Tudor Investment Corp ET AL Has $1.51 Million Position in Zebra Technologies Corporation (ZBRA)
Tudor Investment Corp ET AL increased its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA) by 362.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,989 shares of the industrial products company’s stock after purchasing an additional 11,747 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Zebra Technologies Corporation were worth $1,507,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. US Bancorp DE raised its position in Zebra Technologies Corporation by 32.4% during the 1st quarter. US Bancorp DE now owns 5,091 shares of the industrial products company’s stock worth $464,000 after purchasing an additional 1,247 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in Zebra Technologies Corporation by 18.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 39,321 shares of the industrial products company’s stock worth $3,588,000 after buying an additional 6,066 shares during the period. Karp Capital Management Corp acquired a new position in Zebra Technologies Corporation during the 1st quarter worth about $1,322,000. Envestnet Asset Management Inc. lifted its holdings in Zebra Technologies Corporation by 0.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 16,772 shares of the industrial products company’s stock worth $1,531,000 after buying an additional 90 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Zebra Technologies Corporation during the 1st quarter worth about $140,000. Institutional investors and hedge funds own 89.98% of the company’s stock.
Several brokerages have recently weighed in on ZBRA. Barrington Research reissued an “outperform” rating and issued a $125.00 price target (up previously from $110.00) on shares of Zebra Technologies Corporation in a research note on Tuesday, August 15th. Zacks Investment Research downgraded Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. BidaskClub lowered Zebra Technologies Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $118.00 price objective (up from $107.00) on shares of Zebra Technologies Corporation in a research note on Thursday, August 10th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $103.57.
In related news, CEO Anders Gustafsson sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $106.04, for a total value of $2,651,000.00. Following the sale, the chief executive officer now directly owns 295,116 shares of the company’s stock, valued at $31,294,100.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Hugh K. Gagnier sold 20,682 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $106.42, for a total value of $2,200,978.44. Following the completion of the sale, the senior vice president now directly owns 39,072 shares in the company, valued at $4,158,042.24. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.
Shares of Zebra Technologies Corporation (ZBRA) traded down 0.04% on Tuesday, hitting $109.84. The stock had a trading volume of 29,815 shares. Zebra Technologies Corporation has a 1-year low of $62.91 and a 1-year high of $111.23. The firm’s market capitalization is $5.83 billion. The firm has a 50 day moving average of $104.57 and a 200-day moving average of $99.90.
Zebra Technologies Corporation (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.17. The business had revenue of $897.00 million for the quarter, compared to analyst estimates of $876.90 million. Zebra Technologies Corporation had a negative net margin of 1.14% and a positive return on equity of 38.88%. The company’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.34 EPS. Equities analysts predict that Zebra Technologies Corporation will post $6.67 earnings per share for the current year.
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Zebra Technologies Corporation Profile
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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