Wellington Management Group LLP raised its stake in Zebra Technologies Corporation (NASDAQ:ZBRA) by 12.0% during the first quarter, Holdings Channel reports. The firm owned 478,199 shares of the industrial products company’s stock after buying an additional 51,289 shares during the period. Wellington Management Group LLP’s holdings in Zebra Technologies Corporation were worth $43,636,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. CAPROCK Group Inc. increased its position in Zebra Technologies Corporation by 0.3% in the first quarter. CAPROCK Group Inc. now owns 3,906 shares of the industrial products company’s stock valued at $356,000 after buying an additional 10 shares during the period. Meadow Creek Investment Management LLC increased its position in Zebra Technologies Corporation by 3.8% in the first quarter. Meadow Creek Investment Management LLC now owns 1,312 shares of the industrial products company’s stock valued at $120,000 after buying an additional 48 shares during the period. Neuburgh Advisers LLC increased its position in Zebra Technologies Corporation by 3.8% in the first quarter. Neuburgh Advisers LLC now owns 1,804 shares of the industrial products company’s stock valued at $165,000 after buying an additional 66 shares during the period. Tyers Asset Management LLC increased its position in Zebra Technologies Corporation by 3.8% in the first quarter. Tyers Asset Management LLC now owns 2,296 shares of the industrial products company’s stock valued at $210,000 after buying an additional 84 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in Zebra Technologies Corporation by 0.5% in the first quarter. Envestnet Asset Management Inc. now owns 16,772 shares of the industrial products company’s stock valued at $1,531,000 after buying an additional 90 shares during the period. 95.08% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Zebra Technologies Corporation (NASDAQ ZBRA) traded down 0.32% on Tuesday, hitting $105.66. 31,120 shares of the company traded hands. The firm’s 50 day moving average price is $102.00 and its 200-day moving average price is $90.97. Zebra Technologies Corporation has a 1-year low of $46.13 and a 1-year high of $109.30. The stock’s market capitalization is $5.57 billion.

Zebra Technologies Corporation (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, May 9th. The industrial products company reported $1.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.07. Zebra Technologies Corporation had a positive return on equity of 37.96% and a negative net margin of 2.98%. The company had revenue of $865 million for the quarter, compared to analyst estimates of $847.76 million. During the same quarter in the prior year, the firm posted $1.01 EPS. Zebra Technologies Corporation’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts expect that Zebra Technologies Corporation will post $6.48 earnings per share for the current year.

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Several research firms have commented on ZBRA. ValuEngine downgraded shares of Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. Needham & Company LLC reissued a “buy” rating and set a $107.00 price target on shares of Zebra Technologies Corporation in a research note on Monday, May 22nd. Barrington Research lifted their price target on shares of Zebra Technologies Corporation from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, May 11th. Zacks Investment Research downgraded shares of Zebra Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, May 30th. Finally, Morgan Stanley downgraded shares of Zebra Technologies Corporation from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $95.00 to $100.00 in a research note on Wednesday, May 31st. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $92.62.

In other Zebra Technologies Corporation news, SVP Hugh K. Gagnier sold 9,388 shares of the stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $100.42, for a total value of $942,742.96. Following the sale, the senior vice president now owns 48,460 shares in the company, valued at $4,866,353.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Michael Cho sold 1,572 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $107.76, for a total value of $169,398.72. Following the completion of the sale, the senior vice president now owns 10,426 shares in the company, valued at approximately $1,123,505.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,602 shares of company stock worth $2,819,641. Insiders own 2.50% of the company’s stock.

Zebra Technologies Corporation Company Profile

Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.

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