TD Asset Management Inc lowered its holdings in Zebra Technologies Co. (NASDAQ:ZBRA – Free Report) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,227 shares of the industrial products company’s stock after selling 678 shares during the period. TD Asset Management Inc’s holdings in Zebra Technologies were worth $5,688,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of ZBRA. Zions Bancorporation N.A. raised its stake in shares of Zebra Technologies by 1,100.0% in the first quarter. Zions Bancorporation N.A. now owns 60 shares of the industrial products company’s stock valued at $25,000 after buying an additional 55 shares during the period. Venturi Wealth Management LLC bought a new stake in shares of Zebra Technologies in the first quarter valued at $27,000. Silicon Valley Capital Partners bought a new stake in shares of Zebra Technologies in the first quarter valued at $29,000. Clear Street Markets LLC raised its stake in shares of Zebra Technologies by 92.5% in the first quarter. Clear Street Markets LLC now owns 102 shares of the industrial products company’s stock valued at $32,000 after buying an additional 49 shares during the period. Finally, Clearstead Trust LLC bought a new stake in shares of Zebra Technologies in the second quarter valued at $34,000. Hedge funds and other institutional investors own 85.44% of the company’s stock.
Analysts Set New Price Targets
Several analysts have issued reports on the company. Wolfe Research upgraded Zebra Technologies from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, August 2nd. StockNews.com lowered Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Friday. Credit Suisse Group decreased their price objective on Zebra Technologies from $295.00 to $275.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 2nd. Stephens decreased their price objective on Zebra Technologies from $350.00 to $300.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 1st. Finally, BNP Paribas began coverage on Zebra Technologies in a research note on Thursday, October 5th. They set an “underperform” rating and a $183.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Zebra Technologies currently has an average rating of “Hold” and an average target price of $267.00.
Insider Transactions at Zebra Technologies
In other news, CFO Nathan Andrew Winters acquired 479 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was purchased at an average cost of $209.99 per share, for a total transaction of $100,585.21. Following the acquisition, the chief financial officer now owns 10,762 shares of the company’s stock, valued at $2,259,912.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Nathan Andrew Winters bought 479 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was bought at an average cost of $209.99 per share, for a total transaction of $100,585.21. Following the acquisition, the chief financial officer now directly owns 10,762 shares of the company’s stock, valued at approximately $2,259,912.38. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Bill Burns bought 1,219 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were bought at an average price of $205.00 per share, with a total value of $249,895.00. Following the completion of the acquisition, the chief executive officer now directly owns 22,006 shares in the company, valued at $4,511,230. The disclosure for this purchase can be found here. Company insiders own 1.06% of the company’s stock.
Zebra Technologies Price Performance
Shares of NASDAQ ZBRA opened at $220.54 on Tuesday. The firm has a market capitalization of $11.33 billion, a P/E ratio of 24.59 and a beta of 1.73. The company has a quick ratio of 0.51, a current ratio of 1.06 and a debt-to-equity ratio of 0.70. The stock’s 50-day simple moving average is $220.08 and its two-hundred day simple moving average is $257.48. Zebra Technologies Co. has a twelve month low of $194.59 and a twelve month high of $351.74.
Zebra Technologies (NASDAQ:ZBRA – Get Free Report) last posted its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. Zebra Technologies had a return on equity of 21.07% and a net margin of 9.16%. The firm had revenue of $956.00 million during the quarter, compared to analysts’ expectations of $927.30 million. During the same period in the prior year, the business earned $3.65 EPS. The company’s revenue for the quarter was down 30.6% compared to the same quarter last year. As a group, equities analysts anticipate that Zebra Technologies Co. will post 8.7 EPS for the current fiscal 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, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our 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.
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