Executive Wealth Management LLC acquired a new stake in Zebra Technologies (NASDAQ:ZBRA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 267 shares of the industrial products company’s stock, valued at approximately $43,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Zebra Technologies by 17.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 119,249 shares of the industrial products company’s stock worth $21,086,000 after buying an additional 17,432 shares during the period. PNC Financial Services Group Inc. increased its stake in Zebra Technologies by 27.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,170 shares of the industrial products company’s stock worth $1,798,000 after buying an additional 2,173 shares during the period. Martingale Asset Management L P purchased a new position in Zebra Technologies in the 3rd quarter worth about $4,071,000. BlackRock Inc. increased its stake in Zebra Technologies by 3.4% in the 3rd quarter. BlackRock Inc. now owns 4,789,918 shares of the industrial products company’s stock worth $847,002,000 after buying an additional 155,572 shares during the period. Finally, FMR LLC increased its position in Zebra Technologies by 208.6% during the 3rd quarter. FMR LLC now owns 698,886 shares of the industrial products company’s stock valued at $123,585,000 after purchasing an additional 472,441 shares during the period. 87.44% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have commented on ZBRA. BidaskClub downgraded shares of Zebra Technologies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 31st. Zacks Investment Research downgraded shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, January 12th. Imperial Capital reissued an “outperform” rating and set a $225.00 target price (up previously from $195.00) on shares of Zebra Technologies in a research report on Thursday, February 21st. JPMorgan Chase & Co. raised shares of Zebra Technologies to an “overweight” rating and raised their target price for the company from $212.00 to $225.00 in a research report on Friday, March 15th. Finally, ValuEngine raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, February 7th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Zebra Technologies currently has an average rating of “Buy” and a consensus price target of $215.00.
Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Thursday, February 14th. The industrial products company reported $3.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.26. Zebra Technologies had a net margin of 9.98% and a return on equity of 48.26%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the firm earned $2.33 EPS. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. As a group, equities research analysts forecast that Zebra Technologies will post 11.73 EPS for the current fiscal year.
In related news, Director Richard L. Keyser sold 9,500 shares of Zebra Technologies stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $210.96, for a total value of $2,004,120.00. Following the completion of the sale, the director now directly owns 46,916 shares in the company, valued at approximately $9,897,399.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anders Gustafsson sold 13,073 shares of Zebra Technologies stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $200.71, for a total transaction of $2,623,881.83. Following the completion of the sale, the chief executive officer now owns 372,903 shares of the company’s stock, valued at $74,845,361.13. The disclosure for this sale can be found here. In the last ninety days, insiders sold 114,894 shares of company stock worth $23,721,363. Insiders own 1.77% of the company’s stock.
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Zebra Technologies Company Profile
With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.
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