Park Avenue Securities LLC Has $2.73 Million Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Park Avenue Securities LLC trimmed its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 16.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,359 shares of the industrial products company's stock after selling 1,429 shares during the period. Park Avenue Securities LLC's holdings in Zebra Technologies were worth $2,725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in ZBRA. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Zebra Technologies during the 2nd quarter worth approximately $27,000. Farmers & Merchants Investments Inc. lifted its stake in Zebra Technologies by 185.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company's stock worth $30,000 after acquiring an additional 63 shares in the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Zebra Technologies during the second quarter worth $32,000. BOK Financial Private Wealth Inc. acquired a new stake in Zebra Technologies in the first quarter valued at approximately $36,000. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in Zebra Technologies by 38.8% during the 2nd 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. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Trading Up 0.8 %

NASDAQ ZBRA traded up $2.83 during trading hours on Friday, hitting $366.72. The company's stock had a trading volume of 217,094 shares, compared to its average volume of 356,426. Zebra Technologies Co. has a twelve month low of $194.59 and a twelve month high of $375.88. 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 capitalization of $18.86 billion, a P/E ratio of 72.76 and a beta of 1.66. The stock has a fifty day moving average of $343.89 and a 200 day moving average of $320.25.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ZBRA shares. Truist Financial reissued a "hold" rating and set a $345.00 price target (up previously from $315.00) on shares of Zebra Technologies in a report on Wednesday, July 31st. TD Cowen upped their target price on Zebra Technologies from $375.00 to $380.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Robert W. Baird lifted their target price on shares of Zebra Technologies from $355.00 to $375.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 31st. Stephens increased their price objective on shares of Zebra Technologies from $380.00 to $410.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. Finally, Barclays upped their target price on shares of Zebra Technologies from $314.00 to $347.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $349.64.

Insiders Place Their Bets

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the business's stock in a transaction dated Thursday, August 15th. The stock was 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 $3,312,342.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.06% of the company's stock.

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.