SG Americas Securities LLC Buys 59,332 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

SG Americas Securities LLC boosted its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 556.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,004 shares of the industrial products company's stock after purchasing an additional 59,332 shares during the period. SG Americas Securities LLC owned about 0.14% of Zebra Technologies worth $25,924,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norden Group LLC purchased a new position in shares of Zebra Technologies during the first quarter valued at about $2,108,000. Pinebridge Investments L.P. lifted its stake in shares of Zebra Technologies by 72.0% in the 4th quarter. Pinebridge Investments L.P. now owns 21,569 shares of the industrial products company's stock valued at $5,896,000 after purchasing an additional 9,032 shares during the period. Okabena Investment Services Inc. boosted its position in shares of Zebra Technologies by 6,195.6% during the fourth quarter. Okabena Investment Services Inc. now owns 2,833 shares of the industrial products company's stock valued at $774,000 after purchasing an additional 2,788 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new stake in Zebra Technologies in the first quarter worth $1,272,000. Finally, Morningstar Investment Services LLC raised its holdings in Zebra Technologies by 92.3% in the fourth quarter. Morningstar Investment Services LLC now owns 79,611 shares of the industrial products company's stock worth $21,921,000 after purchasing an additional 38,207 shares in the last quarter. Institutional investors own 91.03% of the company's stock.

Zebra Technologies Stock Up 0.8 %

Shares of Zebra Technologies stock traded up $2.83 on Friday, reaching $366.72. The company's stock had a trading volume of 216,890 shares, compared to its average volume of 356,426. The company has a market capitalization of $18.86 billion, a price-to-earnings ratio of 72.20 and a beta of 1.66. 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 Co. has a 52 week low of $194.59 and a 52 week high of $375.88. The firm's fifty day simple moving average is $343.07 and its two-hundred day simple moving average is $319.21.

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

Analyst Ratings Changes

A number of brokerages have recently commented on ZBRA. TD Cowen boosted their target price 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. Stephens boosted their price objective on shares of Zebra Technologies from $380.00 to $410.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. Redburn Atlantic raised shares of Zebra Technologies to a "strong-buy" rating in a research note on Wednesday, July 31st. Truist Financial reissued a "hold" rating and issued a $345.00 price target (up from $315.00) on shares of Zebra Technologies in a research report on Wednesday, July 31st. Finally, Vertical Research began coverage on Zebra Technologies in a research note on Tuesday, July 23rd. They issued a "buy" rating and a $375.00 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $349.64.

Insider Activity at Zebra Technologies

In other 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 value of $341,690.00. Following the transaction, the insider now directly owns 9,694 shares in the company, valued at $3,312,342.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.06% of the stock is owned by insiders.

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.