Interval Partners LP Buys Shares of 31,482 Zebra Technologies Co. (NASDAQ:ZBRA)

Interval Partners LP bought a new stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 31,482 shares of the industrial products company's stock, valued at approximately $9,726,000. Interval Partners LP owned about 0.06% of Zebra Technologies at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS Group AG grew its stake in shares of Zebra Technologies by 25.2% during the fourth quarter. UBS Group AG now owns 82,897 shares of the industrial products company's stock worth $22,658,000 after acquiring an additional 16,694 shares during the last quarter. Commerce Bank grew its stake in shares of Zebra Technologies by 21.3% during the fourth quarter. Commerce Bank now owns 5,315 shares of the industrial products company's stock worth $1,453,000 after acquiring an additional 934 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Zebra Technologies by 7.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 13,925 shares of the industrial products company's stock worth $3,806,000 after acquiring an additional 1,011 shares during the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of Zebra Technologies during the fourth quarter worth about $38,688,000. Finally, Intech Investment Management LLC purchased a new stake in Zebra Technologies in the fourth quarter valued at approximately $265,000. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Price Performance

Shares of ZBRA stock traded down $4.37 during trading hours on Monday, hitting $362.39. 341,867 shares of the company's stock were exchanged, compared to its average volume of 361,540. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 0.63. The firm has a market cap of $18.63 billion, a P/E ratio of 71.90 and a beta of 1.65. The firm has a 50 day moving average of $336.56 and a two-hundred day moving average of $315.00. Zebra Technologies Co. has a fifty-two week low of $194.59 and a fifty-two week high of $372.93.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, topping 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 business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the company posted $3.24 EPS. The business's quarterly revenue was up .2% on a year-over-year basis. Sell-side analysts forecast that Zebra Technologies Co. will post 11.12 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Stephens upped their target price on Zebra Technologies from $380.00 to $410.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. BNP Paribas upgraded Zebra Technologies from an "underperform" rating to a "neutral" rating and upped their target price for the company from $258.00 to $305.00 in a research report on Thursday, June 13th. Barclays upped their target price on Zebra Technologies from $314.00 to $347.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 31st. TD Cowen boosted their price target on Zebra Technologies from $375.00 to $380.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Finally, Redburn Atlantic raised Zebra Technologies to a "strong-buy" rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $349.64.

Insider Buying and Selling

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the business's stock in a transaction that occurred 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 directly owns 9,694 shares in the company, valued at $3,312,342.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.06% of the stock is owned by company insiders.

Zebra Technologies Company 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.