Vident Investment Advisory LLC raised its holdings in Zebra Technologies Corp. (NASDAQ:ZBRA) by 33.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 300,581 shares of the industrial products company’s stock after purchasing an additional 75,923 shares during the period. Zebra Technologies makes up 1.4% of Vident Investment Advisory LLC’s portfolio, making the stock its 10th biggest position. Vident Investment Advisory LLC’s holdings in Zebra Technologies were worth $31,200,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Skylands Capital LLC increased its holdings in Zebra Technologies by 82.2% in the 4th quarter. Skylands Capital LLC now owns 22,050 shares of the industrial products company’s stock valued at $2,289,000 after buying an additional 9,950 shares during the period. Ameriprise Financial Inc. increased its holdings in Zebra Technologies by 3.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 168,618 shares of the industrial products company’s stock valued at $18,308,000 after buying an additional 6,143 shares during the period. Dimensional Fund Advisors LP increased its holdings in Zebra Technologies by 3.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 473,296 shares of the industrial products company’s stock valued at $51,391,000 after buying an additional 14,033 shares during the period. JPMorgan Chase & Co. increased its holdings in Zebra Technologies by 44.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 123,592 shares of the industrial products company’s stock valued at $13,476,000 after buying an additional 38,129 shares during the period. Finally, Meritage Portfolio Management bought a new stake in Zebra Technologies in the 4th quarter valued at $5,217,000. 90.02% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have issued reports on the stock. ValuEngine raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Northcoast Research set a $162.00 price target on shares of Zebra Technologies and gave the company a “buy” rating in a report on Friday, February 23rd. JPMorgan Chase & Co. lowered shares of Zebra Technologies from an “overweight” rating to a “neutral” rating and set a $150.00 price target on the stock. in a report on Monday, February 26th. Needham & Company LLC boosted their price target on shares of Zebra Technologies to $147.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Finally, Barrington Research boosted their price target on shares of Zebra Technologies to $150.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Zebra Technologies currently has a consensus rating of “Buy” and a consensus price target of $138.78.
Shares of Zebra Technologies Corp. (NASDAQ:ZBRA) opened at $146.63 on Thursday. The company has a quick ratio of 0.61, a current ratio of 1.06 and a debt-to-equity ratio of 2.61. Zebra Technologies Corp. has a fifty-two week low of $84.32 and a fifty-two week high of $148.71. The firm has a market cap of $7,678.65, a PE ratio of 458.73, a PEG ratio of 2.33 and a beta of 1.48.
Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Thursday, February 22nd. The industrial products company reported $2.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.12 by $0.21. Zebra Technologies had a net margin of 0.46% and a return on equity of 42.96%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $984.33 million. During the same quarter in the prior year, the firm earned $1.93 EPS. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. research analysts expect that Zebra Technologies Corp. will post 8.25 earnings per share for the current year.
In related news, CMO Jeffrey F. Schmitz sold 1,474 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $141.49, for a total transaction of $208,556.26. Following the transaction, the chief marketing officer now owns 5,565 shares in the company, valued at approximately $787,391.85. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Jim L. Kaput sold 4,884 shares of the company’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $145.24, for a total transaction of $709,352.16. Following the transaction, the senior vice president now owns 23,374 shares in the company, valued at approximately $3,394,839.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,780 shares of company stock worth $8,029,513. 2.40% of the stock is owned by insiders.
Zebra Technologies 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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