Zebra Technologies Corporation $ZBRA Stock: Pictet Asset Management Holding SA Decreases Stake

Pictet Asset Management Holding SA lowered its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) by 10.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 206,690 shares of the industrial products company’s stock after selling 23,581 shares during the period. Pictet Asset Management Holding SA’s holdings in Zebra Technologies were worth $77,159,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Calamos Wealth Management LLC purchased a new stake in shares of Zebra Technologies in the 1st quarter worth about $9,053,000. Bank of America Corp DE increased its stake in shares of Zebra Technologies by 22.9% in the 1st quarter. Bank of America Corp DE now owns 291,031 shares of the industrial products company’s stock worth $60,849,000 after acquiring an additional 54,222 shares in the last quarter. VELA Investment Management LLC increased its stake in shares of Zebra Technologies by 1,400.8% in the 2nd quarter. VELA Investment Management LLC now owns 21,281 shares of the industrial products company’s stock worth $5,602,000 after acquiring an additional 19,863 shares in the last quarter. Tidal Investments LLC lifted its position in Zebra Technologies by 21.8% during the 2nd quarter. Tidal Investments LLC now owns 11,455 shares of the industrial products company’s stock valued at $3,016,000 after acquiring an additional 2,053 shares during the period. Finally, EULAV Asset Management purchased a new position in Zebra Technologies during the 3rd quarter valued at about $4,738,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Analysts Set New Price Targets

ZBRA has been the topic of several research reports. TD Cowen boosted their price objective on shares of Zebra Technologies from $400.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. BNP Paribas Exane decreased their target price on shares of Zebra Technologies from $460.00 to $455.00 and set an “outperform” rating for the company in a research note on Wednesday, November 4th. Cfra upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, November 4th. Barclays lifted their target price on shares of Zebra Technologies from $416.00 to $432.00 and gave the company an “overweight” rating in a report on Wednesday, November 4th. Finally, UBS Group reissued a “buy” rating on shares of Zebra Technologies in a research report on Wednesday, August 5th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Zebra Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $388.67.

Zebra Technologies Trading Up 1.5%

NASDAQ ZBRA opened at $326.71 on Tuesday. Zebra Technologies Corporation has a 12 month low of $199.05 and a 12 month high of $392.78. The company has a current ratio of 0.57, a quick ratio of 0.33 and a debt-to-equity ratio of 0.14. The stock’s fifty day moving average price is $364.01 and its 200-day moving average price is $282.80. The stock has a market cap of $15.56 billion, a P/E ratio of 26.37 and a beta of 1.61.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, November 3rd. The industrial products company reported $4.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.89 by $0.06. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.57 billion. Zebra Technologies had a return on equity of 23.94% and a net margin of 9.80%. Zebra Technologies’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.88 EPS. As a group, equities analysts forecast that Zebra Technologies Corporation will post 18.15 EPS for the current fiscal year.

Zebra Technologies Company Profile

Zebra Technologies provides digital solutions that help organizations identify, track and manage assets, people and transactions. Its products include barcode and label printers, mobile computers, barcode scanners, RFID readers and machine-vision systems, along with software and services that connect these tools to business operations.

The company serves customers in industries including retail, manufacturing, transportation and logistics, healthcare and government. Its technology supports tasks such as inventory management, order fulfillment, asset tracking and frontline workforce operations across global markets.

Founded in 1969 as Data Specialties Incorporated, the company later adopted the Zebra Technologies name.