Zebra Technologies Corporation $ZBRA Stock Holdings Lessened by Pictet Asset Management Holding SA

Key Points

• Pictet Asset Management cut its Zebra Technologies stake by 10.2% in the third quarter, selling 23,581 shares; it retained 206,690 shares valued at about $77.2 million.
• Institutional investors own 91.03% of the stock, with other firms making both new purchases and additions to their positions.
• Zebra beat quarterly earnings and revenue estimates, with EPS of $4.95 and revenue of $1.61 billion, up 22.3% year over year. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $388.67.

Pictet Asset Management Holding SA decreased its position in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 10.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 206,690 shares of the industrial products company's stock after selling 23,581 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.43% of Zebra Technologies worth $77,159,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of ZBRA. Calamos Wealth Management LLC bought a new stake in shares of Zebra Technologies in the first quarter worth about $9,053,000. Bank of America Corp DE raised its position in Zebra Technologies by 22.9% during the 1st quarter. Bank of America Corp DE now owns 291,031 shares of the industrial products company's stock valued at $60,849,000 after purchasing an additional 54,222 shares during the last quarter. VELA Investment Management LLC raised its position in Zebra Technologies by 1,400.8% during the 2nd quarter. VELA Investment Management LLC now owns 21,281 shares of the industrial products company's stock valued at $5,602,000 after purchasing an additional 19,863 shares during the last quarter. Tidal Investments LLC raised its position in Zebra Technologies by 21.8% during the 2nd quarter. Tidal Investments LLC now owns 11,455 shares of the industrial products company's stock valued at $3,016,000 after purchasing an additional 2,053 shares during the last quarter. Finally, EULAV Asset Management purchased a new stake in Zebra Technologies in the 3rd quarter worth approximately $4,738,000. 91.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ZBRA shares. TD Cowen lifted their price objective on Zebra Technologies from $400.00 to $450.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Needham & Company LLC boosted their target price on Zebra Technologies from $410.00 to $435.00 and gave the company a "buy" rating in a research note on Tuesday, September 15th. Morgan Stanley upped their target price on Zebra Technologies from $360.00 to $380.00 and gave the company an "equal weight" rating in a report on Wednesday, November 4th. Citigroup dropped their price target on Zebra Technologies from $400.00 to $398.00 and set a "neutral" rating for the company in a research note on Wednesday, November 4th. Finally, Weiss Ratings upgraded shares of Zebra Technologies from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, October 13th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Zebra Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $388.67.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA opened at $326.71 on Tuesday. Zebra Technologies Corporation has a 1 year low of $199.05 and a 1 year high of $392.78. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.57 and a quick ratio of 0.33. The company's 50-day moving average is $364.01 and its 200 day moving average is $282.80. The stock has a market capitalization of $15.56 billion, a P/E ratio of 26.37 and a beta of 1.61.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The industrial products company reported $4.95 EPS for the quarter, topping the consensus estimate of $4.89 by $0.06. Zebra Technologies had a net margin of 9.80% and a return on equity of 23.94%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the business posted $3.88 earnings per share. Zebra Technologies's quarterly revenue was up 22.3% compared to the same quarter last year. On average, sell-side analysts expect that Zebra Technologies Corporation will post 18.15 earnings per share for the current year.

Zebra Technologies Company Profile

Zebra Technologies provides digital solutions that help organizations identify, track and manage assets, people and transactions. Its products include barcode and label printers, mobile computers, barcode scanners, RFID readers and machine-vision systems, along with software and services that connect these tools to business operations.

The company serves customers in industries including retail, manufacturing, transportation and logistics, healthcare and government. Its technology supports tasks such as inventory management, order fulfillment, asset tracking and frontline workforce operations across global markets.

Founded in 1969 as Data Specialties Incorporated, the company later adopted the Zebra Technologies name.

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