Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd reduced its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 90.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,538 shares of the industrial products company's stock after selling 15,040 shares during the quarter. Quadrature Capital Ltd's holdings in Zebra Technologies were worth $569,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. WCM Investment Management LLC grew its stake in Zebra Technologies by 0.3% in the 3rd quarter. WCM Investment Management LLC now owns 9,501 shares of the industrial products company's stock worth $3,502,000 after acquiring an additional 27 shares in the last quarter. KPP Advisory Services LLC boosted its holdings in shares of Zebra Technologies by 2.3% in the third quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company's stock valued at $461,000 after purchasing an additional 28 shares during the period. Cascade Investment Advisors Inc. grew its stake in Zebra Technologies by 0.7% in the third quarter. Cascade Investment Advisors Inc. now owns 4,387 shares of the industrial products company's stock worth $1,625,000 after purchasing an additional 30 shares in the last quarter. Private Advisor Group LLC increased its holdings in Zebra Technologies by 1.4% during the 3rd quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company's stock worth $821,000 after purchasing an additional 31 shares during the period. Finally, Metis Global Partners LLC raised its position in Zebra Technologies by 1.9% during the 3rd quarter. Metis Global Partners LLC now owns 1,649 shares of the industrial products company's stock valued at $611,000 after purchasing an additional 31 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Needham & Company LLC increased their price target on Zebra Technologies from $394.00 to $430.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. TD Cowen raised their target price on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. UBS Group upped their price target on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. StockNews.com raised shares of Zebra Technologies from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. Finally, Robert W. Baird boosted their price objective on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Zebra Technologies presently has an average rating of "Moderate Buy" and an average price target of $393.82.

Zebra Technologies Stock Up 0.5 %

Shares of Zebra Technologies stock traded up $1.91 during trading on Monday, reaching $411.23. The company's stock had a trading volume of 259,578 shares, compared to its average volume of 359,145. The company has a 50-day simple moving average of $384.73 and a two-hundred day simple moving average of $347.48. Zebra Technologies Co. has a 1-year low of $233.95 and a 1-year high of $413.43. The company has a market cap of $21.21 billion, a price-to-earnings ratio of 55.69 and a beta of 1.64. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping analysts' consensus estimates of $2.92 by $0.57. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The company's revenue was up 31.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 earnings per share. As a group, equities analysts forecast that Zebra Technologies Co. will post 12.4 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the company's stock in a transaction that occurred 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 owns 11,421 shares in the company, valued at $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.04% of the company's stock.

About Zebra Technologies

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.