Zebra Technologies Co. (NASDAQ:ZBRA) Holdings Increased by MBB Public Markets I LLC

MBB Public Markets I LLC grew its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 368.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,470 shares of the industrial products company's stock after acquiring an additional 2,730 shares during the period. MBB Public Markets I LLC's holdings in Zebra Technologies were worth $1,072,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Dark Forest Capital Management LP raised its stake in shares of Zebra Technologies by 55.0% in the 2nd quarter. Dark Forest Capital Management LP now owns 3,370 shares of the industrial products company's stock valued at $1,041,000 after acquiring an additional 1,196 shares during the period. Deerfield Management Company L.P. Series C acquired a new stake in Zebra Technologies during the 2nd quarter valued at $1,281,000. APG Asset Management US Inc. grew its holdings in Zebra Technologies by 18.8% during the 2nd quarter. APG Asset Management US Inc. now owns 89,157 shares of the industrial products company's stock valued at $27,301,000 after purchasing an additional 14,102 shares in the last quarter. AXA S.A. grew its holdings in Zebra Technologies by 62.3% during the 2nd quarter. AXA S.A. now owns 277,864 shares of the industrial products company's stock valued at $85,841,000 after purchasing an additional 106,630 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Zebra Technologies during the 2nd quarter valued at $27,000. Hedge funds and other institutional investors own 91.03% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ZBRA. TD Cowen raised their price target on shares of Zebra Technologies from $375.00 to $380.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Barclays raised their price target on shares of Zebra Technologies from $314.00 to $347.00 and gave the company an "equal weight" rating in a report on Wednesday, July 31st. Needham & Company LLC raised their price target on shares of Zebra Technologies from $370.00 to $394.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Vertical Research began coverage on shares of Zebra Technologies in a report on Tuesday, July 23rd. They set a "buy" rating and a $375.00 price target for the company. Finally, BNP Paribas raised shares of Zebra Technologies from an "underperform" rating to a "neutral" rating and raised their price target for the company from $258.00 to $305.00 in a report on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $349.64.

Insider Transactions at Zebra Technologies

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $341.69, for a total value of $341,690.00. Following the sale, the insider now directly owns 9,694 shares in the company, valued at approximately $3,312,342.86. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.06% of the company's stock.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock traded down $6.02 during trading hours on Tuesday, reaching $364.30. The company's stock had a trading volume of 359,553 shares, compared to its average volume of 357,837. The company's 50 day simple moving average is $340.69 and its 200 day simple moving average is $317.99. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28. Zebra Technologies Co. has a one year low of $194.59 and a one year high of $375.88. The stock has a market cap of $18.79 billion, a P/E ratio of 73.38 and a beta of 1.65.

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

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.