Zebra Technologies Co. (NASDAQ:ZBRA) Stake Lessened by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its holdings in Zebra Technologies Co. (NASDAQ:ZBRAGet Rating) by 38.6% in the second quarter, Holdings Channel.com reports. The firm owned 15,007 shares of the industrial products company’s stock after selling 9,450 shares during the period. State of Alaska Department of Revenue’s holdings in Zebra Technologies were worth $4,411,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Zions Bancorporation N.A. increased its stake in shares of Zebra Technologies by 1,100.0% in the first quarter. Zions Bancorporation N.A. now owns 60 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 55 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Zebra Technologies by 58.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 68 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 25 shares during the last quarter. Baldwin Brothers LLC MA acquired a new position in shares of Zebra Technologies in the first quarter worth $41,000. O Dell Group LLC acquired a new position in Zebra Technologies during the fourth quarter worth $50,000. Finally, FourThought Financial LLC increased its position in Zebra Technologies by 220.0% during the first quarter. FourThought Financial LLC now owns 192 shares of the industrial products company’s stock worth $79,000 after buying an additional 132 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ZBRA shares. StockNews.com downgraded shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, June 9th. Needham & Company LLC lowered their target price on shares of Zebra Technologies from $500.00 to $450.00 and set a “buy” rating on the stock in a research report on Wednesday, August 3rd. UBS Group lowered their target price on shares of Zebra Technologies from $510.00 to $495.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th. Stephens lowered their price target on Zebra Technologies from $600.00 to $500.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 3rd. Finally, TheStreet downgraded Zebra Technologies from a “b-” rating to a “c+” rating in a research report on Monday, June 27th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Zebra Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $453.33.

Zebra Technologies Stock Down 0.2 %

NASDAQ ZBRA opened at $285.08 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.56 and a current ratio of 0.85. The firm has a 50-day simple moving average of $317.18 and a 200 day simple moving average of $343.00. Zebra Technologies Co. has a twelve month low of $281.66 and a twelve month high of $615.00. The stock has a market cap of $14.76 billion, a PE ratio of 22.03 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRAGet Rating) last released its earnings results on Tuesday, August 2nd. The industrial products company reported $4.61 earnings per share for the quarter, beating the consensus estimate of $3.93 by $0.68. Zebra Technologies had a net margin of 8.56% and a return on equity of 31.30%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the company earned $4.17 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. On average, research analysts forecast that Zebra Technologies Co. will post 16.89 EPS for the current year.

Insiders Place Their Bets

In other Zebra Technologies news, insider Stephen Edgar Williams sold 2,331 shares of the firm’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $328.50, for a total transaction of $765,733.50. Following the completion of the transaction, the insider now owns 1,976 shares in the company, valued at $649,116. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.94% of the company’s stock.

Zebra Technologies Company Profile

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

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

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