Ritholtz Wealth Management lifted its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 43.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,295 shares of the industrial products company’s stock after purchasing an additional 392 shares during the period. Ritholtz Wealth Management’s holdings in Zebra Technologies were worth $628,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Ancora Advisors LLC grew its holdings in shares of Zebra Technologies by 47.9% in the fourth quarter. Ancora Advisors LLC now owns 71 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 23 shares during the last quarter. CX Institutional grew its holdings in Zebra Technologies by 14.6% during the 1st quarter. CX Institutional now owns 181 shares of the industrial products company’s stock worth $88,000 after acquiring an additional 23 shares in the last quarter. Berman Capital Advisors LLC grew its holdings in Zebra Technologies by 42.6% during the 1st quarter. Berman Capital Advisors LLC now owns 77 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 23 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Zebra Technologies by 2.0% during the 1st quarter. Mercer Global Advisors Inc. ADV now owns 1,286 shares of the industrial products company’s stock worth $624,000 after acquiring an additional 25 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Zebra Technologies by 0.8% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,305 shares of the industrial products company’s stock worth $1,603,000 after acquiring an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 82.76% of the company’s stock.
In related news, CEO Anders Gustafsson sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 20th. The shares were sold at an average price of $489.23, for a total value of $9,784,600.00. Following the completion of the transaction, the chief executive officer now directly owns 208,035 shares of the company’s stock, valued at approximately $101,776,963.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen Edgar Williams sold 914 shares of the stock in a transaction that occurred on Friday, May 7th. The shares were sold at an average price of $484.18, for a total transaction of $442,540.52. Following the completion of the transaction, the insider now directly owns 3,349 shares of the company’s stock, valued at $1,621,518.82. The disclosure for this sale can be found here. Insiders sold a total of 38,413 shares of company stock valued at $19,012,148 over the last ninety days. 1.11% of the stock is currently owned by insiders.
Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, May 4th. The industrial products company reported $4.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.13 by $0.66. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. Zebra Technologies had a net margin of 13.56% and a return on equity of 35.90%. Zebra Technologies’s revenue was up 28.0% on a year-over-year basis. During the same period last year, the firm posted $2.67 EPS. As a group, sell-side analysts expect that Zebra Technologies Co. will post 15.14 EPS for the current year.
Several brokerages have issued reports on ZBRA. Zacks Investment Research upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating and set a $574.00 target price on the stock in a report on Friday, February 26th. Morgan Stanley reiterated an “underweight” rating and set a $410.00 target price (up from $380.00) on shares of Zebra Technologies in a report on Tuesday, April 27th. William Blair reiterated a “market perform” rating on shares of Zebra Technologies in a report on Friday, February 19th. Northcoast Research raised shares of Zebra Technologies from a “neutral” rating to a “buy” rating and set a $560.00 price target for the company in a research report on Tuesday, March 23rd. Finally, Needham & Company LLC increased their price target on shares of Zebra Technologies from $515.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, May 5th. One 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 stock. Zebra Technologies presently has an average rating of “Buy” and a consensus target price of $435.57.
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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