PNC Financial Services Group Inc. Purchases 155 Shares of Zebra Technologies (NASDAQ:ZBRA)

PNC Financial Services Group Inc. lifted its position in shares of Zebra Technologies (NASDAQ:ZBRA) by 0.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,481 shares of the industrial products company’s stock after purchasing an additional 155 shares during the quarter. PNC Financial Services Group Inc. owned 0.13% of Zebra Technologies worth $12,573,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ZBRA. IFP Advisors Inc boosted its position in shares of Zebra Technologies by 108.3% during the fourth quarter. IFP Advisors Inc now owns 654 shares of the industrial products company’s stock worth $170,000 after purchasing an additional 340 shares in the last quarter. Wealthfront Advisers LLC boosted its position in shares of Zebra Technologies by 5.0% during the fourth quarter. Wealthfront Advisers LLC now owns 1,056 shares of the industrial products company’s stock worth $270,000 after purchasing an additional 50 shares in the last quarter. Nwam LLC boosted its position in shares of Zebra Technologies by 4.9% during the fourth quarter. Nwam LLC now owns 1,760 shares of the industrial products company’s stock worth $450,000 after purchasing an additional 82 shares in the last quarter. Advisor Partners LLC bought a new position in shares of Zebra Technologies during the fourth quarter worth $243,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Zebra Technologies by 13.4% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,308 shares of the industrial products company’s stock worth $844,000 after purchasing an additional 390 shares in the last quarter. 89.24% of the stock is currently owned by institutional investors.

A number of equities analysts have recently weighed in on ZBRA shares. BidaskClub raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Friday, May 1st. Robert W. Baird raised their price objective on shares of Zebra Technologies from $202.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Northcoast Research lowered shares of Zebra Technologies from a “buy” rating to a “neutral” rating and set a $240.00 price objective on the stock. in a report on Thursday, April 30th. ValuEngine upgraded shares of Zebra Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, Morgan Stanley raised their price objective on shares of Zebra Technologies from $203.00 to $217.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $236.88.

In other news, SVP Stephen Edgar Williams sold 572 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $223.14, for a total transaction of $127,636.08. Following the transaction, the senior vice president now directly owns 5,377 shares in the company, valued at approximately $1,199,823.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Jeffrey F. Schmitz sold 1,658 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $234.73, for a total transaction of $389,182.34. Following the transaction, the chief marketing officer now owns 9,225 shares in the company, valued at $2,165,384.25. The disclosure for this sale can be found here. Insiders sold a total of 12,493 shares of company stock worth $2,937,079 over the last quarter. Company insiders own 2.00% of the company’s stock.

Shares of ZBRA stock opened at $244.15 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.49 and a debt-to-equity ratio of 0.73. Zebra Technologies has a 1 year low of $150.06 and a 1 year high of $260.40. The firm’s fifty day moving average price is $213.09 and its two-hundred day moving average price is $229.74. The firm has a market capitalization of $12.96 billion, a P/E ratio of 20.50 and a beta of 1.65.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.03. Zebra Technologies had a net margin of 11.59% and a return on equity of 38.08%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the business earned $2.92 EPS. The company’s revenue was down 1.3% compared to the same quarter last year. As a group, equities research analysts forecast that Zebra Technologies will post 9.59 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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