Lombard Odier Asset Management Europe Ltd decreased its holdings in Zebra Technologies Co. (NASDAQ:ZBRA – Get Rating) by 0.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,943 shares of the industrial products company’s stock after selling 48 shares during the quarter. Lombard Odier Asset Management Europe Ltd owned about 0.07% of Zebra Technologies worth $14,870,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in ZBRA. Baldwin Brothers LLC MA bought a new position in shares of Zebra Technologies in the 1st quarter worth approximately $41,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Zebra Technologies by 153.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,222 shares of the industrial products company’s stock valued at $8,780,000 after buying an additional 12,838 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Zebra Technologies by 23.5% during the 1st quarter. Quadrant Capital Group LLC now owns 200 shares of the industrial products company’s stock valued at $82,000 after buying an additional 38 shares in the last quarter. Whittier Trust Co. grew its position in shares of Zebra Technologies by 19.0% in the 1st quarter. Whittier Trust Co. now owns 332 shares of the industrial products company’s stock worth $137,000 after buying an additional 53 shares during the period. Finally, Swiss National Bank increased its stake in shares of Zebra Technologies by 14.0% in the 1st quarter. Swiss National Bank now owns 231,479 shares of the industrial products company’s stock worth $95,763,000 after acquiring an additional 28,400 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.
Zebra Technologies Stock Up 3.2 %
Zebra Technologies stock opened at $307.84 on Friday. The firm has a market cap of $15.94 billion, a price-to-earnings ratio of 23.79 and a beta of 1.68. The company has a current ratio of 0.85, a quick ratio of 0.56 and a debt-to-equity ratio of 0.80. Zebra Technologies Co. has a 12 month low of $283.72 and a 12 month high of $615.00. The stock has a fifty day simple moving average of $317.77 and a two-hundred day simple moving average of $349.39.
Zebra Technologies declared that its Board of Directors has authorized a stock buyback program on Tuesday, May 17th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to buy up to 5.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on ZBRA shares. TheStreet lowered shares of Zebra Technologies from a “b-” rating to a “c+” rating in a research note on Monday, June 27th. StockNews.com downgraded Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, June 9th. Needham & Company LLC reduced their price objective on Zebra Technologies from $500.00 to $450.00 and set a “buy” rating for the company in a research report on Wednesday, August 3rd. Morgan Stanley raised Zebra Technologies from an “underweight” rating to an “equal weight” rating and dropped their target price for the stock from $400.00 to $335.00 in a report on Monday, May 23rd. Finally, Stephens reduced their price target on Zebra Technologies from $600.00 to $500.00 and set an “overweight” rating for the company in a report on Wednesday, August 3rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Zebra Technologies presently has an average rating of “Moderate Buy” and an average target price of $453.33.
Insider Activity at Zebra Technologies
In other Zebra Technologies news, insider Stephen Edgar Williams sold 2,331 shares of Zebra Technologies stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $328.50, for a total value of $765,733.50. Following the completion of the sale, the insider now owns 1,976 shares of the company’s stock, valued at approximately $649,116. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.11% of the stock is owned by insiders.
Zebra Technologies Company 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; 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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