average is $271.86. The company has a quick ratio of 0.42, a current ratio of 0.79 and a debt-to-equity ratio of 0.55. Zebra Technologies has a 12 month low of $150.06 and a 12 month high of $367.66. The stock has a market cap of $19.11 billion, a P/E ratio of 39.43 and a beta of 1.54.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Sunday, November 8th. The industrial products company reported $3.27 EPS for the quarter, beating the consensus estimate of $2.81 by $0.46. Zebra Technologies had a net margin of 11.41% and a return on equity of 34.83%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the company posted $3.43 EPS. Zebra Technologies’s revenue was up .2% on a year-over-year basis. On average, equities research analysts expect that Zebra Technologies will post 10.36 earnings per share for the current fiscal 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. The company operates in two segments, Asset Intelligence & Tracking and Enterprise Visibility & Mobility.

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