Otter Creek Advisors LLC Sells 509 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Otter Creek Advisors LLC decreased its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 5.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,980 shares of the industrial products company’s stock after selling 509 shares during the period. Zebra Technologies makes up 2.1% of Otter Creek Advisors LLC’s portfolio, making the stock its 10th biggest position. Otter Creek Advisors LLC’s holdings in Zebra Technologies were worth $4,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of ZBRA. Oak Ridge Investments LLC purchased a new position in shares of Zebra Technologies in the first quarter valued at $326,000. Scotia Capital Inc. purchased a new position in Zebra Technologies in the 1st quarter valued at about $691,000. Sigma Planning Corp boosted its position in Zebra Technologies by 27.8% in the 1st quarter. Sigma Planning Corp now owns 2,230 shares of the industrial products company’s stock valued at $1,082,000 after buying an additional 485 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in shares of Zebra Technologies during the first quarter valued at about $251,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Zebra Technologies by 0.8% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,305 shares of the industrial products company’s stock worth $1,603,000 after acquiring an additional 27 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

Shares of Zebra Technologies stock traded up $3.18 during trading hours on Wednesday, reaching $546.18. The company’s stock had a trading volume of 4,418 shares, compared to its average volume of 287,642. Zebra Technologies Co. has a one year low of $246.83 and a one year high of $594.77. The company’s 50 day simple moving average is $562.85 and its 200 day simple moving average is $520.11. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.67 and a current ratio of 0.98. The stock has a market cap of $29.17 billion, a P/E ratio of 38.37 and a beta of 1.62.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, August 3rd. The industrial products company reported $4.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.12 by $0.45. Zebra Technologies had a net margin of 14.76% and a return on equity of 37.60%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter last year, the company posted $2.41 earnings per share. Zebra Technologies’s revenue was up 44.4% on a year-over-year basis. On average, sell-side analysts predict that Zebra Technologies Co. will post 16.1 earnings per share for the current fiscal year.

In other Zebra Technologies news, insider Bill Burns sold 2,000 shares of the company’s stock in a transaction dated Monday, August 23rd. The shares were sold at an average price of $579.15, for a total value of $1,158,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anders Gustafsson sold 6,500 shares of Zebra Technologies stock in a transaction that occurred on Monday, August 30th. The shares were sold at an average price of $590.04, for a total value of $3,835,260.00. The disclosure for this sale can be found here. In the last three months, insiders sold 10,081 shares of company stock worth $5,886,896. Company insiders own 1.11% of the company’s stock.

A number of brokerages have weighed in on ZBRA. Stephens raised their price objective on Zebra Technologies from $600.00 to $700.00 and gave the company an “overweight” rating in a research note on Monday, September 13th. Robert W. Baird raised their price target on shares of Zebra Technologies from $490.00 to $560.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 4th. Finally, Needham & Company LLC increased their price objective on shares of Zebra Technologies from $580.00 to $600.00 and gave the company a “buy” rating in a research note on Wednesday, August 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Zebra Technologies has a consensus rating of “Buy” and a consensus target price of $528.57.

Zebra Technologies Company Profile

Zebra Technologies Corp. engages in designing, manufacturing and selling of automatic identification and data capture products. Its products include mobile computers, barcode scanners, radio frequency identification devices (RFID) readers, specialty printers for barcode labeling and personal identification, real-time location systems, accessories and supplies, such as self-adhesive labels and other consumables, and software utilities and applications.

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

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