Bank of America Corp DE decreased its holdings in Zebra Technologies (NASDAQ:ZBRA) by 22.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,237 shares of the industrial products company’s stock after selling 30,343 shares during the period. Bank of America Corp DE’s holdings in Zebra Technologies were worth $16,916,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. Hanseatic Management Services Inc. increased its holdings in Zebra Technologies by 3.3% in the 4th quarter. Hanseatic Management Services Inc. now owns 5,050 shares of the industrial products company’s stock worth $804,000 after buying an additional 162 shares in the last quarter. Comerica Securities Inc. grew its stake in shares of Zebra Technologies by 13.0% in the fourth 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Zebra Technologies by 4.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,436 shares of the industrial products company’s stock worth $706,000 after acquiring an additional 175 shares during the period. PRW Wealth Management LLC purchased a new position in shares of Zebra Technologies during the fourth quarter valued at approximately $29,000. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Zebra Technologies by 1.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,172 shares of the industrial products company’s stock valued at $3,371,000 after purchasing an additional 211 shares during the last quarter. Hedge funds and other institutional investors own 87.51% of the company’s stock.
In related news, Director Richard L. Keyser sold 9,500 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $210.96, for a total value of $2,004,120.00. Following the transaction, the director now directly owns 46,916 shares of the company’s stock, valued at approximately $9,897,399.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Michael H. Terzich sold 1,076 shares of Zebra Technologies stock in a transaction on Monday, March 11th. The shares were sold at an average price of $207.91, for a total value of $223,711.16. Following the transaction, the senior vice president now owns 41,345 shares in the company, valued at $8,596,038.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 114,894 shares of company stock valued at $23,721,363. Insiders own 2.30% of the company’s stock.
ZBRA opened at $218.33 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.49 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $11.53 billion, a P/E ratio of 21.34 and a beta of 1.45. Zebra Technologies has a 12-month low of $130.79 and a 12-month high of $219.66.
Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Thursday, February 14th. The industrial products company reported $3.10 EPS for the quarter, beating the Zacks’ consensus estimate of $2.84 by $0.26. Zebra Technologies had a net margin of 9.98% and a return on equity of 48.26%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the prior year, the company earned $2.33 earnings per share. The firm’s revenue was up 10.8% on a year-over-year basis. On average, equities research analysts predict that Zebra Technologies will post 11.73 earnings per share for the current year.
Several equities research analysts recently issued reports on ZBRA shares. Wellington Shields upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, December 27th. Zacks Investment Research cut Zebra Technologies from a “buy” rating to a “hold” rating in a report on Saturday, January 12th. BidaskClub upgraded Zebra Technologies from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 17th. ValuEngine raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, February 7th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $215.00 price objective (up previously from $192.00) on shares of Zebra Technologies in a research report on Friday, February 15th. They noted that the move was a valuation call. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $215.00.
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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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