Geode Capital Management LLC Purchases 14,237 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Geode Capital Management LLC increased its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,245,702 shares of the industrial products company's stock after buying an additional 14,237 shares during the period. Geode Capital Management LLC owned 2.42% of Zebra Technologies worth $459,766,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sequoia Financial Advisors LLC acquired a new position in shares of Zebra Technologies in the third quarter valued at $247,000. Envestnet Portfolio Solutions Inc. grew its stake in Zebra Technologies by 24.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,290 shares of the industrial products company's stock valued at $4,724,000 after buying an additional 2,979 shares during the last quarter. Point72 DIFC Ltd bought a new position in Zebra Technologies in the 3rd quarter valued at about $2,113,000. Raymond James & Associates lifted its position in Zebra Technologies by 2.5% during the second quarter. Raymond James & Associates now owns 196,636 shares of the industrial products company's stock worth $60,747,000 after acquiring an additional 4,750 shares during the last quarter. Finally, Versor Investments LP bought a new stake in shares of Zebra Technologies during the third quarter worth approximately $1,752,000. 91.03% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the transaction, the chief financial officer now directly owns 11,421 shares in the company, valued at approximately $4,359,738.33. This trade represents a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.06% of the stock is owned by corporate insiders.

Zebra Technologies Price Performance

NASDAQ ZBRA traded down $4.05 on Friday, hitting $403.59. 249,217 shares of the company's stock were exchanged, compared to its average volume of 358,115. Zebra Technologies Co. has a 52 week low of $233.95 and a 52 week high of $413.43. The stock has a 50-day moving average of $387.89 and a 200-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. The stock has a market cap of $20.82 billion, a price-to-earnings ratio of 54.91 and a beta of 1.63.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) 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 business 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%. Zebra Technologies's revenue was up 31.3% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share. Analysts expect that Zebra Technologies Co. will post 12.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ZBRA. TD Cowen lifted their price target on Zebra Technologies from $380.00 to $425.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. 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 report on Wednesday, October 30th. Needham & Company LLC upped their price target on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. StockNews.com raised shares of Zebra Technologies from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st. Finally, UBS Group increased their target price 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. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $393.82.

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.