Massachusetts Financial Services Co. MA Sells 93,199 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Massachusetts Financial Services Co. MA lowered its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 14.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 541,494 shares of the industrial products company’s stock after selling 93,199 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.05% of Zebra Technologies worth $200,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC bought a new stake in shares of Zebra Technologies in the 3rd quarter valued at about $247,000. Tidal Investments LLC increased its position in shares of Zebra Technologies by 172.3% during the first quarter. Tidal Investments LLC now owns 3,828 shares of the industrial products company’s stock worth $1,154,000 after purchasing an additional 2,422 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Zebra Technologies by 23.0% during the 2nd quarter. Park Avenue Securities LLC now owns 8,788 shares of the industrial products company’s stock valued at $2,715,000 after purchasing an additional 1,643 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Zebra Technologies by 24.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,290 shares of the industrial products company’s stock worth $4,724,000 after buying an additional 2,979 shares during the last quarter. Finally, Raymond James & Associates grew its stake in shares of Zebra Technologies by 2.5% during the second quarter. Raymond James & Associates now owns 196,636 shares of the industrial products company’s stock worth $60,747,000 after acquiring an additional 4,750 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Up 1.2 %

ZBRA stock opened at $397.19 on Friday. The firm’s fifty day moving average is $374.50 and its 200 day moving average is $340.51. The firm has a market cap of $20.49 billion, a PE ratio of 54.04 and a beta of 1.64. Zebra Technologies Co. has a one year low of $225.83 and a one year high of $405.62. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results 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 firm had revenue of $1.26 billion during 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 for the quarter was up 31.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.57 EPS. On average, research analysts forecast that Zebra Technologies Co. will post 12.4 EPS for the current year.

Insider Transactions at Zebra Technologies

In other news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value 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. This trade represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ZBRA. Morgan Stanley boosted their price objective on shares of Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a report on Wednesday, October 30th. 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. StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Barclays lifted their price objective on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Finally, UBS Group upped 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. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $385.18.

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 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.