Zebra Technologies Co. (NASDAQ:ZBRA) Shares Bought by State Street Corp

State Street Corp lifted its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 3.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,149,839 shares of the industrial products company's stock after purchasing an additional 70,771 shares during the period. State Street Corp owned about 4.17% of Zebra Technologies worth $796,128,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Concord Wealth Partners acquired a new stake in Zebra Technologies during the 3rd quarter worth $30,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Zebra Technologies during the second quarter worth about $27,000. Farmers & Merchants Investments Inc. increased its position 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 valued at $30,000 after acquiring an additional 63 shares during the period. Transcendent Capital Group LLC purchased a new stake in Zebra Technologies during the 2nd quarter valued at approximately $32,000. Finally, Blue Trust Inc. lifted its position in Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company's stock worth $43,000 after acquiring an additional 67 shares during the period. 91.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Morgan Stanley raised shares of Zebra Technologies from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $305.00 to $400.00 in a research report on Monday, December 2nd. Barclays upped their target price on Zebra Technologies from $347.00 to $407.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. TD Cowen raised their target price on Zebra Technologies from $380.00 to $425.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Robert W. Baird upped their price target on Zebra Technologies from $380.00 to $415.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Finally, Truist Financial reiterated a "hold" rating and set a $383.00 price objective (up previously from $379.00) on shares of Zebra Technologies in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $393.82.

Insiders Place Their Bets

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the firm's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the sale, the chief financial officer now directly owns 11,421 shares in the company, valued at approximately $4,359,738.33. This trade represents a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.06% of the stock is owned by corporate insiders.

Zebra Technologies Stock Up 1.1 %

Shares of Zebra Technologies stock traded up $4.34 during trading on Friday, reaching $409.32. The company had a trading volume of 222,836 shares, compared to its average volume of 311,141. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. Zebra Technologies Co. has a fifty-two week low of $232.29 and a fifty-two week high of $413.27. The firm's fifty day moving average is $384.73 and its 200-day moving average is $347.33. The company has a market cap of $21.11 billion, a price-to-earnings ratio of 55.69 and a beta of 1.63.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter in the prior year, the firm posted $0.57 earnings per share. Zebra Technologies's revenue for the quarter was up 31.3% compared to the same quarter last year. On average, analysts anticipate that Zebra Technologies Co. will post 12.4 EPS for the current year.

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.