Artemis Investment Management LLP Has $16.01 Million Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Artemis Investment Management LLP lessened its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 14.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 51,837 shares of the industrial products company’s stock after selling 9,070 shares during the quarter. Artemis Investment Management LLP’s holdings in Zebra Technologies were worth $16,014,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ZBRA. Mirae Asset Global Investments Co. Ltd. boosted its position in Zebra Technologies by 11.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,487 shares of the industrial products company’s stock valued at $8,606,000 after purchasing an additional 3,305 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Zebra Technologies by 22,943.7% during the fourth quarter. International Assets Investment Management LLC now owns 74,892 shares of the industrial products company’s stock valued at $20,470,000 after buying an additional 74,567 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in Zebra Technologies during the fourth quarter valued at about $265,000. Cerity Partners LLC bought a new position in Zebra Technologies during the fourth quarter valued at about $235,000. Finally, Sapient Capital LLC bought a new position in Zebra Technologies during the fourth quarter valued at about $633,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Stock Performance

ZBRA traded down $1.03 on Monday, hitting $318.92. 75,281 shares of the stock traded hands, compared to its average volume of 363,278. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $372.93. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $16.45 billion, a PE ratio of 63.91 and a beta of 1.65. The business has a fifty day moving average price of $315.68 and a two-hundred day moving average price of $298.22.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.70. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the company posted $3.24 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year. On average, research analysts predict that Zebra Technologies Co. will post 11.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ZBRA has been the topic of several recent research reports. TD Cowen raised their target price on Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird raised their target price on Zebra Technologies from $355.00 to $375.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Truist Financial restated a “hold” rating and set a $345.00 target price (up from $315.00) on shares of Zebra Technologies in a report on Wednesday, July 31st. UBS Group raised their target price on Zebra Technologies from $340.00 to $368.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Barclays lifted their price objective on Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $349.64.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, insider Michael Cho sold 1,657 shares of Zebra Technologies stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total transaction of $531,085.07. Following the sale, the insider now directly owns 3,809 shares of the company’s stock, valued at $1,220,822.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.06% of the company’s stock.

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.