Zebra Technologies Corporation (NASDAQ:ZBRA) Shares Sold by Gulf International Bank UK Ltd

Key Points

• Gulf International Bank UK Ltd reduced its holdings in Zebra Technologies by 31.1%, now owning 2,796 shares valued at $790,000.
• Various large investors have increased their stakes in Zebra Technologies, with significant growth from firms such as Kovitz Investment Group Partners LLC and Pacer Advisors Inc..
• Zebra Technologies reported earnings of $3.61 per share, exceeding estimates, and announced a stock repurchase plan of $250 million, indicating confidence in its stock value.

Gulf International Bank UK Ltd lowered its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 31.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,796 shares of the industrial products company's stock after selling 1,260 shares during the period. Gulf International Bank UK Ltd's holdings in Zebra Technologies were worth $790,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC acquired a new stake in shares of Zebra Technologies in the 4th quarter worth $107,254,000. Victory Capital Management Inc. increased its holdings in shares of Zebra Technologies by 27.5% in the 1st quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company's stock valued at $334,469,000 after purchasing an additional 255,193 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Zebra Technologies by 5,704.9% in the 1st quarter. Pacer Advisors Inc. now owns 259,363 shares of the industrial products company's stock valued at $73,286,000 after purchasing an additional 254,895 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Zebra Technologies by 20,849.2% in the 1st quarter. GAMMA Investing LLC now owns 255,999 shares of the industrial products company's stock valued at $72,335,000 after purchasing an additional 254,777 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Zebra Technologies during the 1st quarter valued at about $46,633,000. Institutional investors and hedge funds own 91.03% of the company's stock.

Wall Street Analysts Forecast Growth

ZBRA has been the subject of several recent research reports. BNP Paribas upgraded shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. BNP Paribas Exane upgraded shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 target price for the company in a report on Thursday, July 10th. Needham & Company LLC raised their target price on shares of Zebra Technologies from $325.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Barclays set a $301.00 target price on shares of Zebra Technologies and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. Finally, UBS Group dropped their price target on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Zebra Technologies presently has an average rating of "Moderate Buy" and an average target price of $357.44.

Zebra Technologies Stock Down 3.0%

ZBRA stock opened at $317.90 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.46 and a quick ratio of 1.03. Zebra Technologies Corporation has a 1-year low of $205.73 and a 1-year high of $427.76. The firm has a fifty day moving average price of $316.46 and a two-hundred day moving average price of $297.01. The firm has a market cap of $16.17 billion, a price-to-earnings ratio of 30.02 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its earnings results on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.30. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the firm earned $3.18 earnings per share. The firm's revenue for the quarter was up 6.2% compared to the same quarter last year. Research analysts predict that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Zebra Technologies declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, August 5th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the industrial products company to buy up to 1.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is undervalued.

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.

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