Zebra Technologies Co. (NASDAQ:ZBRA) Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC lifted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 20.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,840 shares of the industrial products company's stock after buying an additional 1,481 shares during the quarter. Park Avenue Securities LLC's holdings in Zebra Technologies were worth $3,414,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC increased its stake in Zebra Technologies by 2,423.5% during the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company's stock worth $102,189,000 after buying an additional 265,014 shares during the period. AXA S.A. grew its stake in shares of Zebra Technologies by 62.3% during the second quarter. AXA S.A. now owns 277,864 shares of the industrial products company's stock valued at $85,841,000 after acquiring an additional 106,630 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Zebra Technologies by 11.0% during the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company's stock worth $335,905,000 after acquiring an additional 89,765 shares during the last quarter. State Street Corp lifted its stake in shares of Zebra Technologies by 3.4% in the third quarter. State Street Corp now owns 2,149,839 shares of the industrial products company's stock worth $796,128,000 after acquiring an additional 70,771 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Zebra Technologies by 94.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company's stock valued at $52,922,000 after purchasing an additional 69,549 shares during the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on ZBRA. StockNews.com raised Zebra Technologies from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st. TD Cowen upped their price target on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. UBS Group raised their price objective on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Truist Financial boosted their target price on shares of Zebra Technologies from $408.00 to $409.00 and gave the stock a "hold" rating in a research report on Thursday. Finally, Citigroup started coverage on shares of Zebra Technologies in a research report on Tuesday. They set a "neutral" rating and a $430.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $401.25.

Zebra Technologies Stock Performance

NASDAQ ZBRA traded up $3.46 during trading hours on Friday, hitting $406.18. The company had a trading volume of 102,429 shares, compared to its average volume of 352,348. Zebra Technologies Co. has a fifty-two week low of $233.95 and a fifty-two week high of $413.43. The firm has a market cap of $20.95 billion, a P/E ratio of 55.26 and a beta of 1.64. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The business has a fifty day simple moving average of $396.66 and a 200-day simple moving average of $364.32.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping analysts' consensus estimates of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The business had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter last year, the company earned $0.57 EPS. The company's revenue for the quarter was up 31.3% compared to the same quarter last year. Equities analysts predict that Zebra Technologies Co. will post 11.8 EPS for the current year.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the sale, the chief financial officer now owns 11,421 shares of the company's stock, valued at $4,359,738.33. The trade was a 13.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.04% of the company's stock.

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.