Royal Bank of Canada raised its position in Zebra Technologies Corp. (NASDAQ:ZBRA) by 7.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 844,350 shares of the company’s stock after buying an additional 58,931 shares during the period. Royal Bank of Canada owned approximately 1.60% of Zebra Technologies Corp. worth $42,302,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. CI Global Investments Inc. boosted its stake in shares of Zebra Technologies Corp. by 207.1% in the second quarter. CI Global Investments Inc. now owns 1,438,000 shares of the company’s stock worth $72,044,000 after buying an additional 969,700 shares in the last quarter. Cove Street Capital LLC increased its stake in shares of Zebra Technologies Corp. by 159.4% in the second quarter. Cove Street Capital LLC now owns 474,325 shares of the company’s stock worth $23,764,000 after buying an additional 291,465 shares during the period. GCA Investment Management LLC purchased a new stake in shares of Zebra Technologies Corp. during the second quarter worth approximately $15,406,000. Wedge Capital Management L L P NC increased its stake in shares of Zebra Technologies Corp. by 20.1% in the second quarter. Wedge Capital Management L L P NC now owns 278,553 shares of the company’s stock worth $13,956,000 after buying an additional 46,609 shares during the period. Finally, Amalgamated Bank increased its stake in shares of Zebra Technologies Corp. by 36.7% in the second quarter. Amalgamated Bank now owns 8,694 shares of the company’s stock worth $565,000 after buying an additional 2,336 shares during the period.

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

Zebra Technologies Corp. (NASDAQ:ZBRA) traded up 1.45% on Friday, hitting $75.01. The company’s stock had a trading volume of 509,615 shares. The stock’s market cap is $3.96 billion. The firm has a 50 day moving average of $67.17 and a 200-day moving average of $60.75. Zebra Technologies Corp. has a 12 month low of $46.13 and a 12 month high of $81.00.

Zebra Technologies Corp. (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, November 15th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.02. The company earned $904 million during the quarter. Zebra Technologies Corp. had a positive return on equity of 30.70% and a negative net margin of 4.68%. The company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.39 EPS. On average, analysts expect that Zebra Technologies Corp. will post $5.47 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on the stock. Credit Agricole SA initiated coverage on shares of Zebra Technologies Corp. in a report on Wednesday, August 3rd. They set a “buy” rating and a $74.00 price target for the company. Vetr cut shares of Zebra Technologies Corp. from a “hold” rating to a “sell” rating and set a $59.55 price target on the stock. in a research report on Tuesday, August 9th. Wellington Shields raised shares of Zebra Technologies Corp. from a “hold” rating to a “gradually accumulate” rating in a research report on Tuesday, August 9th. Zacks Investment Research upgraded shares of Zebra Technologies Corp. from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Saturday, August 13th. Finally, Barrington Research reiterated an “outperform” rating and set a $75.00 target price on shares of Zebra Technologies Corp. in a research note on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $72.94.

In related news, SVP Michael Cho sold 1,850 shares of the company’s stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $68.56, for a total transaction of $126,836.00. Following the sale, the senior vice president now owns 11,004 shares in the company, valued at approximately $754,434.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jim L. Kaput bought 3,457 shares of the business’s stock in a transaction that occurred on Thursday, September 8th. The shares were acquired at an average price of $68.22 per share, for a total transaction of $235,836.54. Following the transaction, the senior vice president now owns 25,103 shares in the company, valued at $1,712,526.66. The disclosure for this purchase can be found here. Corporate insiders own 2.50% of the company’s stock.

Zebra Technologies Corp. Company Profile

Zebra Technologies Corporation offers a range of solutions in the automatic information and data capture industry. The Company designs, manufactures and sells a range of products that capture and move data, including mobile computers; barcode scanners and imagers; radio frequency identification device (RFID) readers; specialty printers for barcode labelling and personal identification; real-time location systems (RTLS); related accessories and supplies, such as self-adhesive labels and other consumables, and software and services that are associated with these products.

5 Day Chart for NASDAQ:ZBRA

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