JPMorgan Chase & Co. lifted its position in shares of Zebra Technologies Corp. (NASDAQ:ZBRA) by 44.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 123,592 shares of the industrial products company’s stock after purchasing an additional 38,129 shares during the quarter. JPMorgan Chase & Co. owned about 0.23% of Zebra Technologies worth $13,476,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Advisor Group Inc. boosted its holdings in Zebra Technologies by 0.8% in the second quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock worth $161,000 after acquiring an additional 13 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Zebra Technologies by 3.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,885 shares of the industrial products company’s stock worth $189,000 after acquiring an additional 71 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Zebra Technologies by 3.0% in the second quarter. PNC Financial Services Group Inc. now owns 6,235 shares of the industrial products company’s stock worth $626,000 after acquiring an additional 179 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in Zebra Technologies by 1.3% in the second quarter. Ameritas Investment Partners Inc. now owns 15,790 shares of the industrial products company’s stock worth $1,587,000 after acquiring an additional 203 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in Zebra Technologies by 5.0% in the second quarter. Advisors Asset Management Inc. now owns 4,303 shares of the industrial products company’s stock worth $433,000 after acquiring an additional 203 shares in the last quarter. Institutional investors own 89.64% of the company’s stock.
Several research firms have commented on ZBRA. ValuEngine downgraded Zebra Technologies from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub raised Zebra Technologies from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Imperial Capital raised Zebra Technologies from an “in-line” rating to an “outperform” rating and upped their price target for the company from $95.00 to $120.00 in a report on Wednesday, November 29th. Zacks Investment Research downgraded Zebra Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $125.00 price target on shares of Zebra Technologies in a report on Friday, November 10th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Zebra Technologies has a consensus rating of “Buy” and a consensus price target of $114.88.
Zebra Technologies Corp. (NASDAQ ZBRA) traded up $1.98 during trading on Friday, reaching $123.15. The company had a trading volume of 420,802 shares, compared to its average volume of 354,622. The stock has a market capitalization of $6,550.00, a PE ratio of 216.05, a PEG ratio of 1.99 and a beta of 1.59. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.74 and a current ratio of 1.22. Zebra Technologies Corp. has a 12 month low of $81.02 and a 12 month high of $123.66.
Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.14. The company had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $914.98 million. Zebra Technologies had a return on equity of 41.17% and a net margin of 0.82%. Zebra Technologies’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 earnings per share. equities research analysts anticipate that Zebra Technologies Corp. will post 6.37 EPS for the current fiscal year.
In other Zebra Technologies news, SVP Michael Cho sold 1,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $110.15, for a total value of $110,150.00. Following the completion of the sale, the senior vice president now owns 10,426 shares in the company, valued at $1,148,423.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Frank Blaise Modruson acquired 1,540 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was acquired at an average cost of $103.88 per share, with a total value of $159,975.20. Following the purchase, the director now owns 12,556 shares of the company’s stock, valued at $1,304,317.28. The disclosure for this purchase can be found here. Corporate insiders own 2.40% of the company’s stock.
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About Zebra Technologies
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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