Jade Capital Advisors LLC increased its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 50.0% during the third quarter, according to its most recent filing with the SEC. The fund owned 7,500 shares of the industrial products company's stock after buying an additional 2,500 shares during the quarter. Zebra Technologies accounts for approximately 1.7% of Jade Capital Advisors LLC's portfolio, making the stock its 17th largest holding. Jade Capital Advisors LLC's holdings in Zebra Technologies were worth $2,777,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new stake in Zebra Technologies in the 1st quarter valued at about $60,000. Strategic Planning Group LLC increased its position in shares of Zebra Technologies by 8.7% during the first quarter. Strategic Planning Group LLC now owns 2,218 shares of the industrial products company's stock valued at $669,000 after buying an additional 178 shares during the period. Sound Income Strategies LLC bought a new stake in shares of Zebra Technologies during the first quarter valued at about $84,000. Revolve Wealth Partners LLC bought a new stake in shares of Zebra Technologies during the first quarter valued at about $212,000. Finally, Wealthcare Advisory Partners LLC bought a new stake in shares of Zebra Technologies during the first quarter valued at about $1,272,000. 91.03% of the stock is owned by hedge funds and other institutional investors.
Zebra Technologies Trading Down 0.2 %
Shares of NASDAQ:ZBRA traded down $0.59 during trading on Tuesday, reaching $372.00. 187,989 shares of the company traded hands, compared to its average volume of 349,936. The firm has a market capitalization of $19.19 billion, a price-to-earnings ratio of 84.11 and a beta of 1.66. Zebra Technologies Co. has a 52-week low of $194.59 and a 52-week high of $380.05. 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 business's fifty day moving average is $353.73 and its 200-day moving average is $326.18.
Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share 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 firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the firm posted $3.24 earnings per share. The business's quarterly revenue was up .2% compared to the same quarter last year. As a group, analysts forecast that Zebra Technologies Co. will post 11.09 EPS for the current year.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Robert W. Baird upped their price target on Zebra Technologies from $355.00 to $375.00 and gave the company an "outperform" rating in a research report on Wednesday, July 31st. TD Cowen upped their price objective 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. Needham & Company LLC upped their price objective on shares of Zebra Technologies from $370.00 to $394.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Stephens upped 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 price objective on shares of Zebra Technologies from $314.00 to $347.00 and gave the stock an "equal weight" rating in a research 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 given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $352.73.
Read Our Latest Stock Report on ZBRA
Insider Buying and Selling
In related 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 completion of the sale, the insider now owns 9,694 shares of the company's stock, valued at $3,312,342.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.06% of the stock is currently owned by insiders.
Zebra Technologies Profile
(
Free Report)
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.
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