Artemis Investment Management LLP Sells 8,914 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Artemis Investment Management LLP trimmed its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 17.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 42,923 shares of the industrial products company’s stock after selling 8,914 shares during the quarter. Artemis Investment Management LLP’s holdings in Zebra Technologies were worth $15,895,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ZBRA. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Zebra Technologies during the second quarter valued at approximately $27,000. Farmers & Merchants Investments Inc. increased its holdings in Zebra Technologies by 185.3% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after buying an additional 63 shares during the period. Transcendent Capital Group LLC acquired a new position in shares of Zebra Technologies in the 2nd quarter valued at $32,000. BOK Financial Private Wealth Inc. bought a new position in shares of Zebra Technologies during the 1st quarter worth about $36,000. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of Zebra Technologies by 38.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 33 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the completion of the sale, the insider now directly owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Performance

Zebra Technologies stock opened at $368.97 on Wednesday. Zebra Technologies Co. has a 12-month low of $194.59 and a 12-month high of $375.88. The stock has a 50-day simple moving average of $344.91 and a 200 day simple moving average of $321.29. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $19.03 billion, a price-to-earnings ratio of 73.21 and a beta of 1.66.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.70. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the firm posted $3.24 earnings per share. The company’s revenue was up .2% on a year-over-year basis. On average, research analysts anticipate that Zebra Technologies Co. will post 11.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ZBRA shares. Truist Financial reissued a “hold” rating and issued a $345.00 price target (up previously from $315.00) on shares of Zebra Technologies in a research report on Wednesday, July 31st. TD Cowen raised their target price on Zebra Technologies from $375.00 to $380.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. BNP Paribas raised Zebra Technologies from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $258.00 to $305.00 in a research note on Thursday, June 13th. Robert W. Baird increased their price objective on Zebra Technologies from $355.00 to $375.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Vertical Research started coverage on Zebra Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $349.64.

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 that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, 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.