IFM Investors Pty Ltd increased its holdings in shares of Zebra Technologies (NASDAQ:ZBRA) by 47.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,179 shares of the industrial products company’s stock after buying an additional 1,659 shares during the quarter. IFM Investors Pty Ltd’s holdings in Zebra Technologies were worth $1,069,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of the company. Steward Partners Investment Advisory LLC purchased a new position in Zebra Technologies in the second quarter valued at about $89,000. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Zebra Technologies by 16.7% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 24,527 shares of the industrial products company’s stock worth $5,138,000 after acquiring an additional 3,510 shares in the last quarter. Gateway Investment Advisers LLC boosted its stake in shares of Zebra Technologies by 5.1% during the 2nd quarter. Gateway Investment Advisers LLC now owns 30,808 shares of the industrial products company’s stock worth $6,454,000 after acquiring an additional 1,504 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Zebra Technologies during the 2nd quarter worth about $566,000. Finally, Courier Capital LLC boosted its stake in shares of Zebra Technologies by 16.5% during the 2nd quarter. Courier Capital LLC now owns 1,138 shares of the industrial products company’s stock worth $238,000 after acquiring an additional 161 shares in the last quarter. Institutional investors and hedge funds own 88.42% of the company’s stock.
Several research firms have recently issued reports on ZBRA. Atlantic Securities began coverage on Zebra Technologies in a research note on Tuesday, August 27th. They set an “overweight” rating and a $230.00 price target for the company. BidaskClub upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC upped their price target on Zebra Technologies from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Robert W. Baird upped their price target on Zebra Technologies from $235.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. downgraded Zebra Technologies from an “overweight” rating to a “neutral” rating and set a $250.00 price target for the company. in a research note on Tuesday, November 5th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Zebra Technologies has an average rating of “Buy” and a consensus price target of $245.63.
Shares of ZBRA traded up $1.40 during trading hours on Friday, hitting $241.86. 223,700 shares of the company were exchanged, compared to its average volume of 532,584. The company has a market cap of $13.06 billion, a PE ratio of 23.64 and a beta of 1.64. Zebra Technologies has a 52 week low of $140.95 and a 52 week high of $248.83. The firm’s 50 day moving average is $211.74 and its 200-day moving average is $201.93. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.58 and a current ratio of 0.94.
Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.43 EPS for the quarter, beating the Zacks’ consensus estimate of $3.28 by $0.15. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $2.88 EPS. As a group, equities analysts forecast that Zebra Technologies will post 12.16 earnings per share for the current fiscal year.
In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 1,549 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $196.00, for a total value of $303,604.00. Following the transaction, the chief accounting officer now directly owns 4,664 shares in the company, valued at approximately $914,144. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Cristen L. Kogl sold 975 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $242.97, for a total value of $236,895.75. Following the completion of the transaction, the senior vice president now owns 4,987 shares in the company, valued at $1,211,691.39. The disclosure for this sale can be found here. Insiders sold a total of 48,240 shares of company stock worth $11,389,244 over the last quarter. Corporate insiders own 1.77% of the company’s stock.
Zebra Technologies 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.
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