IFP Advisors Inc Sells 174 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

IFP Advisors Inc lowered its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 36.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 307 shares of the industrial products company’s stock after selling 174 shares during the quarter. IFP Advisors Inc’s holdings in Zebra Technologies were worth $146,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in Zebra Technologies by 11.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,429,247 shares of the industrial products company’s stock valued at $549,301,000 after purchasing an additional 145,268 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in Zebra Technologies by 5.5% during the fourth quarter. Lazard Asset Management LLC now owns 811,364 shares of the industrial products company’s stock valued at $311,830,000 after purchasing an additional 42,351 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Zebra Technologies by 2.7% in the fourth quarter. Wells Fargo & Company MN now owns 789,593 shares of the industrial products company’s stock worth $303,466,000 after buying an additional 20,692 shares in the last quarter. Norges Bank purchased a new stake in shares of Zebra Technologies in the fourth quarter worth about $202,920,000. Finally, Nordea Investment Management AB lifted its holdings in shares of Zebra Technologies by 32.4% in the fourth quarter. Nordea Investment Management AB now owns 471,764 shares of the industrial products company’s stock worth $181,313,000 after buying an additional 115,334 shares in the last quarter. Institutional investors own 86.36% of the company’s stock.

In related news, CEO Anders Gustafsson sold 15,865 shares of the firm’s stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $479.39, for a total value of $7,605,522.35. Following the completion of the sale, the chief executive officer now owns 205,934 shares of the company’s stock, valued at $98,722,700.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Colleen M. O’sullivan sold 967 shares of the firm’s stock in a transaction on Friday, February 19th. The stock was sold at an average price of $490.10, for a total value of $473,926.70. Following the completion of the sale, the chief accounting officer now directly owns 4,509 shares of the company’s stock, valued at approximately $2,209,860.90. The disclosure for this sale can be found here. Insiders sold 52,449 shares of company stock worth $25,872,123 in the last 90 days. Company insiders own 2.00% of the company’s stock.

A number of brokerages have recently issued reports on ZBRA. Needham & Company LLC increased their price target on shares of Zebra Technologies from $515.00 to $525.00 and gave the stock a “buy” rating in a report on Tuesday, May 11th. Zacks Investment Research upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating and set a $574.00 price objective on the stock in a research report on Friday, February 26th. William Blair restated a “market perform” rating on shares of Zebra Technologies in a research report on Friday, February 19th. Morgan Stanley restated an “underweight” rating and issued a $410.00 price objective (up from $380.00) on shares of Zebra Technologies in a research report on Tuesday, April 27th. Finally, Northcoast Research upgraded shares of Zebra Technologies from a “neutral” rating to a “buy” rating and set a $560.00 price objective on the stock in a research report on Monday, March 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. Zebra Technologies currently has an average rating of “Buy” and a consensus target price of $435.57.

Shares of NASDAQ ZBRA opened at $486.73 on Monday. Zebra Technologies Co. has a one year low of $216.65 and a one year high of $518.66. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.79 and a quick ratio of 0.42. The firm’s 50 day simple moving average is $491.04 and its two-hundred day simple moving average is $426.23. The stock has a market capitalization of $26.02 billion, a P/E ratio of 53.55 and a beta of 1.54.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, May 4th. The industrial products company reported $4.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.13 by $0.66. Zebra Technologies had a net margin of 11.41% and a return on equity of 34.83%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the business earned $2.67 earnings per share. The business’s revenue was up 28.0% on a year-over-year basis. As a group, equities analysts expect that Zebra Technologies Co. will post 10.36 earnings per share for the current fiscal year.

Zebra Technologies 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, which produce labels, wristbands, tickets, receipts, and plastic cards; RFID printers and encoders; accessories and options for its printers, including 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, as well as self-laminating wristbands for use in laser printers.

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Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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