Barclays PLC Raises Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Barclays PLC raised its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 113,177 shares of the industrial products company's stock after buying an additional 2,617 shares during the period. Barclays PLC owned approximately 0.22% of Zebra Technologies worth $41,910,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ZBRA. Point72 Asia Singapore Pte. Ltd. purchased a new position in Zebra Technologies in the second quarter valued at $27,000. Farmers & Merchants Investments Inc. boosted its stake in shares of Zebra Technologies by 185.3% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company's stock valued at $30,000 after buying an additional 63 shares during the period. Concord Wealth Partners acquired a new position in shares of Zebra Technologies during the third quarter worth about $30,000. Transcendent Capital Group LLC purchased a new stake in shares of Zebra Technologies during the second quarter worth approximately $32,000. Finally, Blue Trust Inc. raised its holdings in Zebra Technologies by 136.7% in the third quarter. Blue Trust Inc. now owns 116 shares of the industrial products company's stock valued at $43,000 after acquiring an additional 67 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

Zebra Technologies Stock Performance

ZBRA stock traded down $4.05 on Friday, hitting $403.59. The company's stock had a trading volume of 249,217 shares, compared to its average volume of 358,115. The stock has a market cap of $20.82 billion, a price-to-earnings ratio of 54.91 and a beta of 1.63. The firm has a 50 day moving average of $387.89 and a two-hundred day moving average of $349.41. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. Zebra Technologies Co. has a 1 year low of $233.95 and a 1 year high of $413.43.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, beating analysts' consensus estimates of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The business had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same period in the prior year, the company earned $0.57 earnings per share. The business's revenue was up 31.3% compared to the same quarter last year. Equities analysts predict that Zebra Technologies Co. will post 12.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on ZBRA. UBS Group boosted their price target on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Barclays raised their price target on Zebra Technologies from $347.00 to $407.00 and gave the company an "equal weight" rating in a research note on Thursday, October 31st. StockNews.com raised Zebra Technologies from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st. Truist Financial reissued a "hold" rating and set a $383.00 target price (up previously from $379.00) on shares of Zebra Technologies in a research report on Wednesday, October 30th. Finally, TD Cowen upped their price target on Zebra Technologies from $380.00 to $425.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Zebra Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $393.82.

Insiders Place Their Bets

In other news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies 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 sale, the chief financial officer now owns 11,421 shares of the company's stock, valued at $4,359,738.33. The trade was a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.06% of the stock is owned by insiders.

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.