Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 5.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,979 shares of the industrial products company’s stock after selling 8,161 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.28% of Zebra Technologies worth $52,948,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Zebra Technologies in the second quarter valued at approximately $27,000. Farmers & Merchants Investments Inc. grew its holdings in shares of Zebra Technologies by 185.3% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 63 shares during the period. Concord Wealth Partners purchased a new position in Zebra Technologies during the 3rd quarter valued at about $30,000. Transcendent Capital Group LLC purchased a new position in shares of Zebra Technologies during the 2nd quarter worth approximately $32,000. Finally, Massmutual Trust Co. FSB ADV lifted its position in shares of 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 acquiring an additional 33 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Zebra Technologies

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the sale, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. This represents a 13.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.06% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on ZBRA shares. Robert W. Baird lifted their target price on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Needham & Company LLC lifted their price target on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Morgan Stanley raised their target price on Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a report on Wednesday, October 30th. UBS Group boosted their price objective on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Stephens increased their target price on Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $385.18.

Zebra Technologies Price Performance

Shares of Zebra Technologies stock opened at $407.00 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. The firm has a fifty day moving average price of $380.51 and a two-hundred day moving average price of $344.10. Zebra Technologies Co. has a fifty-two week low of $232.29 and a fifty-two week high of $409.03. The company has a market cap of $20.99 billion, a PE ratio of 55.37 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, beating the consensus estimate of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the firm earned $0.57 EPS. Zebra Technologies’s quarterly revenue was up 31.3% on a year-over-year basis. Analysts expect that Zebra Technologies Co. will post 12.4 EPS for the current year.

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.