BidaskClub downgraded shares of Zebra Technologies (NASDAQ:ZBRA) from a buy rating to a hold rating in a research report released on Saturday, BidAskClub reports.

A number of other analysts also recently weighed in on ZBRA. JPMorgan Chase & Co. downgraded Zebra Technologies from an overweight rating to a neutral rating and boosted their target price for the stock from $245.00 to $250.00 in a research report on Thursday, April 30th. They noted that the move was a valuation call. Morgan Stanley boosted their target price on Zebra Technologies from $203.00 to $217.00 and gave the stock an equal weight rating in a research report on Wednesday, April 29th. Needham & Company LLC began coverage on Zebra Technologies in a research report on Tuesday, April 28th. They issued a buy rating and a $250.00 target price for the company. Northcoast Research downgraded Zebra Technologies from a buy rating to a neutral rating and set a $240.00 target price for the company. in a research report on Thursday, April 30th. Finally, Robert W. Baird boosted their price objective on Zebra Technologies from $202.00 to $230.00 and gave the company an outperform rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Zebra Technologies has an average rating of Hold and an average target price of $238.14.

Shares of NASDAQ ZBRA opened at $255.95 on Friday. Zebra Technologies has a 12 month low of $150.06 and a 12 month high of $278.60. The company has a current ratio of 0.85, a quick ratio of 0.49 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $13.59 billion, a price-to-earnings ratio of 26.94 and a beta of 1.67. The business has a 50-day moving average of $252.82 and a 200-day moving average of $232.42.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, April 28th. The industrial products company reported $2.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.64 by $0.03. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.07 billion. Zebra Technologies had a return on equity of 38.08% and a net margin of 11.59%. Zebra Technologies’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.92 EPS. On average, analysts predict that Zebra Technologies will post 9.59 earnings per share for the current year.

In related news, SVP Stephen Edgar Williams sold 572 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $223.14, for a total transaction of $127,636.08. Following the completion of the transaction, the senior vice president now owns 5,377 shares in the company, valued at $1,199,823.78. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Colleen M. O’sullivan sold 3,628 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $258.48, for a total value of $937,765.44. Following the transaction, the chief accounting officer now owns 2,801 shares of the company’s stock, valued at approximately $724,002.48. The disclosure for this sale can be found here. Insiders sold 26,588 shares of company stock valued at $6,617,390 in the last quarter. Corporate insiders own 2.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in Zebra Technologies by 4.1% in the first quarter. BlackRock Inc. now owns 3,748,582 shares of the industrial products company’s stock worth $688,240,000 after purchasing an additional 146,276 shares during the period. State Street Corp grew its stake in Zebra Technologies by 1.5% in the first quarter. State Street Corp now owns 2,120,464 shares of the industrial products company’s stock worth $389,317,000 after purchasing an additional 31,215 shares during the period. JPMorgan Chase & Co. grew its stake in Zebra Technologies by 23.2% in the first quarter. JPMorgan Chase & Co. now owns 1,539,059 shares of the industrial products company’s stock worth $282,570,000 after purchasing an additional 289,862 shares during the period. Bank of New York Mellon Corp grew its stake in Zebra Technologies by 18.1% in the first quarter. Bank of New York Mellon Corp now owns 987,178 shares of the industrial products company’s stock worth $181,245,000 after purchasing an additional 151,275 shares during the period. Finally, Geode Capital Management LLC grew its stake in Zebra Technologies by 1.1% in the first quarter. Geode Capital Management LLC now owns 951,548 shares of the industrial products company’s stock worth $174,401,000 after purchasing an additional 9,945 shares during the period. Institutional investors own 87.56% of the company’s stock.

Zebra Technologies Company Profile

Zebra (NASDAQ: ZBRA) empowers the front line of business in retail/ecommerce, manufacturing, transportation and logistics, healthcare and other industries to achieve a performance edge. With more than 10,000 partners across 100 countries, they deliver industry-tailored, end-to-end solutions that intelligently connect people, assets and data to help our customers make business-critical decisions. Their market-leading solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care.

Recommended Story: Investing in Growth Stocks

Analyst Recommendations for Zebra Technologies (NASDAQ:ZBRA)

Receive News & Ratings for Zebra Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zebra Technologies and related companies with MarketBeat.com's FREE daily email newsletter.