Strategic Investment Advisors MI bought a new position in shares of Zebra Technologies (NASDAQ:ZBRA) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,151 shares of the industrial products company’s stock, valued at approximately $241,000.
A number of other institutional investors and hedge funds have also made changes to their positions in ZBRA. PRW Wealth Management LLC purchased a new stake in Zebra Technologies during the fourth quarter worth about $29,000. Lindbrook Capital LLC purchased a new stake in shares of Zebra Technologies during the fourth quarter worth approximately $35,000. Huntington National Bank increased its stake in shares of Zebra Technologies by 62.9% during the first quarter. Huntington National Bank now owns 202 shares of the industrial products company’s stock worth $42,000 after buying an additional 78 shares during the period. Executive Wealth Management LLC purchased a new stake in shares of Zebra Technologies during the fourth quarter worth approximately $43,000. Finally, FNY Investment Advisers LLC increased its stake in shares of Zebra Technologies by 398.2% during the fourth quarter. FNY Investment Advisers LLC now owns 279 shares of the industrial products company’s stock worth $44,000 after buying an additional 223 shares during the period. 89.71% of the stock is currently owned by institutional investors.
NASDAQ:ZBRA traded up $4.01 during trading hours on Friday, hitting $175.68. The company’s stock had a trading volume of 884,911 shares, compared to its average volume of 531,394. The stock has a market capitalization of $9.48 billion, a price-to-earnings ratio of 17.17 and a beta of 1.42. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.55 and a current ratio of 1.00. Zebra Technologies has a 52-week low of $136.16 and a 52-week high of $237.15.
Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.88 by $0.04. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Zebra Technologies had a return on equity of 45.47% and a net margin of 9.91%. Zebra Technologies’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.56 earnings per share. On average, analysts predict that Zebra Technologies will post 11.82 EPS for the current year.
In other news, CEO Anders Gustafsson sold 28,027 shares of the firm’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $205.77, for a total value of $5,767,115.79. Following the completion of the transaction, the chief executive officer now owns 359,830 shares in the company, valued at $74,042,219.10. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard L. Keyser sold 9,500 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $210.96, for a total value of $2,004,120.00. Following the sale, the director now directly owns 46,916 shares in the company, valued at approximately $9,897,399.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 68,316 shares of company stock valued at $14,281,072. Company insiders own 1.77% of the company’s stock.
A number of equities analysts recently issued reports on ZBRA shares. Wellington Shields downgraded Zebra Technologies from a “buy” rating to a “gradually accumulate” rating in a report on Monday, January 28th. Zacks Investment Research downgraded Zebra Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, April 19th. BidaskClub downgraded Zebra Technologies from a “hold” rating to a “sell” rating in a report on Friday. ValuEngine downgraded Zebra Technologies from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $215.00 price objective (up from $192.00) on shares of Zebra Technologies in a report on Friday, February 15th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $215.75.
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Zebra Technologies Company 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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