Bp Plc Sells 2,573 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)


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Bp Plc cut its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 51.5% in the 4th quarter, HoldingsChannel reports. The fund owned 2,427 shares of the industrial products company’s stock after selling 2,573 shares during the period. Bp Plc’s holdings in Zebra Technologies were worth $931,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ZBRA. Paces Ferry Wealth Advisors LLC purchased a new position in Zebra Technologies during the 3rd quarter worth $31,000. Tortoise Investment Management LLC bought a new stake in Zebra Technologies in the fourth quarter worth about $38,000. Signaturefd LLC raised its stake in shares of Zebra Technologies by 41.9% in the third quarter. Signaturefd LLC now owns 183 shares of the industrial products company’s stock valued at $46,000 after buying an additional 54 shares during the period. AlphaMark Advisors LLC raised its position in shares of Zebra Technologies by 843.5% in the third quarter. AlphaMark Advisors LLC now owns 217 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 194 shares during the period. Finally, Freestone Capital Holdings LLC bought a new position in Zebra Technologies in the 3rd quarter worth approximately $59,000. Institutional investors own 86.36% of the company’s stock.

In related news, SVP Joachim Heel sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 25th. The stock was sold at an average price of $371.13, for a total transaction of $1,113,390.00. Following the completion of the transaction, the senior vice president now owns 33,071 shares in the company, valued at $12,273,640.23. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Anders Gustafsson sold 15,865 shares of the firm’s stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $479.39, for a total value of $7,605,522.35. Following the completion of the sale, the chief executive officer now directly owns 205,934 shares of the company’s stock, valued at approximately $98,722,700.26. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,587 shares of company stock worth $11,611,141. 2.00% of the stock is owned by company insiders.

NASDAQ:ZBRA opened at $488.31 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.42 and a current ratio of 0.79. Zebra Technologies Co. has a fifty-two week low of $150.06 and a fifty-two week high of $494.91. The firm has a market cap of $26.03 billion, a PE ratio of 53.72 and a beta of 1.54. The business has a 50 day moving average price of $421.43 and a 200-day moving average price of $339.88.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Wednesday, February 10th. The industrial products company reported $4.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.80 by $0.66. Zebra Technologies had a net margin of 11.41% and a return on equity of 34.83%. During the same period last year, the firm posted $3.56 EPS. Research analysts predict that Zebra Technologies Co. will post 10.36 EPS for the current year.

Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Zebra Technologies from a “hold” rating to a “buy” rating and set a $422.00 price target for the company in a research report on Tuesday, December 29th. Needham & Company LLC boosted their price objective on shares of Zebra Technologies from $445.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, February 12th. Morgan Stanley raised their price target on shares of Zebra Technologies from $335.00 to $380.00 and gave the company an “equal weight” rating in a report on Friday, February 12th. Finally, UBS Group started coverage on Zebra Technologies in a research report on Friday, December 4th. They issued a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $335.22.

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, which produce labels, wristbands, tickets, receipts, and plastic cards; RFID printers and encoders; accessories and options for its 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, as well as self-laminating wristbands for use in laser printers.

Further Reading: Dividend Kings

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

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