Lombard Odier Asset Management Europe Ltd Sells 48 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Lombard Odier Asset Management Europe Ltd decreased its holdings in Zebra Technologies Co. (NASDAQ:ZBRAGet 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 (NASDAQ:ZBRAGet Rating) last issued its earnings results on Tuesday, August 2nd. The industrial products company reported $4.61 earnings per share for the quarter, topping analysts’ consensus estimates of $3.93 by $0.68. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.45 billion. Zebra Technologies had a return on equity of 31.30% and a net margin of 8.56%. Zebra Technologies’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.17 EPS. Equities analysts predict that Zebra Technologies Co. will post 16.89 EPS for the current fiscal year.

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

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

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