Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG decreased its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 11.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,112 shares of the industrial products company’s stock after selling 145 shares during the period. Bank Pictet & Cie Europe AG’s holdings in Zebra Technologies were worth $412,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cascade Investment Advisors Inc. grew its holdings in shares of Zebra Technologies by 0.7% in the 3rd quarter. Cascade Investment Advisors Inc. now owns 4,387 shares of the industrial products company’s stock worth $1,625,000 after acquiring an additional 30 shares during the period. Private Advisor Group LLC increased its position in shares of Zebra Technologies by 1.4% in the third quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company’s stock valued at $821,000 after buying an additional 31 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of Zebra Technologies by 38.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after buying an additional 33 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Zebra Technologies by 1.2% during the 2nd quarter. Fifth Third Bancorp now owns 3,038 shares of the industrial products company’s stock worth $939,000 after buying an additional 36 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of Zebra Technologies by 8.0% in the 2nd quarter. Signaturefd LLC now owns 512 shares of the industrial products company’s stock worth $158,000 after buying an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Trading Down 0.2 %

NASDAQ ZBRA opened at $372.00 on Wednesday. The company has a 50-day moving average of $354.53 and a 200-day moving average of $326.75. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.84. Zebra Technologies Co. has a 12 month low of $194.59 and a 12 month high of $380.05. The company has a market cap of $19.19 billion, a P/E ratio of 83.97 and a beta of 1.66.

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

Insiders Place Their Bets

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the completion of the sale, the insider now owns 9,694 shares in the company, valued at approximately $3,312,342.86. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.06% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Robert W. Baird lifted their target price on shares of Zebra Technologies from $355.00 to $375.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Stephens upped their target price on Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. TD Cowen raised their price target on Zebra Technologies from $375.00 to $380.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Needham & Company LLC boosted their price target on Zebra Technologies from $370.00 to $394.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Truist Financial increased their price objective on Zebra Technologies from $345.00 to $379.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $352.73.

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.