361 Capital LLC acquired a new position in Zebra Technologies Corporation (NASDAQ:ZBRA) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 18,944 shares of the industrial products company’s stock, valued at approximately $2,057,000.
A number of other hedge funds also recently bought and sold shares of ZBRA. Penserra Capital Management LLC bought a new position in Zebra Technologies Corporation in the 2nd quarter worth approximately $100,000. Fieldpoint Private Securities LLC bought a new position in Zebra Technologies Corporation in the 2nd quarter worth approximately $136,000. Advisor Group Inc. raised its position in Zebra Technologies Corporation by 0.8% in the 2nd quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock worth $161,000 after purchasing an additional 13 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Zebra Technologies Corporation by 3.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,885 shares of the industrial products company’s stock worth $189,000 after purchasing an additional 71 shares during the last quarter. Finally, ARP Americas LLC bought a new position in Zebra Technologies Corporation in the 3rd quarter worth approximately $202,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.
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In other news, Director Frank Blaise Modruson purchased 1,540 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was bought at an average price of $103.88 per share, with a total value of $159,975.20. Following the acquisition, the director now directly owns 12,556 shares of the company’s stock, valued at $1,304,317.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.50% of the stock is owned by insiders.
Several research analysts recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and issued a $118.00 price objective (up previously from $107.00) on shares of Zebra Technologies Corporation in a research report on Thursday, August 10th. BidaskClub cut shares of Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research cut shares of Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday. J P Morgan Chase & Co upped their target price on shares of Zebra Technologies Corporation to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, November 7th. Finally, Northcoast Research upgraded shares of Zebra Technologies Corporation from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 31st. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $111.75.
Shares of Zebra Technologies Corporation (NASDAQ ZBRA) traded up $0.90 during mid-day trading on Friday, hitting $108.76. 470,830 shares of the stock traded hands, compared to its average volume of 337,228. Zebra Technologies Corporation has a one year low of $72.73 and a one year high of $117.44. The firm has a market cap of $5,740.00, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 2.21 and a beta of 1.62. The company has a quick ratio of 0.74, a current ratio of 1.22 and a debt-to-equity ratio of 3.01.
Zebra Technologies Corporation (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.14. Zebra Technologies Corporation had a net margin of 0.82% and a return on equity of 41.17%. The company had revenue of $935.00 million during the quarter, compared to analyst estimates of $914.98 million. During the same quarter in the previous year, the business earned $1.43 EPS. The firm’s revenue was up 3.4% on a year-over-year basis. sell-side analysts predict that Zebra Technologies Corporation will post 6.34 earnings per share for the current year.
Zebra Technologies Corporation Company Profile
Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.
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