Verition Fund Management LLC Has $3.02 Million Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Verition Fund Management LLC cut its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 26.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,160 shares of the industrial products company's stock after selling 2,922 shares during the period. Verition Fund Management LLC's holdings in Zebra Technologies were worth $3,022,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Concord Wealth Partners acquired a new stake in Zebra Technologies during the third quarter worth about $30,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Zebra Technologies during the second quarter valued at approximately $27,000. Farmers & Merchants Investments Inc. grew its stake in Zebra Technologies by 185.3% during the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company's stock worth $30,000 after buying an additional 63 shares during the period. Transcendent Capital Group LLC acquired a new stake in shares of Zebra Technologies in the second quarter worth $32,000. Finally, Blue Trust Inc. raised its stake in shares of Zebra Technologies by 136.7% in the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company's stock valued at $43,000 after acquiring an additional 67 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the business's stock in a transaction dated Thursday, October 31st. The shares were 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 approximately $4,359,738.33. The trade was a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ZBRA shares. TD Cowen raised their price objective on Zebra Technologies from $380.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Morgan Stanley upgraded Zebra Technologies from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $305.00 to $400.00 in a report on Monday. StockNews.com raised shares of Zebra Technologies from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st. Robert W. Baird boosted their target price on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Finally, Needham & Company LLC upped their target price on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with 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, the company presently has an average rating of "Moderate Buy" and an average target price of $393.82.

Zebra Technologies Stock Performance

Shares of ZBRA stock traded down $3.01 during trading hours on Thursday, reaching $408.93. The stock had a trading volume of 122,615 shares, compared to its average volume of 359,373. 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 firm has a 50-day simple moving average of $383.25 and a 200-day simple moving average of $346.13. The firm has a market capitalization of $21.09 billion, a PE ratio of 56.05 and a beta of 1.63. Zebra Technologies Co. has a twelve month low of $232.29 and a twelve month high of $413.27.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its earnings results 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. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same period last year, the firm earned $0.57 EPS. The firm's revenue was up 31.3% compared to the same quarter last year. As a group, equities analysts forecast that Zebra Technologies Co. will post 12.4 earnings per share for the current year.

Zebra Technologies Company Profile

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.