Zebra Technologies (NASDAQ:ZBRA) Stock Position Lowered by Rothschild Investment Corp IL

Rothschild Investment Corp IL lessened its position in Zebra Technologies (NASDAQ:ZBRA) by 8.4% during the third quarter, Holdings Channel reports. The institutional investor owned 2,020 shares of the industrial products company’s stock after selling 185 shares during the quarter. Rothschild Investment Corp IL’s holdings in Zebra Technologies were worth $417,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. We Are One Seven LLC raised its stake in shares of Zebra Technologies by 1.6% in the 3rd quarter. We Are One Seven LLC now owns 3,725 shares of the industrial products company’s stock worth $769,000 after buying an additional 60 shares in the last quarter. Cooper Financial Group raised its stake in shares of Zebra Technologies by 11.9% in the 3rd quarter. Cooper Financial Group now owns 2,187 shares of the industrial products company’s stock worth $451,000 after buying an additional 232 shares in the last quarter. Scout Investments Inc. raised its position in shares of Zebra Technologies by 29.5% during the third quarter. Scout Investments Inc. now owns 201,518 shares of the industrial products company’s stock worth $41,587,000 after purchasing an additional 45,929 shares during the period. Skyline Asset Management LP raised its position in shares of Zebra Technologies by 0.3% during the third quarter. Skyline Asset Management LP now owns 34,200 shares of the industrial products company’s stock worth $7,058,000 after purchasing an additional 100 shares during the period. Finally, First Hawaiian Bank raised its position in shares of Zebra Technologies by 33.9% during the third quarter. First Hawaiian Bank now owns 4,326 shares of the industrial products company’s stock worth $892,000 after purchasing an additional 1,096 shares during the period. 88.90% of the stock is currently owned by institutional investors.

In other news, CEO Anders Gustafsson sold 19,650 shares of Zebra Technologies stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $211.36, for a total transaction of $4,153,224.00. Following the transaction, the chief executive officer now owns 283,533 shares in the company, valued at $59,927,534.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Chirantan Jitendra Desai sold 1,978 shares of Zebra Technologies stock in a transaction on Monday, August 19th. The shares were sold at an average price of $206.60, for a total value of $408,654.80. Following the transaction, the director now owns 5,955 shares in the company, valued at approximately $1,230,303. The disclosure for this sale can be found here. Insiders have sold 23,177 shares of company stock worth $4,865,483 in the last quarter. 1.77% of the stock is currently owned by corporate insiders.

Shares of Zebra Technologies stock opened at $194.60 on Friday. The stock’s fifty day moving average is $202.23 and its 200-day moving average is $202.03. The firm has a market capitalization of $10.37 billion, a PE ratio of 19.02 and a beta of 1.62. The company has a quick ratio of 0.59, a current ratio of 0.99 and a debt-to-equity ratio of 1.07. Zebra Technologies has a 12-month low of $140.95 and a 12-month high of $237.15.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.02 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.32. Zebra Technologies had a return on equity of 43.60% and a net margin of 10.95%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company posted $2.48 earnings per share. Zebra Technologies’s revenue for the quarter was up 8.4% compared to the same quarter last year. Analysts expect that Zebra Technologies will post 12.04 EPS for the current year.

A number of brokerages have recently issued reports on ZBRA. Wellington Shields lowered Zebra Technologies from a “gradually accumulate” rating to a “hold” rating in a research report on Thursday, July 18th. BidaskClub lowered Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 17th. Imperial Capital reaffirmed an “outperform” rating and set a $245.00 target price (up from $230.00) on shares of Zebra Technologies in a research report on Thursday, August 1st. Morgan Stanley boosted their target price on Zebra Technologies from $189.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Monday, September 16th. Finally, Zacks Investment Research lowered Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $227.00.

About Zebra Technologies

Zebra (NASDAQ: ZBRA) empowers the front line of business in retail/ecommerce, manufacturing, transportation and logistics, healthcare and other industries to achieve a performance edge. With more than 10,000 partners across 100 countries, they deliver industry-tailored, end-to-end solutions that intelligently connect people, assets and data to help our customers make business-critical decisions. Their market-leading solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care.

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Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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