GSA Capital Partners LLP Trims Position in Zebra Technologies (ZBRA)

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GSA Capital Partners LLP lowered its holdings in Zebra Technologies (NASDAQ:ZBRA) by 47.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 8,257 shares of the industrial products company’s stock after selling 7,540 shares during the quarter. GSA Capital Partners LLP’s holdings in Zebra Technologies were worth $1,460,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ZBRA. Wells Fargo & Company MN boosted its holdings in Zebra Technologies by 65.0% during the 3rd quarter. Wells Fargo & Company MN now owns 1,526,432 shares of the industrial products company’s stock worth $269,919,000 after acquiring an additional 601,225 shares during the last quarter. FMR LLC boosted its holdings in shares of Zebra Technologies by 208.6% in the 3rd quarter. FMR LLC now owns 698,886 shares of the industrial products company’s stock worth $123,585,000 after purchasing an additional 472,441 shares during the period. Panagora Asset Management Inc. boosted its holdings in shares of Zebra Technologies by 85.6% in the 3rd quarter. Panagora Asset Management Inc. now owns 519,022 shares of the industrial products company’s stock worth $91,779,000 after purchasing an additional 239,326 shares during the period. First Trust Advisors LP boosted its holdings in shares of Zebra Technologies by 1,330.4% in the 2nd quarter. First Trust Advisors LP now owns 196,692 shares of the industrial products company’s stock worth $28,176,000 after purchasing an additional 182,941 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of Zebra Technologies by 3.8% in the 2nd quarter. BlackRock Inc. now owns 4,634,346 shares of the industrial products company’s stock worth $663,870,000 after purchasing an additional 167,854 shares during the period. 86.39% of the stock is currently owned by hedge funds and other institutional investors.

ZBRA opened at $165.34 on Friday. Zebra Technologies has a 52-week low of $101.49 and a 52-week high of $184.75. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.09 and a quick ratio of 0.64. The firm has a market cap of $9.20 billion, a P/E ratio of 25.83 and a beta of 1.55.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $2.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.60 by $0.28. Zebra Technologies had a return on equity of 49.81% and a net margin of 7.55%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the business earned $1.87 EPS. Zebra Technologies’s revenue was up 16.8% compared to the same quarter last year. As a group, research analysts forecast that Zebra Technologies will post 10.04 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on ZBRA shares. Needham & Company LLC lifted their target price on Zebra Technologies to $192.00 and gave the stock a “buy” rating in a report on Wednesday, November 7th. BidaskClub upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a report on Friday, October 19th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $180.00 target price on shares of Zebra Technologies in a report on Friday, September 21st. Robert W. Baird lifted their target price on Zebra Technologies from $175.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, November 12th. Finally, Imperial Capital lifted their target price on Zebra Technologies from $120.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, August 10th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $180.22.

In related news, Director Andrew K. Ludwick sold 34,000 shares of the business’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $178.04, for a total transaction of $6,053,360.00. Following the completion of the transaction, the director now owns 34,952 shares in the company, valued at approximately $6,222,854.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Joachim Heel sold 2,480 shares of the business’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $182.38, for a total value of $452,302.40. Following the transaction, the senior vice president now owns 24,412 shares of the company’s stock, valued at approximately $4,452,260.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,640 shares of company stock valued at $12,930,449. 2.30% of the stock is owned by company insiders.

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Zebra Technologies Profile

With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.

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

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