Ibex Investors LLC decreased its stake in shares of Zebra Technologies (NASDAQ:ZBRA) by 56.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,172 shares of the industrial products company’s stock after selling 1,544 shares during the period. Ibex Investors LLC’s holdings in Zebra Technologies were worth $207,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Reilly Financial Advisors LLC purchased a new position in Zebra Technologies during the third quarter worth $142,000. Moneta Group Investment Advisors LLC purchased a new position in Zebra Technologies during the second quarter worth $158,000. Comerica Securities Inc. purchased a new position in Zebra Technologies during the third quarter worth $225,000. Arthur M. Cohen & Associates LLC purchased a new position in Zebra Technologies during the third quarter worth $241,000. Finally, KCM Investment Advisors LLC purchased a new position in Zebra Technologies during the second quarter worth $201,000. 86.39% of the stock is owned by institutional investors.
In other Zebra Technologies news, SVP Joachim Heel sold 2,480 shares of the business’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $182.38, for a total transaction of $452,302.40. Following the completion of the sale, the senior vice president now owns 24,412 shares of the company’s stock, valued at $4,452,260.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Andrew K. Ludwick sold 34,000 shares of the business’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $178.04, for a total value of $6,053,360.00. Following the sale, the director now directly owns 34,952 shares of the company’s stock, valued at approximately $6,222,854.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,640 shares of company stock valued at $12,930,449. 2.30% of the stock is owned by company insiders.
Shares of NASDAQ:ZBRA opened at $165.34 on Friday. The firm has a market capitalization of $9.20 billion, a PE ratio of 25.83 and a beta of 1.55. The company has a quick ratio of 0.64, a current ratio of 1.09 and a debt-to-equity ratio of 1.51. Zebra Technologies has a 52 week low of $101.49 and a 52 week high of $184.75.
Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $2.88 EPS for the quarter, beating the Zacks’ consensus estimate of $2.60 by $0.28. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. Zebra Technologies had a return on equity of 49.81% and a net margin of 7.55%. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.87 earnings per share. On average, research analysts anticipate that Zebra Technologies will post 10.04 earnings per share for the current fiscal year.
ZBRA has been the subject of a number of recent analyst reports. Needham & Company LLC lifted their price objective on Zebra Technologies to $192.00 and gave the company a “buy” rating in a research report on Wednesday, November 7th. BidaskClub raised Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Zebra Technologies in a research report on Friday, September 21st. Robert W. Baird lifted their price objective on Zebra Technologies from $175.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday, November 12th. Finally, Imperial Capital lifted their price objective on Zebra Technologies from $120.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, August 10th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $180.22.
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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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