GSA Capital Partners LLP trimmed its position in shares of Zebra Technologies (NASDAQ:ZBRA) by 47.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,257 shares of the industrial products company’s stock after selling 7,540 shares during the period. GSA Capital Partners LLP’s holdings in Zebra Technologies were worth $1,460,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in ZBRA. Reilly Financial Advisors LLC bought a new position in shares of Zebra Technologies in the third quarter worth about $142,000. Moneta Group Investment Advisors LLC bought a new position in Zebra Technologies in the 2nd quarter valued at approximately $158,000. KCM Investment Advisors LLC bought a new position in Zebra Technologies in the 2nd quarter valued at approximately $201,000. Signition LP bought a new position in Zebra Technologies in the 2nd quarter valued at approximately $202,000. Finally, Papp L Roy & Associates bought a new position in Zebra Technologies in the 2nd quarter valued at approximately $215,000. Hedge funds and other institutional investors own 86.39% of the company’s stock.
A number of brokerages recently issued reports on ZBRA. Imperial Capital raised their price objective on shares of Zebra Technologies from $190.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, November 8th. Zacks Investment Research upgraded shares of Zebra Technologies from a “sell” rating to a “buy” rating and set a $200.00 price target for the company in a report on Saturday, November 17th. Needham & Company LLC raised their price target on shares of Zebra Technologies to $192.00 and gave the stock a “buy” rating in a report on Wednesday, November 7th. Wellington Shields lowered shares of Zebra Technologies from a “buy” rating to a “gradually accumulate” rating in a report on Friday, September 14th. Finally, BidaskClub upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 28th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $180.22.
In other news, SVP Joachim Heel sold 2,480 shares of the firm’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $182.38, for a total transaction of $452,302.40. Following the completion of the sale, the senior vice president now owns 24,412 shares of the company’s stock, valued at approximately $4,452,260.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Anders Gustafsson sold 35,160 shares of the firm’s stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $182.73, for a total transaction of $6,424,786.80. Following the sale, the chief executive officer now directly owns 314,092 shares of the company’s stock, valued at approximately $57,394,031.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,640 shares of company stock valued at $12,930,449. Insiders own 2.30% of the company’s stock.
Zebra Technologies stock opened at $165.34 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.09 and a quick ratio of 0.64. Zebra Technologies has a 52-week low of $101.49 and a 52-week high of $184.75. The company has a market cap of $9.20 billion, a price-to-earnings ratio of 25.83 and a beta of 1.55.
Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, November 6th. The industrial products company reported $2.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.60 by $0.28. Zebra Technologies had a net margin of 7.55% and a return on equity of 49.81%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned $1.87 EPS. The company’s revenue was up 16.8% compared to the same quarter last year. Analysts forecast that Zebra Technologies will post 10.04 earnings per share for the current year.
Zebra Technologies Profile
With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.
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