Magnus Financial Group LLC Has $458,000 Stake in Zebra Technologies (NASDAQ:ZBRA)

Lenore Staats

Magnus Financial Group LLC decreased its position in shares of Zebra Technologies (NASDAQ:ZBRA) by 5.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,790 shares of the industrial products company’s stock after selling 106 shares during the period. Magnus Financial Group LLC’s holdings in Zebra Technologies were worth $458,000 […]

Magnus Financial Group LLC decreased its position in shares of Zebra Technologies (NASDAQ:ZBRA) by 5.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,790 shares of the industrial products company’s stock after selling 106 shares during the period. Magnus Financial Group LLC’s holdings in Zebra Technologies were worth $458,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in shares of Zebra Technologies by 4.1% during the 1st quarter. BlackRock Inc. now owns 3,748,582 shares of the industrial products company’s stock valued at $688,240,000 after acquiring an additional 146,276 shares in the last quarter. State Street Corp boosted its holdings in shares of Zebra Technologies by 1.5% during the 1st quarter. State Street Corp now owns 2,120,464 shares of the industrial products company’s stock valued at $389,317,000 after acquiring an additional 31,215 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Zebra Technologies by 23.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,539,059 shares of the industrial products company’s stock worth $282,570,000 after buying an additional 289,862 shares during the period. Bank of New York Mellon Corp lifted its holdings in Zebra Technologies by 18.1% during the 1st quarter. Bank of New York Mellon Corp now owns 987,178 shares of the industrial products company’s stock worth $181,245,000 after buying an additional 151,275 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Zebra Technologies by 1.1% during the 1st quarter. Geode Capital Management LLC now owns 951,548 shares of the industrial products company’s stock worth $174,401,000 after buying an additional 9,945 shares during the period. 87.52% of the stock is currently owned by institutional investors.

ZBRA has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on Zebra Technologies from $217.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. lowered Zebra Technologies from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $245.00 to $250.00 in a report on Thursday, April 30th. They noted that the move was a valuation call. BidaskClub raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 18th. Needham & Company LLC boosted their price objective on Zebra Technologies from $295.00 to $302.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Finally, Northcoast Research downgraded Zebra Technologies from a “buy” rating to a “neutral” rating and set a $240.00 target price on the stock. in a research note on Thursday, April 30th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Zebra Technologies currently has a consensus rating of “Buy” and a consensus price target of $257.00.

In other news, CMO Jeffrey F. Schmitz sold 784 shares of Zebra Technologies stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $262.53, for a total transaction of $205,823.52. Following the transaction, the chief marketing officer now owns 6,239 shares in the company, valued at approximately $1,637,924.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Michael H. Terzich sold 5,229 shares of Zebra Technologies stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $254.92, for a total transaction of $1,332,976.68. Following the transaction, the senior vice president now owns 27,495 shares in the company, valued at approximately $7,009,025.40. The disclosure for this sale can be found here. Insiders have sold a total of 39,398 shares of company stock worth $10,953,152 in the last quarter. Corporate insiders own 2.00% of the company’s stock.

NASDAQ:ZBRA traded up $3.50 during trading hours on Monday, reaching $278.83. The company had a trading volume of 5,252 shares, compared to its average volume of 262,885. The company has a current ratio of 0.79, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61. Zebra Technologies has a 52 week low of $150.06 and a 52 week high of $291.30. The firm has a market cap of $14.69 billion, a price-to-earnings ratio of 24.34 and a beta of 1.68. The firm’s 50 day moving average price is $273.17 and its 200-day moving average price is $237.56.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.13. The business had revenue of $956.00 million during the quarter, compared to the consensus estimate of $939.97 million. Zebra Technologies had a net margin of 11.41% and a return on equity of 34.83%. The firm’s revenue was down 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.02 EPS. On average, analysts forecast that Zebra Technologies will post 10.36 earnings per share for the current fiscal year.

About Zebra Technologies

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.

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

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