Massachusetts Financial Services Co. MA decreased its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 14.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 541,494 shares of the industrial products company's stock after selling 93,199 shares during the period. Massachusetts Financial Services Co. MA owned 1.05% of Zebra Technologies worth $200,526,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in ZBRA. Sequoia Financial Advisors LLC bought a new stake in Zebra Technologies during the third quarter valued at $247,000. Tidal Investments LLC grew its stake in Zebra Technologies by 172.3% during the first quarter. Tidal Investments LLC now owns 3,828 shares of the industrial products company's stock worth $1,154,000 after purchasing an additional 2,422 shares during the period. Park Avenue Securities LLC increased its holdings in Zebra Technologies by 23.0% in the second quarter. Park Avenue Securities LLC now owns 8,788 shares of the industrial products company's stock worth $2,715,000 after purchasing an additional 1,643 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Zebra Technologies by 24.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 15,290 shares of the industrial products company's stock valued at $4,724,000 after buying an additional 2,979 shares during the period. Finally, Raymond James & Associates grew its position in shares of Zebra Technologies by 2.5% during the 2nd quarter. Raymond James & Associates now owns 196,636 shares of the industrial products company's stock worth $60,747,000 after buying an additional 4,750 shares during the period. 91.03% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on ZBRA. StockNews.com raised shares of Zebra Technologies from a "hold" rating to a "buy" rating in a research note on Thursday, October 31st. Morgan Stanley boosted their target price on Zebra Technologies from $290.00 to $305.00 and gave the company an "underweight" rating in a research report on Wednesday, October 30th. UBS Group increased their price target on Zebra Technologies from $390.00 to $445.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Stephens boosted their price objective on Zebra Technologies from $380.00 to $410.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. Finally, Truist Financial reiterated a "hold" rating and issued a $383.00 target price (up from $379.00) on shares of Zebra Technologies in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Zebra Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $385.18.
Read Our Latest Report on ZBRA
Zebra Technologies Stock Up 1.2 %
Shares of ZBRA stock traded up $4.88 on Friday, hitting $397.19. The stock had a trading volume of 232,019 shares, compared to its average volume of 502,865. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. The business has a 50 day moving average of $375.69 and a 200 day moving average of $341.07. Zebra Technologies Co. has a 12-month low of $225.83 and a 12-month high of $405.62. The stock has a market cap of $20.49 billion, a price-to-earnings ratio of 54.04 and a beta of 1.64.
Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, beating the consensus estimate of $2.92 by $0.57. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The company's revenue for the quarter was up 31.3% on a year-over-year basis. During the same quarter last year, the business posted $0.57 EPS. As a group, analysts expect that Zebra Technologies Co. will post 12.4 EPS for the current year.
Insider Activity
In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the business's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the sale, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. The trade was a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.06% of the company's stock.
About Zebra Technologies
(
Free Report)
Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.
Further Reading
![Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NASDAQ&Symbol=ZBRA)
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