Sheaff Brock Investment Advisors LLC cut its stake in shares of Zebra Technologies (NASDAQ:ZBRA) by 16.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,469 shares of the industrial products company’s stock after selling 880 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Zebra Technologies were worth $936,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the company. BlackRock Inc. raised its position in Zebra Technologies by 1.0% during the first quarter. BlackRock Inc. now owns 4,901,533 shares of the industrial products company’s stock valued at $1,027,018,000 after buying an additional 50,197 shares during the period. FMR LLC raised its position in Zebra Technologies by 34.3% during the first quarter. FMR LLC now owns 3,247,706 shares of the industrial products company’s stock valued at $680,491,000 after buying an additional 829,462 shares during the period. JPMorgan Chase & Co. grew its stake in Zebra Technologies by 14.1% in the first quarter. JPMorgan Chase & Co. now owns 1,119,049 shares of the industrial products company’s stock valued at $234,475,000 after purchasing an additional 138,669 shares in the last quarter. Geode Capital Management LLC grew its stake in Zebra Technologies by 12.3% in the fourth quarter. Geode Capital Management LLC now owns 623,963 shares of the industrial products company’s stock valued at $99,353,000 after purchasing an additional 68,355 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Zebra Technologies by 4.0% in the first quarter. Northern Trust Corp now owns 454,709 shares of the industrial products company’s stock valued at $95,276,000 after purchasing an additional 17,337 shares in the last quarter. 88.25% of the stock is currently owned by institutional investors.
A number of research analysts have commented on the company. ValuEngine upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. BidaskClub upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Wellington Shields downgraded Zebra Technologies from a “gradually accumulate” rating to a “hold” rating in a research note on Thursday, July 18th. Zacks Investment Research downgraded Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, July 20th. Finally, Imperial Capital restated an “outperform” rating and issued a $245.00 target price (up previously from $230.00) on shares of Zebra Technologies in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. Zebra Technologies has an average rating of “Buy” and an average price target of $225.43.
In other news, CFO Olivier Leonetti sold 3,500 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $195.00, for a total transaction of $682,500.00. Following the completion of the sale, the chief financial officer now owns 22,387 shares in the company, valued at approximately $4,365,465. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Anders Gustafsson sold 20,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $200.45, for a total value of $4,009,000.00. Following the sale, the chief executive officer now owns 303,533 shares of the company’s stock, valued at approximately $60,843,189.85. The disclosure for this sale can be found here. In the last quarter, insiders have sold 65,154 shares of company stock valued at $13,170,221. 1.77% of the stock is currently owned by corporate insiders.
Shares of ZBRA traded down $8.82 during trading hours on Wednesday, hitting $199.44. 6,983 shares of the company were exchanged, compared to its average volume of 585,738. The company has a market capitalization of $10.93 billion, a P/E ratio of 19.36 and a beta of 1.61. The company’s 50 day simple moving average is $201.64. Zebra Technologies has a 52 week low of $140.95 and a 52 week high of $237.15. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.59 and a current ratio of 0.99.
Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.32. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Zebra Technologies had a return on equity of 43.60% and a net margin of 10.95%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.48 EPS. On average, equities analysts expect that Zebra Technologies will post 12.1 earnings per share for the current year.
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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