Jaffetilchin Investment Partners LLC acquired a new position in Zebra Technologies Corporation (NASDAQ:ZBRA) during the second quarter, according to its most recent filing with the SEC. The firm acquired 4,911 shares of the industrial products company’s stock, valued at approximately $494,000.

A number of other institutional investors have also added to or reduced their stakes in ZBRA. BlackRock Inc. increased its position in Zebra Technologies Corporation by 15,105.8% in the first quarter. BlackRock Inc. now owns 4,142,827 shares of the industrial products company’s stock worth $378,032,000 after buying an additional 4,115,582 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Zebra Technologies Corporation by 5.4% in the first quarter. Vanguard Group Inc. now owns 4,116,659 shares of the industrial products company’s stock valued at $375,645,000 after buying an additional 210,112 shares during the period. State Street Corp increased its position in shares of Zebra Technologies Corporation by 2.1% in the first quarter. State Street Corp now owns 1,350,444 shares of the industrial products company’s stock valued at $123,234,000 after buying an additional 27,838 shares during the period. Bank of New York Mellon Corp increased its position in shares of Zebra Technologies Corporation by 4.6% in the first quarter. Bank of New York Mellon Corp now owns 679,461 shares of the industrial products company’s stock valued at $62,001,000 after buying an additional 30,106 shares during the period. Finally, Macquarie Group Ltd. increased its position in shares of Zebra Technologies Corporation by 2.6% in the first quarter. Macquarie Group Ltd. now owns 610,812 shares of the industrial products company’s stock valued at $55,737,000 after buying an additional 15,573 shares during the period. 94.85% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Corporation (NASDAQ:ZBRA) opened at 106.10 on Wednesday. The stock’s market cap is $5.63 billion. The company has a 50-day moving average price of $100.81 and a 200-day moving average price of $95.73. Zebra Technologies Corporation has a 52 week low of $62.91 and a 52 week high of $109.30.

Zebra Technologies Corporation (NASDAQ:ZBRA) last released its earnings results on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.17. Zebra Technologies Corporation had a positive return on equity of 38.88% and a negative net margin of 1.14%. The firm had revenue of $897 million for the quarter, compared to analyst estimates of $876.90 million. During the same quarter in the prior year, the firm posted $1.34 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. Analysts anticipate that Zebra Technologies Corporation will post $6.63 earnings per share for the current year.

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Several brokerages have recently issued reports on ZBRA. ValuEngine raised shares of Zebra Technologies Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research raised shares of Zebra Technologies Corporation from a “sell” rating to a “buy” rating and set a $119.00 price target for the company in a report on Friday, June 9th. Morgan Stanley downgraded shares of Zebra Technologies Corporation from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $95.00 to $100.00 in a report on Wednesday, May 31st. They noted that the move was a valuation call. Needham & Company LLC restated a “buy” rating and set a $118.00 price objective (up from $107.00) on shares of Zebra Technologies Corporation in a research note on Thursday, August 10th. Finally, Barrington Research restated an “outperform” rating and set a $125.00 price objective (up from $110.00) on shares of Zebra Technologies Corporation in a research note on Tuesday. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. Zebra Technologies Corporation presently has a consensus rating of “Hold” and an average target price of $98.07.

In other news, Director Richard L. Keyser sold 6,132 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $106.26, for a total transaction of $651,586.32. Following the sale, the director now owns 23,632 shares of the company’s stock, valued at $2,511,136.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Michael Cho sold 1,572 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $107.76, for a total value of $169,398.72. Following the sale, the senior vice president now directly 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 ninety days, insiders have sold 9,493 shares of company stock worth $1,012,211. 2.50% of the stock is currently owned by insiders.

About Zebra Technologies Corporation

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

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