Peapack Gladstone Financial Corp Sells 396 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Peapack Gladstone Financial Corp reduced its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 4.9% in the 3rd quarter, Holdings Channel reports. The firm owned 7,728 shares of the industrial products company’s stock after selling 396 shares during the period. Peapack Gladstone Financial Corp’s holdings in Zebra Technologies were worth $2,862,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in ZBRA. FMR LLC lifted its stake in shares of Zebra Technologies by 2,423.5% in the third quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock worth $102,189,000 after buying an additional 265,014 shares during the last quarter. AXA S.A. lifted its position in Zebra Technologies by 62.3% during the 2nd quarter. AXA S.A. now owns 277,864 shares of the industrial products company’s stock worth $85,841,000 after acquiring an additional 106,630 shares during the last quarter. State Street Corp boosted its holdings in Zebra Technologies by 3.4% during the third quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock valued at $796,128,000 after acquiring an additional 70,771 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Zebra Technologies by 94.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company’s stock valued at $52,922,000 after purchasing an additional 69,549 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Zebra Technologies by 158.4% in the third quarter. The Manufacturers Life Insurance Company now owns 100,875 shares of the industrial products company’s stock worth $37,356,000 after purchasing an additional 61,842 shares during the period. Institutional investors own 91.03% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on ZBRA. Needham & Company LLC increased their target price on Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Morgan Stanley upgraded shares of Zebra Technologies from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $305.00 to $400.00 in a research note on Monday, December 2nd. StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. UBS Group raised their price target on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, TD Cowen upped their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Zebra Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $393.82.

Zebra Technologies Stock Performance

NASDAQ ZBRA opened at $403.59 on Friday. Zebra Technologies Co. has a twelve month low of $233.95 and a twelve month high of $413.43. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The stock has a market cap of $20.82 billion, a P/E ratio of 54.91 and a beta of 1.63. The company’s 50-day simple moving average is $388.62 and its 200 day simple moving average is $349.94.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.57. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The company’s revenue was up 31.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.57 EPS. As a group, research analysts forecast that Zebra Technologies Co. will post 12.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value of $701,238.01. Following the transaction, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. The trade was a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.06% of the company’s stock.

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.