Alliancebernstein L.P. Sells 280 Shares of Zebra Technologies Corporation (NASDAQ:ZBRA)
Alliancebernstein L.P. cut its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) by 0.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,576 shares of the industrial products company’s stock after selling 280 shares during the period. Alliancebernstein L.P. owned about 0.06% of Zebra Technologies Corporation worth $2,973,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Bank of Montreal Can raised its stake in shares of Zebra Technologies Corporation by 0.4% in the first quarter. Bank of Montreal Can now owns 46,177 shares of the industrial products company’s stock worth $4,213,000 after buying an additional 177 shares during the last quarter. Sheets Smith Wealth Management purchased a new stake in shares of Zebra Technologies Corporation during the first quarter worth about $293,000. Teachers Advisors LLC raised its stake in shares of Zebra Technologies Corporation by 3.4% in the fourth quarter. Teachers Advisors LLC now owns 47,878 shares of the industrial products company’s stock worth $4,106,000 after buying an additional 1,568 shares during the last quarter. River & Mercantile Asset Management LLP acquired a new position in shares of Zebra Technologies Corporation during the fourth quarter worth approximately $2,847,000. Finally, Vident Investment Advisory LLC increased its position in shares of Zebra Technologies Corporation by 6.3% in the fourth quarter. Vident Investment Advisory LLC now owns 15,642 shares of the industrial products company’s stock worth $1,341,000 after buying an additional 930 shares during the period. Hedge funds and other institutional investors own 94.27% of the company’s stock.
Shares of Zebra Technologies Corporation (NASDAQ:ZBRA) traded up 0.24% during trading on Friday, hitting $96.20. The stock had a trading volume of 407,681 shares. The stock’s 50 day moving average price is $101.81 and its 200-day moving average price is $94.57. The stock’s market cap is $5.08 billion. Zebra Technologies Corporation has a one year low of $52.77 and a one year high of $109.30.
Zebra Technologies Corporation (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, May 9th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.07. The business had revenue of $865 million during the quarter, compared to analysts’ expectations of $847.76 million. Zebra Technologies Corporation had a negative net margin of 2.98% and a positive return on equity of 37.96%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.01 EPS. Analysts expect that Zebra Technologies Corporation will post $6.45 earnings per share for the current fiscal year.
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A number of equities analysts recently commented on the stock. ValuEngine raised shares of Zebra Technologies Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research raised shares of Zebra Technologies Corporation from a “sell” rating to a “buy” rating and set a $119.00 price objective for the company in a research note on Friday, June 9th. Morgan Stanley downgraded shares of Zebra Technologies Corporation from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $95.00 to $100.00 in a research note on Wednesday, May 31st. They noted that the move was a valuation call. Needham & Company LLC reissued a “buy” rating and issued a $107.00 price objective on shares of Zebra Technologies Corporation in a research note on Monday, May 22nd. Finally, BidaskClub downgraded shares of Zebra Technologies Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $94.82.
In related news, SVP Michael Cho sold 1,572 shares of Zebra Technologies Corporation stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $107.76, for a total transaction of $169,398.72. Following the sale, the senior vice president now directly owns 10,426 shares in the company, valued at approximately $1,123,505.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Hugh K. Gagnier sold 9,388 shares of Zebra Technologies Corporation stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $100.42, for a total transaction of $942,742.96. Following the sale, the senior vice president now owns 48,460 shares in the company, valued at $4,866,353.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,602 shares of company stock valued at $2,819,641. Corporate insiders own 2.50% of the company’s stock.
About Zebra Technologies Corporation
Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.
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