Zebra Technologies Co. (NASDAQ:ZBRA) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC raised its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 6.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 83,573 shares of the industrial products company's stock after purchasing an additional 4,893 shares during the quarter. Hsbc Holdings PLC owned 0.16% of Zebra Technologies worth $25,860,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. boosted its stake in shares of Zebra Technologies by 185.3% in the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company's stock worth $30,000 after buying an additional 63 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Zebra Technologies in the second quarter worth about $32,000. BOK Financial Private Wealth Inc. purchased a new stake in shares of Zebra Technologies in the first quarter worth about $36,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of 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 buying an additional 33 shares during the last quarter. Finally, Webster Bank N. A. boosted its stake in shares of Zebra Technologies by 792.9% in the second quarter. Webster Bank N. A. now owns 125 shares of the industrial products company's stock worth $39,000 after buying an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Price Performance

Shares of Zebra Technologies stock traded up $2.97 during mid-day trading on Friday, reaching $366.76. 596,313 shares of the stock traded hands, compared to its average volume of 361,643. The business has a 50-day moving average of $335.86 and a 200 day moving average of $314.48. Zebra Technologies Co. has a fifty-two week low of $194.59 and a fifty-two week high of $372.93. The stock has a market capitalization of $18.86 billion, a PE ratio of 72.77 and a beta of 1.65. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 0.63.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, beating the consensus estimate of $2.48 by $0.70. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The firm had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter last year, the firm earned $3.24 earnings per share. The business's revenue for the quarter was up .2% on a year-over-year basis. On average, analysts predict that Zebra Technologies Co. will post 11.12 EPS for the current year.

Wall Street Analyst Weigh In

ZBRA has been the topic of a number of recent analyst reports. Vertical Research initiated coverage on Zebra Technologies in a research report on Tuesday, July 23rd. They set a "buy" rating and a $375.00 price target on the stock. Barclays increased their price target on Zebra Technologies from $314.00 to $347.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 31st. BNP Paribas upgraded Zebra Technologies from an "underperform" rating to a "neutral" rating and increased their price target for the stock from $258.00 to $305.00 in a research report on Thursday, June 13th. Needham & Company LLC increased their price target on Zebra Technologies from $370.00 to $394.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Finally, Robert W. Baird increased their price target on Zebra Technologies from $355.00 to $375.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Zebra Technologies has an average rating of "Moderate Buy" and an average target price of $349.64.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the completion of the sale, the insider now owns 9,694 shares of the company's stock, valued at $3,312,342.86. The transaction was disclosed in a legal filing with the SEC, 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.