KBC Group NV Sells 141 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

KBC Group NV lessened its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 1.0% during the third quarter, Holdings Channel reports. The fund owned 13,502 shares of the industrial products company’s stock after selling 141 shares during the period. KBC Group NV’s holdings in Zebra Technologies were worth $5,000,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its holdings in Zebra Technologies by 44.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock valued at $414,117,000 after acquiring an additional 425,207 shares during the period. AXA S.A. grew its position in shares of Zebra Technologies by 62.3% in the second quarter. AXA S.A. now owns 277,864 shares of the industrial products company’s stock valued at $85,841,000 after purchasing an additional 106,630 shares during the last quarter. Boston Partners lifted its holdings in Zebra Technologies by 9.7% during the 1st quarter. Boston Partners now owns 1,108,819 shares of the industrial products company’s stock worth $334,230,000 after purchasing an additional 98,045 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Zebra Technologies by 94.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company’s stock worth $52,922,000 after purchasing an additional 69,549 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Zebra Technologies by 556.0% in the 3rd quarter. SG Americas Securities LLC now owns 70,004 shares of the industrial products company’s stock valued at $25,924,000 after buying an additional 59,332 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Insider Buying and Selling

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the sale, the chief financial officer now owns 11,421 shares in the company, valued at $4,359,738.33. The trade was a 13.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ZBRA has been the subject of a number of research reports. TD Cowen lifted their target price on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. UBS Group boosted their price objective on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Stephens increased their target price on shares of Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Barclays lifted their price target on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Finally, StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $385.18.

Zebra Technologies Stock Down 2.2 %

NASDAQ ZBRA opened at $385.91 on Monday. Zebra Technologies Co. has a fifty-two week low of $212.40 and a fifty-two week high of $405.62. The business has a fifty day moving average price of $370.36 and a two-hundred day moving average price of $338.61. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. The stock has a market capitalization of $19.91 billion, a PE ratio of 52.50 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.57. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. Zebra Technologies’s revenue was up 31.3% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share. Equities analysts expect that Zebra Technologies Co. will post 12.4 earnings per share for the current fiscal year.

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.