Toronto Dominion Bank Buys 9,123 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Toronto Dominion Bank boosted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 51.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 26,913 shares of the industrial products company's stock after buying an additional 9,123 shares during the period. Toronto Dominion Bank owned approximately 0.05% of Zebra Technologies worth $8,314,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. grew its holdings in shares of Zebra Technologies by 185.3% during 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 in the last quarter. Transcendent Capital Group LLC bought a new position in shares of Zebra Technologies during the 2nd quarter worth approximately $32,000. BOK Financial Private Wealth Inc. acquired a new stake in shares of Zebra Technologies in the first quarter valued at approximately $36,000. Massmutual Trust Co. FSB ADV lifted its position 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 purchasing an additional 33 shares in the last quarter. Finally, Webster Bank N. A. boosted its holdings in Zebra Technologies by 792.9% during the second quarter. Webster Bank N. A. now owns 125 shares of the industrial products company's stock worth $39,000 after purchasing an additional 111 shares during the last quarter. Institutional investors own 91.03% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. BNP Paribas raised shares of Zebra Technologies from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $258.00 to $305.00 in a research report on Thursday, June 13th. Vertical Research began coverage on Zebra Technologies in a research report on Tuesday, July 23rd. They set a "buy" rating and a $375.00 price target for the company. Redburn Atlantic upgraded Zebra Technologies to a "strong-buy" rating in a research note on Wednesday, July 31st. Stephens upped their price objective on Zebra Technologies from $380.00 to $410.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. Finally, Truist Financial reissued a "hold" rating and issued a $345.00 target price (up from $315.00) on shares of Zebra Technologies in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $349.64.

Insider Buying and Selling at Zebra Technologies

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total value 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.06% of the company's stock.

Zebra Technologies Stock Performance

Shares of ZBRA traded down $2.64 during trading hours on Friday, hitting $368.60. The company had a trading volume of 213,572 shares, compared to its average volume of 358,579. The business has a fifty day moving average of $339.81 and a 200-day moving average of $317.14. 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 $19.01 billion, a price-to-earnings ratio of 73.14 and a beta of 1.65. Zebra Technologies Co. has a 12 month low of $194.59 and a 12 month high of $375.88.

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

About Zebra Technologies

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.