3,624 Shares in Zebra Technologies Co. (NASDAQ:ZBRA) Bought by Tealwood Asset Management Inc.

Tealwood Asset Management Inc. purchased a new stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,624 shares of the industrial products company's stock, valued at approximately $1,342,000.

A number of other hedge funds also recently bought and sold shares of the stock. Cascade Investment Advisors Inc. raised its position in Zebra Technologies by 0.7% in the 3rd quarter. Cascade Investment Advisors Inc. now owns 4,387 shares of the industrial products company's stock valued at $1,625,000 after purchasing an additional 30 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in Zebra Technologies by 38.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 33 shares in the last quarter. Fifth Third Bancorp raised its position in Zebra Technologies by 1.2% in the 2nd quarter. Fifth Third Bancorp now owns 3,038 shares of the industrial products company's stock valued at $939,000 after purchasing an additional 36 shares in the last quarter. Signaturefd LLC raised its position in Zebra Technologies by 8.0% in the 2nd quarter. Signaturefd LLC now owns 512 shares of the industrial products company's stock valued at $158,000 after purchasing an additional 38 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in Zebra Technologies by 15.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 292 shares of the industrial products company's stock valued at $90,000 after purchasing an additional 38 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. TD Cowen raised their target price on Zebra Technologies from $375.00 to $380.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Stephens raised their target price on Zebra Technologies from $380.00 to $410.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. Truist Financial reissued a "hold" rating and set a $345.00 target price (up previously from $315.00) on shares of Zebra Technologies in a research report on Wednesday, July 31st. Robert W. Baird raised their target price on Zebra Technologies from $355.00 to $375.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 31st. Finally, BNP Paribas upgraded Zebra Technologies from an "underperform" rating to a "neutral" rating and raised their price target for the stock from $258.00 to $305.00 in a research note on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $349.64.

Insider Activity at Zebra Technologies

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.06% of the company's stock.

Zebra Technologies Stock Performance

Shares of ZBRA stock traded up $3.73 during midday trading on Tuesday, hitting $368.97. The company had a trading volume of 234,498 shares, compared to its average volume of 355,344. The company's 50 day simple moving average is $344.49 and its 200 day simple moving average is $320.75. Zebra Technologies Co. has a 52-week low of $194.59 and a 52-week high of $375.88. The stock has a market cap of $19.03 billion, a price-to-earnings ratio of 72.47 and a beta of 1.66. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.84.

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, beating 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 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 business posted $3.24 EPS. The company's revenue was up .2% on a year-over-year basis. Research analysts anticipate that Zebra Technologies Co. will post 11.12 earnings per share 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.