Zebra Technologies Corp. (ZBRA) Stake Lowered by Sei Investments Co.
Sei Investments Co. decreased its position in Zebra Technologies Corp. (NASDAQ:ZBRA) by 6.8% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 283,877 shares of the company’s stock after selling 20,742 shares during the period. Sei Investments Co. owned approximately 0.54% of Zebra Technologies Corp. worth $19,761,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. First Manhattan Co. boosted its position in Zebra Technologies Corp. by 25.0% in the third quarter. First Manhattan Co. now owns 2,500 shares of the company’s stock worth $174,000 after buying an additional 500 shares during the period. Rothschild Investment Corp IL bought a new position in Zebra Technologies Corp. during the third quarter worth $216,000. LS Investment Advisors LLC boosted its position in Zebra Technologies Corp. by 71.0% in the second quarter. LS Investment Advisors LLC now owns 3,160 shares of the company’s stock worth $158,000 after buying an additional 1,312 shares during the period. Pacer Advisors Inc. bought a new position in Zebra Technologies Corp. during the second quarter worth $160,000. Finally, World Asset Management Inc bought a new position in Zebra Technologies Corp. during the third quarter worth $238,000. 99.57% of the stock is currently owned by institutional investors and hedge funds.
Zebra Technologies Corp. (NASDAQ:ZBRA) traded up 0.79% during midday trading on Tuesday, hitting $78.74. 75,020 shares of the company’s stock traded hands. The company has a 50 day moving average of $68.51 and a 200-day moving average of $61.58. The company’s market capitalization is $4.16 billion. Zebra Technologies Corp. has a 52 week low of $46.13 and a 52 week high of $81.00.
Zebra Technologies Corp. (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, November 15th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. Zebra Technologies Corp. had a negative net margin of 4.68% and a positive return on equity of 30.70%. The business had revenue of $904 million for the quarter. During the same quarter in the prior year, the firm earned $1.39 earnings per share. Zebra Technologies Corp.’s revenue for the quarter was down 1.3% compared to the same quarter last year. Equities research analysts predict that Zebra Technologies Corp. will post $5.47 earnings per share for the current year.
A number of research firms have recently weighed in on ZBRA. Vetr raised shares of Zebra Technologies Corp. from a “sell” rating to a “hold” rating and set a $58.03 price target on the stock in a research note on Wednesday, August 3rd. Avondale Partners raised shares of Zebra Technologies Corp. from a “market perform” rating to an “outperform” rating in a research note on Tuesday, November 15th. Imperial Capital increased their price objective on shares of Zebra Technologies Corp. from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, October 10th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Zebra Technologies Corp. in a research note on Tuesday, September 20th. Finally, Barrington Research reissued an “outperform” rating and issued a $75.00 price objective on shares of Zebra Technologies Corp. in a research note on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $72.94.
In other Zebra Technologies Corp. news, SVP Michael Cho sold 1,850 shares of the business’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $68.56, for a total value of $126,836.00. Following the sale, the senior vice president now directly owns 11,004 shares in the company, valued at $754,434.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jim L. Kaput purchased 3,457 shares of the company’s stock in a transaction on Thursday, September 8th. The stock was acquired at an average price of $68.22 per share, for a total transaction of $235,836.54. Following the completion of the transaction, the senior vice president now owns 25,103 shares of the company’s stock, valued at approximately $1,712,526.66. The disclosure for this purchase can be found here. Corporate insiders own 2.50% of the company’s stock.
About Zebra Technologies Corp.
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.
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