Mn Services Vermogensbeheer B.V. Invests $1.93 Million in Zebra Technologies (NASDAQ:ZBRA)

Mn Services Vermogensbeheer B.V. bought a new stake in Zebra Technologies (NASDAQ:ZBRA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,200 shares of the industrial products company’s stock, valued at approximately $1,927,000.

Several other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Zebra Technologies by 1.0% in the 1st quarter. BlackRock Inc. now owns 4,901,533 shares of the industrial products company’s stock valued at $1,027,018,000 after purchasing an additional 50,197 shares during the last quarter. FMR LLC raised its stake in Zebra Technologies by 34.3% during the 1st quarter. FMR LLC now owns 3,247,706 shares of the industrial products company’s stock valued at $680,491,000 after acquiring an additional 829,462 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Zebra Technologies by 14.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,119,049 shares of the industrial products company’s stock valued at $234,475,000 after acquiring an additional 138,669 shares during the last quarter. Geode Capital Management LLC raised its stake in Zebra Technologies by 12.3% during the 4th quarter. Geode Capital Management LLC now owns 623,963 shares of the industrial products company’s stock valued at $99,353,000 after acquiring an additional 68,355 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Zebra Technologies by 4.0% during the 1st quarter. Northern Trust Corp now owns 454,709 shares of the industrial products company’s stock valued at $95,276,000 after acquiring an additional 17,337 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

In other Zebra Technologies news, CFO Olivier Leonetti sold 3,500 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $195.00, for a total transaction of $682,500.00. Following the sale, the chief financial officer now owns 22,387 shares in the company, valued at approximately $4,365,465. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Bill Burns sold 5,000 shares of the stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $201.05, for a total value of $1,005,250.00. Following the sale, the senior vice president now owns 23,968 shares in the company, valued at approximately $4,818,766.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,504 shares of company stock worth $9,016,997. 1.77% of the stock is owned by insiders.

Shares of ZBRA traded down $6.69 on Friday, reaching $205.25. The stock had a trading volume of 3,248 shares, compared to its average volume of 755,076. The company’s 50-day moving average is $201.13. The stock has a market cap of $11.08 billion, a price-to-earnings ratio of 20.08 and a beta of 1.61. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.99 and a quick ratio of 0.59. Zebra Technologies has a twelve month low of $140.95 and a twelve month high of $237.15.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $3.02 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.32. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Zebra Technologies had a return on equity of 43.60% and a net margin of 10.95%. Zebra Technologies’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.48 EPS. As a group, equities analysts anticipate that Zebra Technologies will post 12.1 EPS for the current year.

Several research firms have commented on ZBRA. BidaskClub raised Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. ValuEngine raised Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Imperial Capital reissued an “outperform” rating and set a $245.00 target price (up from $230.00) on shares of Zebra Technologies in a research note on Thursday, August 1st. Wellington Shields downgraded Zebra Technologies from a “gradually accumulate” rating to a “hold” rating in a research note on Thursday, July 18th. Finally, Zacks Investment Research downgraded Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, July 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $225.43.

Zebra Technologies Company Profile

Zebra (NASDAQ: ZBRA) empowers the front line of business in retail/ecommerce, manufacturing, transportation and logistics, healthcare and other industries to achieve a performance edge. With more than 10,000 partners across 100 countries, they deliver industry-tailored, end-to-end solutions that intelligently connect people, assets and data to help our customers make business-critical decisions. Their market-leading solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care.

Further Reading: Certificate of Deposit (CD)

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

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