Zebra Technologies Co. (NASDAQ:ZBRA) Short Interest Down 17.2% in October

Zebra Technologies Co. (NASDAQ:ZBRA) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 511,800 shares, a drop of 17.2% from the October 15th total of 618,000 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 357,000 shares, the short-interest ratio is currently 1.4 days.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Needham & Company LLC lifted their price objective on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Truist Financial reiterated a “hold” rating and set a $383.00 price objective (up previously from $379.00) on shares of Zebra Technologies in a report on Wednesday, October 30th. Robert W. Baird raised their target price on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Stephens upped their price target on Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Redburn Atlantic upgraded Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $385.18.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the transaction, the chief financial officer now directly owns 11,421 shares in the company, valued at approximately $4,359,738.33. This represents a 13.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.06% of the company’s stock.

Institutional Trading of Zebra Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC boosted its holdings in Zebra Technologies by 2.4% during the 3rd quarter. Barclays PLC now owns 113,177 shares of the industrial products company’s stock valued at $41,910,000 after acquiring an additional 2,617 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Zebra Technologies by 8.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 15,069 shares of the industrial products company’s stock worth $5,580,000 after buying an additional 1,180 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Zebra Technologies during the 3rd quarter worth $2,323,000. MML Investors Services LLC increased its stake in shares of Zebra Technologies by 2.6% during the third quarter. MML Investors Services LLC now owns 20,110 shares of the industrial products company’s stock valued at $7,447,000 after buying an additional 503 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Zebra Technologies in the third quarter valued at about $1,334,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Down 2.2 %

ZBRA stock opened at $385.91 on Friday. The company has a market cap of $19.91 billion, a price-to-earnings ratio of 52.49 and a beta of 1.64. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The business’s 50-day moving average is $369.06 and its two-hundred day moving average is $337.84. Zebra Technologies has a fifty-two week low of $212.40 and a fifty-two week high of $405.62.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results 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. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. Zebra Technologies’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.57 EPS. As a group, analysts forecast 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.