We Are One Seven LLC boosted its stake in shares of Zebra Technologies (NASDAQ:ZBRA) by 94.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,678 shares of the industrial products company’s stock after acquiring an additional 1,788 shares during the quarter. We Are One Seven LLC’s holdings in Zebra Technologies were worth $770,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of ZBRA. Metropolitan Life Insurance Co. NY raised its position in shares of Zebra Technologies by 0.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 18,142 shares of the industrial products company’s stock valued at $2,889,000 after acquiring an additional 54 shares during the period. Huntington National Bank grew its stake in shares of Zebra Technologies by 62.9% during the 1st quarter. Huntington National Bank now owns 202 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 78 shares in the last quarter. Advisory Services Network LLC grew its stake in shares of Zebra Technologies by 33.3% during the 4th quarter. Advisory Services Network LLC now owns 316 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 79 shares in the last quarter. Hanseatic Management Services Inc. grew its stake in shares of Zebra Technologies by 3.3% during the 4th quarter. Hanseatic Management Services Inc. now owns 5,050 shares of the industrial products company’s stock worth $804,000 after acquiring an additional 162 shares in the last quarter. Finally, Comerica Securities Inc. grew its stake in shares of Zebra Technologies by 13.0% during the 4th quarter. Comerica Securities Inc. now owns 1,437 shares of the industrial products company’s stock worth $229,000 after acquiring an additional 165 shares in the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on ZBRA shares. Wellington Shields raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, December 27th. Zacks Investment Research cut shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, January 12th. BidaskClub raised shares of Zebra Technologies from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 17th. ValuEngine raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, February 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $215.00 price target (up previously from $192.00) on shares of Zebra Technologies in a report on Friday, February 15th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $215.00.
Shares of ZBRA traded down $0.45 during midday trading on Wednesday, reaching $233.76. 314 shares of the stock were exchanged, compared to its average volume of 411,875. Zebra Technologies has a twelve month low of $130.79 and a twelve month high of $234.95. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.49 and a current ratio of 0.89. The company has a market capitalization of $12.62 billion, a P/E ratio of 22.99 and a beta of 1.45.
Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Thursday, February 14th. The industrial products company reported $3.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.84 by $0.26. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.12 billion. Zebra Technologies had a return on equity of 48.26% and a net margin of 9.98%. The company’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.33 earnings per share. On average, equities research analysts predict that Zebra Technologies will post 11.73 earnings per share for the current fiscal year.
In other news, CMO Jeffrey F. Schmitz sold 1,382 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $212.95, for a total transaction of $294,296.90. Following the sale, the chief marketing officer now directly owns 10,748 shares in the company, valued at $2,288,786.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Bill Burns sold 2,297 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $212.41, for a total value of $487,905.77. Following the sale, the senior vice president now owns 33,536 shares in the company, valued at $7,123,381.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 114,894 shares of company stock valued at $23,721,363. 2.30% of the stock is owned by 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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