Massachusetts Financial Services Co. MA raised its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 2.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 485,017 shares of the industrial products company’s stock after buying an additional 13,802 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Zebra Technologies were worth $122,447,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of ZBRA. Signaturefd LLC lifted its stake in Zebra Technologies by 48.3% during the second quarter. Signaturefd LLC now owns 129 shares of the industrial products company’s stock valued at $33,000 after buying an additional 42 shares in the last quarter. CX Institutional lifted its stake in Zebra Technologies by 329.0% during the third quarter. CX Institutional now owns 133 shares of the industrial products company’s stock valued at $34,000 after buying an additional 102 shares in the last quarter. Braun Bostich & Associates Inc. purchased a new stake in Zebra Technologies during the third quarter valued at about $49,000. Northwest Investment Counselors LLC purchased a new stake in shares of Zebra Technologies in the third quarter worth approximately $50,000. Finally, AlphaMark Advisors LLC lifted its position in shares of Zebra Technologies by 843.5% in the third quarter. AlphaMark Advisors LLC now owns 217 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 194 shares in the last quarter. 86.36% of the stock is owned by institutional investors.
In other Zebra Technologies news, SVP Bill Burns sold 5,371 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $294.67, for a total transaction of $1,582,672.57. Following the transaction, the senior vice president now owns 11,388 shares in the company, valued at $3,355,701.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Colleen M. O’sullivan sold 1,314 shares of the stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $339.80, for a total value of $446,497.20. In the last quarter, insiders have sold 80,381 shares of company stock worth $27,848,362. Corporate insiders own 2.00% of the company’s stock.
NASDAQ:ZBRA opened at $372.73 on Friday. The stock’s 50 day moving average price is $316.93 and its 200 day moving average price is $276.36. Zebra Technologies Co. has a 52 week low of $150.06 and a 52 week high of $379.91. The company has a market capitalization of $19.87 billion, a P/E ratio of 41.00 and a beta of 1.54. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.42 and a current ratio of 0.79.
Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Sunday, November 8th. The industrial products company reported $3.27 EPS for the quarter, beating the consensus estimate of $2.81 by $0.46. Zebra Technologies had a return on equity of 34.83% and a net margin of 11.41%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company posted $3.43 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, sell-side analysts forecast that Zebra Technologies Co. will post 10.36 earnings per share for the current fiscal year.
ZBRA has been the subject of a number of research analyst reports. Needham & Company LLC increased their price target on shares of Zebra Technologies from $320.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, November 4th. Morgan Stanley increased their price target on shares of Zebra Technologies from $240.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 4th. JPMorgan Chase & Co. increased their price target on shares of Zebra Technologies from $280.00 to $296.00 and gave the stock a “neutral” rating in a research report on Thursday, October 15th. They noted that the move was a valuation call. BidaskClub raised shares of Zebra Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 21st. Finally, Wolfe Research assumed coverage on Zebra Technologies in a report on Tuesday, August 25th. They issued an “outperform” rating and a $309.00 price objective on the stock. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $289.33.
About Zebra Technologies
Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. The company operates in two segments, Asset Intelligence & Tracking and Enterprise Visibility & Mobility.
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