Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Acquires New Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,513 shares of the industrial products company's stock, valued at approximately $4,892,000.

Other hedge funds have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Zebra Technologies in the second quarter valued at about $27,000. Farmers & Merchants Investments Inc. boosted its stake in Zebra Technologies by 185.3% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company's stock worth $30,000 after purchasing an additional 63 shares in the last quarter. Concord Wealth Partners purchased a new stake in Zebra Technologies during the 3rd quarter worth approximately $30,000. Transcendent Capital Group LLC acquired a new position in Zebra Technologies during the 2nd quarter valued at approximately $32,000. Finally, BOK Financial Private Wealth Inc. purchased a new position in shares of Zebra Technologies in the first quarter worth $36,000. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the business'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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.04% of the stock is owned by company insiders.

Zebra Technologies Price Performance

Shares of Zebra Technologies stock traded down $0.66 on Wednesday, reaching $384.02. The company's stock had a trading volume of 838,657 shares, compared to its average volume of 358,772. Zebra Technologies Co. has a 52-week low of $194.59 and a 52-week high of $394.57. The company has a market capitalization of $19.81 billion, a P/E ratio of 86.79 and a beta of 1.66. 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 stock has a 50-day moving average price of $357.05 and a 200-day moving average price of $329.20.

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 (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.70. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The business 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 firm posted $3.24 earnings per share. The company's revenue was up .2% compared to the same quarter last year. Analysts expect that Zebra Technologies Co. will post 11.09 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. TD Cowen upped their target price on Zebra Technologies from $380.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday. Redburn Atlantic raised Zebra Technologies to a "strong-buy" rating in a report on Wednesday, July 31st. Barclays raised their price target 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. Vertical Research began coverage on shares of Zebra Technologies in a report on Tuesday, July 23rd. They issued a "buy" rating and a $375.00 price objective on the stock. Finally, Robert W. Baird boosted their target price on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an "outperform" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $379.73.

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.