AlphaMark Advisors LLC raised its stake in Zebra Technologies (NASDAQ:ZBRA) by 2.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,345 shares of the industrial products company’s stock after buying an additional 439 shares during the period. Zebra Technologies comprises about 1.6% of AlphaMark Advisors LLC’s investment portfolio, making the stock its 18th biggest position. AlphaMark Advisors LLC’s holdings in Zebra Technologies were worth $3,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently modified their holdings of ZBRA. Psagot Investment House Ltd. bought a new position in shares of Zebra Technologies in the 2nd quarter worth $129,000. Reilly Financial Advisors LLC bought a new position in shares of Zebra Technologies in the 3rd quarter worth $142,000. Synovus Financial Corp bought a new position in shares of Zebra Technologies in the 2nd quarter worth $148,000. Moneta Group Investment Advisors LLC bought a new position in shares of Zebra Technologies in the 2nd quarter worth $158,000. Finally, Gilder Gagnon Howe & Co. LLC bought a new position in shares of Zebra Technologies in the 2nd quarter worth $180,000. 87.27% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently issued reports on ZBRA shares. Zacks Investment Research cut shares of Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 16th. BidaskClub cut shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. JPMorgan Chase & Co. set a $170.00 price objective on shares of Zebra Technologies and gave the company a “buy” rating in a research note on Monday, August 6th. Northcoast Research set a $200.00 price objective on shares of Zebra Technologies and gave the company a “buy” rating in a research note on Tuesday, August 7th. Finally, Needham & Company LLC upped their price objective on shares of Zebra Technologies from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, August 8th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $166.22.
Shares of Zebra Technologies stock opened at $178.74 on Wednesday. Zebra Technologies has a 52-week low of $101.49 and a 52-week high of $184.75. The firm has a market capitalization of $9.02 billion, a PE ratio of 27.93 and a beta of 1.55. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.09 and a quick ratio of 0.64.
Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $2.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.60 by $0.28. Zebra Technologies had a net margin of 4.33% and a return on equity of 49.48%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the company earned $1.87 EPS. The firm’s revenue was up 16.8% on a year-over-year basis. As a group, equities research analysts forecast that Zebra Technologies will post 9.62 EPS for the current year.
In other Zebra Technologies news, CEO Anders Gustafsson sold 24,916 shares of the stock in a transaction on Monday, August 13th. The shares were sold at an average price of $163.15, for a total transaction of $4,065,045.40. Following the completion of the sale, the chief executive officer now owns 314,092 shares of the company’s stock, valued at approximately $51,244,109.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael A. Smith sold 633 shares of the stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $164.84, for a total transaction of $104,343.72. Following the sale, the director now directly owns 59,829 shares of the company’s stock, valued at approximately $9,862,212.36. The disclosure for this sale can be found here. Insiders have sold a total of 59,538 shares of company stock valued at $9,817,605 in the last three months. 2.30% of the stock is currently owned by corporate insiders.
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About Zebra Technologies
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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