Net Worth Advisory Group Makes New $642,000 Investment in Zebra Technologies Co. (NASDAQ:ZBRA)

Net Worth Advisory Group acquired a new stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,732 shares of the industrial products company's stock, valued at approximately $642,000.

Other hedge funds also recently bought and sold shares of the company. V Square Quantitative Management LLC grew its position in Zebra Technologies by 9.6% during the third quarter. V Square Quantitative Management LLC now owns 846 shares of the industrial products company's stock worth $313,000 after buying an additional 74 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Zebra Technologies by 1.7% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,184 shares of the industrial products company's stock worth $1,920,000 after purchasing an additional 89 shares in the last quarter. Bleakley Financial Group LLC increased its position in shares of Zebra Technologies by 4.0% in the third quarter. Bleakley Financial Group LLC now owns 3,364 shares of the industrial products company's stock worth $1,246,000 after purchasing an additional 129 shares during the last quarter. nVerses Capital LLC purchased a new stake in Zebra Technologies in the third quarter valued at approximately $1,000,000. Finally, Vontobel Holding Ltd. lifted its position in Zebra Technologies by 2.3% during the third quarter. Vontobel Holding Ltd. now owns 101,665 shares of the industrial products company's stock valued at $37,649,000 after purchasing an additional 2,325 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Trading Up 0.4 %

Shares of NASDAQ ZBRA traded up $1.61 during mid-day trading on Friday, hitting $375.45. The stock had a trading volume of 222,063 shares, compared to its average volume of 276,126. The business has a 50 day moving average price of $352.68 and a two-hundred day moving average price of $325.62. Zebra Technologies Co. has a 1 year low of $194.59 and a 1 year high of $380.05. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28. The firm has a market cap of $19.37 billion, a P/E ratio of 84.75 and a beta of 1.66.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, beating the consensus estimate of $2.48 by $0.70. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The company's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.24 earnings per share. On average, equities analysts anticipate that Zebra Technologies Co. will post 11.09 EPS for the current fiscal year.

Insider Transactions at Zebra Technologies

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the completion of the transaction, the insider now owns 9,694 shares in the company, valued at $3,312,342.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.06% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ZBRA shares. Redburn Atlantic raised shares of Zebra Technologies to a "strong-buy" rating in a report on Wednesday, July 31st. Barclays lifted their price target on Zebra Technologies from $314.00 to $347.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 31st. Needham & Company LLC increased their price objective on Zebra Technologies from $370.00 to $394.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Robert W. Baird raised their price objective on Zebra Technologies from $355.00 to $375.00 and gave the company an "outperform" rating in a report on Wednesday, July 31st. Finally, Stephens upped their target price on Zebra Technologies from $380.00 to $410.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Zebra Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $352.73.

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.