Fmr LLC Has $102.19 Million Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

FMR LLC increased its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 2,423.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 275,949 shares of the industrial products company's stock after buying an additional 265,014 shares during the quarter. FMR LLC owned about 0.53% of Zebra Technologies worth $102,189,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Zebra Technologies during the second quarter worth approximately $27,000. Farmers & Merchants Investments Inc. increased its position 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 worth $30,000 after purchasing an additional 63 shares during the last quarter. Concord Wealth Partners acquired a new stake in shares of Zebra Technologies in the 3rd quarter valued at about $30,000. Transcendent Capital Group LLC bought a new position in shares of Zebra Technologies during the second quarter worth about $32,000. Finally, Massmutual Trust Co. FSB ADV grew its stake in Zebra Technologies by 38.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company's stock worth $36,000 after purchasing an additional 33 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Price Performance

NASDAQ:ZBRA traded down $6.96 during mid-day trading on Thursday, reaching $404.98. 299,578 shares of the stock were exchanged, compared to its average volume of 360,149. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The business has a fifty day moving average price of $383.92 and a 200 day moving average price of $346.54. Zebra Technologies Co. has a 1-year low of $232.29 and a 1-year high of $413.27. The firm has a market capitalization of $20.89 billion, a PE ratio of 55.10 and a beta of 1.63.

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

Wall Street Analyst Weigh In

A number of research firms have commented on ZBRA. Needham & Company LLC increased their target price on Zebra Technologies from $394.00 to $430.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Barclays lifted their price objective on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an "equal weight" rating in a report on Thursday, October 31st. Truist Financial restated a "hold" rating and issued a $383.00 price target (up from $379.00) on shares of Zebra Technologies in a research report on Wednesday, October 30th. TD Cowen boosted 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. Finally, Morgan Stanley raised Zebra Technologies from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $305.00 to $400.00 in a research report on Monday. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $393.82.

Insider Activity

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the company's stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the sale, the chief financial officer now directly owns 11,421 shares of the company's stock, valued at approximately $4,359,738.33. This represents 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 through this hyperlink. 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.