IFP Advisors Inc reduced its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 9.3% in the 3rd quarter, Holdings Channel reports. The firm owned 291 shares of the industrial products company’s stock after selling 30 shares during the quarter. IFP Advisors Inc’s holdings in Zebra Technologies were worth $154,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in ZBRA. Morgan Stanley increased its holdings in Zebra Technologies by 9.8% in the 1st quarter. Morgan Stanley now owns 196,028 shares of the industrial products company’s stock valued at $95,109,000 after purchasing an additional 17,560 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Zebra Technologies in the 1st quarter valued at $386,000. Baker Tilly Wealth Management LLC increased its holdings in Zebra Technologies by 20.7% in the 1st quarter. Baker Tilly Wealth Management LLC now owns 828 shares of the industrial products company’s stock valued at $402,000 after purchasing an additional 142 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in shares of Zebra Technologies during the first quarter valued at about $406,000. Finally, Aspire Private Capital LLC grew its stake in shares of Zebra Technologies by 69.3% during the first quarter. Aspire Private Capital LLC now owns 794 shares of the industrial products company’s stock valued at $385,000 after acquiring an additional 325 shares in the last quarter. Hedge funds and other institutional investors own 84.44% of the company’s stock.
ZBRA has been the subject of several recent analyst reports. Stephens raised their target price on Zebra Technologies from $600.00 to $700.00 and gave the company an “overweight” rating in a research note on Monday, September 13th. Wolfe Research initiated coverage on Zebra Technologies in a research note on Monday, November 8th. They set an “outperform” rating for the company. Robert W. Baird raised their target price on Zebra Technologies from $490.00 to $560.00 and gave the company an “outperform” rating in a research note on Wednesday, August 4th. Needham & Company LLC raised their target price on Zebra Technologies from $600.00 to $660.00 and gave the company a “buy” rating in a research note on Wednesday, November 3rd. Finally, UBS Group raised their target price on Zebra Technologies from $610.00 to $615.00 and gave the company a “buy” rating in a research note on Thursday, September 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $582.71.
Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Monday, November 1st. The industrial products company reported $4.55 EPS for the quarter, topping the Zacks’ consensus estimate of $4.06 by $0.49. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.39 billion. Zebra Technologies had a return on equity of 36.87% and a net margin of 15.45%. During the same period last year, the firm earned $3.04 earnings per share. On average, equities research analysts forecast that Zebra Technologies Co. will post 16.58 EPS for the current fiscal year.
In other Zebra Technologies news, Director Michael A. Smith sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 17th. The shares were sold at an average price of $607.00, for a total value of $910,500.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Anders Gustafsson sold 6,500 shares of Zebra Technologies stock in a transaction that occurred on Monday, August 30th. The shares were sold at an average price of $590.04, for a total value of $3,835,260.00. The disclosure for this sale can be found here. Insiders sold 18,076 shares of company stock worth $10,829,440 in the last three months. 1.11% of the stock is currently owned by corporate insiders.
Zebra Technologies Profile
Zebra Technologies Corp. engages in designing, manufacturing and selling of automatic identification and data capture products. Its products include mobile computers, barcode scanners, radio frequency identification devices (RFID) readers, specialty printers for barcode labeling and personal identification, real-time location systems, accessories and supplies, such as self-adhesive labels and other consumables, and software utilities and applications.
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