Greenleaf Trust Acquires 2,230 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Greenleaf Trust increased its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 271.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,052 shares of the industrial products company's stock after purchasing an additional 2,230 shares during the quarter. Greenleaf Trust's holdings in Zebra Technologies were worth $1,130,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sound Income Strategies LLC bought a new position in shares of Zebra Technologies during the first quarter valued at $84,000. Wealthcare Advisory Partners LLC bought a new position in shares of Zebra Technologies during the first quarter valued at $1,272,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Zebra Technologies by 2.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,551 shares of the industrial products company's stock valued at $1,975,000 after acquiring an additional 153 shares during the period. Thrive Wealth Management LLC bought a new position in shares of Zebra Technologies during the first quarter valued at $235,000. Finally, Artemis Investment Management LLP bought a new position in shares of Zebra Technologies during the first quarter valued at $18,353,000. 91.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ZBRA has been the subject of a number of analyst reports. Stephens lifted their price objective on Zebra Technologies from $380.00 to $410.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. Needham & Company LLC raised their target price on Zebra Technologies from $370.00 to $394.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Redburn Atlantic upgraded Zebra Technologies to a "strong-buy" rating in a research note on Wednesday, July 31st. Truist Financial raised their target price on Zebra Technologies from $345.00 to $379.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Finally, Robert W. Baird raised their target price on Zebra Technologies from $355.00 to $375.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st. 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 issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $352.73.

Insider Transactions at Zebra Technologies

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 transaction of $341,690.00. Following the completion of the transaction, the insider now directly owns 9,694 shares in the company, valued at approximately $3,312,342.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.06% of the company's stock.

Zebra Technologies Trading Down 0.5 %

ZBRA stock traded down $1.96 during midday trading on Friday, reaching $360.09. The stock had a trading volume of 473,360 shares, compared to its average volume of 350,089. The business has a fifty day simple moving average of $355.60 and a two-hundred day simple moving average of $327.28. 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 cap of $18.57 billion, a price-to-earnings ratio of 81.73 and a beta of 1.66. Zebra Technologies Co. has a twelve month low of $194.59 and a twelve month high of $380.05.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, topping analysts' consensus estimates of $2.48 by $0.70. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The company's revenue was up .2% on a year-over-year basis. During the same period last year, the company earned $3.24 earnings per share. As a group, research analysts expect that Zebra Technologies Co. will post 11.09 EPS for the current fiscal year.

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.