Kornitzer Capital Management Inc. KS lessened its holdings in shares of Zebra Technologies (NASDAQ:ZBRA) by 30.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,538 shares of the industrial products company’s stock after selling 35,783 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.15% of Zebra Technologies worth $16,827,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in ZBRA. Squar Milner Financial Services LLC raised its stake in Zebra Technologies by 479.3% in the third quarter. Squar Milner Financial Services LLC now owns 168 shares of the industrial products company’s stock worth $34,000 after buying an additional 139 shares in the last quarter. Shamrock Asset Management LLC bought a new position in Zebra Technologies in the second quarter worth approximately $35,000. Bessemer Group Inc. raised its stake in Zebra Technologies by 451.5% in the second quarter. Bessemer Group Inc. now owns 182 shares of the industrial products company’s stock worth $38,000 after buying an additional 149 shares in the last quarter. North Star Investment Management Corp. bought a new position in Zebra Technologies in the third quarter worth approximately $41,000. Finally, Quadrant Capital Group LLC raised its stake in Zebra Technologies by 284.2% in the third quarter. Quadrant Capital Group LLC now owns 292 shares of the industrial products company’s stock worth $58,000 after buying an additional 216 shares in the last quarter. Institutional investors and hedge funds own 88.42% of the company’s stock.
A number of equities analysts recently commented on the stock. Imperial Capital reissued an “outperform” rating and issued a $265.00 price objective (up previously from $245.00) on shares of Zebra Technologies in a research note on Thursday, October 31st. Zacks Investment Research raised shares of Zebra Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. JPMorgan Chase & Co. downgraded shares of Zebra Technologies from an “overweight” rating to a “neutral” rating and set a $250.00 price objective for the company. in a research note on Tuesday. Wellington Shields downgraded Zebra Technologies from a “gradually accumulate” rating to a “hold” rating in a research report on Thursday, July 18th. Finally, Atlantic Securities started coverage on Zebra Technologies in a research report on Tuesday, August 27th. They set an “overweight” rating and a $230.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $245.63.
Shares of ZBRA stock traded up $0.62 during trading hours on Friday, reaching $241.08. 14,547 shares of the company’s stock were exchanged, compared to its average volume of 525,525. The stock’s 50 day moving average is $211.11 and its 200-day moving average is $201.89. The company has a market cap of $13.06 billion, a price-to-earnings ratio of 23.52 and a beta of 1.64. The company has a current ratio of 0.94, a quick ratio of 0.58 and a debt-to-equity ratio of 0.84. Zebra Technologies has a fifty-two week low of $140.95 and a fifty-two week high of $248.83.
Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.28 by $0.15. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.14 billion. Zebra Technologies had a return on equity of 42.17% and a net margin of 11.06%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.88 earnings per share. Equities analysts anticipate that Zebra Technologies will post 12.16 EPS for the current year.
In other news, Director Chirantan Jitendra Desai sold 1,978 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $206.60, for a total transaction of $408,654.80. Following the sale, the director now directly owns 5,955 shares of the company’s stock, valued at $1,230,303. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Olivier Leonetti sold 1,817 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $238.69, for a total transaction of $433,699.73. Following the sale, the chief financial officer now directly owns 16,142 shares in the company, valued at $3,852,933.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,240 shares of company stock worth $11,389,244. Insiders own 1.77% of the company’s stock.
About Zebra Technologies
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.
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