Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 0.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 97,061 shares of the industrial products company’s stock after selling 492 shares during the period. Rhumbline Advisers’ holdings in Zebra Technologies were worth $29,985,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Transcendent Capital Group LLC acquired a new stake in shares of Zebra Technologies in the second quarter worth $32,000. Global Retirement Partners LLC increased its holdings in Zebra Technologies by 210.3% in the 1st quarter. Global Retirement Partners LLC now owns 121 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 82 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in Zebra Technologies in the 1st quarter valued at $36,000. Massmutual Trust Co. FSB ADV raised its position in Zebra Technologies by 38.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 33 shares during the period. Finally, Webster Bank N. A. lifted its stake in shares of Zebra Technologies by 792.9% during the second quarter. Webster Bank N. A. now owns 125 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 111 shares in the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Zebra Technologies Trading Down 2.5 %

NASDAQ:ZBRA opened at $320.77 on Friday. The company has a market cap of $16.55 billion, a PE ratio of 63.64 and a beta of 1.65. The business’s 50 day moving average is $329.71 and its two-hundred day moving average is $309.14. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 0.63. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $372.93.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 EPS 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 firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the company posted $3.24 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. On average, analysts predict that Zebra Technologies Co. will post 11.09 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ZBRA shares. TD Cowen increased their target price on Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Barclays lifted their price objective on shares of Zebra Technologies from $314.00 to $347.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Needham & Company LLC upped their target price on shares of Zebra Technologies from $370.00 to $394.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Vertical Research began coverage on shares of Zebra Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price target for the company. Finally, Redburn Atlantic upgraded shares of Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Zebra Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $349.64.

Insider Activity

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $341.69, for a total value of $341,690.00. Following the transaction, the insider now owns 9,694 shares of the company’s stock, valued at $3,312,342.86. The sale 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 Company 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.