Diversified Trust Co Purchases Shares of 1,385 Zebra Technologies Co. (NASDAQ:ZBRA)

Diversified Trust Co acquired a new stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,385 shares of the industrial products company's stock, valued at approximately $513,000.

Several other institutional investors have also added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Zebra Technologies in the second quarter valued at approximately $27,000. Farmers & Merchants Investments Inc. raised its position in shares of Zebra Technologies by 185.3% in 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 stake in Zebra Technologies during the second quarter valued at $32,000. BOK Financial Private Wealth Inc. bought a new position in Zebra Technologies in the 1st quarter worth about $36,000. Finally, Massmutual Trust Co. FSB ADV increased its stake 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 worth $36,000 after acquiring an additional 33 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ZBRA. Vertical Research began coverage on Zebra Technologies in a report on Tuesday, July 23rd. They set a "buy" rating and a $375.00 price objective for the company. Truist Financial increased their price target on shares of Zebra Technologies from $345.00 to $379.00 and gave the stock a "hold" rating in a report on Wednesday. TD Cowen upped their target price on shares of Zebra Technologies from $375.00 to $380.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. BNP Paribas upgraded 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 research report on Thursday, June 13th. Finally, Needham & Company LLC upped their price objective on Zebra Technologies from $370.00 to $394.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Zebra Technologies has an average rating of "Moderate Buy" and an average price target of $352.73.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the company's 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 owns 9,694 shares in the company, valued at approximately $3,312,342.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.06% of the company's stock.

Zebra Technologies Trading Up 1.6 %

NASDAQ ZBRA traded up $5.78 during trading on Friday, hitting $375.02. The company had a trading volume of 215,425 shares, compared to its average volume of 354,259. Zebra Technologies Co. has a one year low of $194.59 and a one year high of $376.59. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. The company's fifty day moving average is $345.89 and its 200-day moving average is $321.99. The company has a market cap of $19.28 billion, a price-to-earnings ratio of 74.41 and a beta of 1.66.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.18 billion. During the same period in the previous year, the firm posted $3.24 EPS. The business's revenue was up .2% on a year-over-year basis. On average, sell-side analysts predict that Zebra Technologies Co. will post 11.12 earnings per share for the current 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.