USA Financial Formulas Buys Shares of 2,998 Zebra Technologies Co. (NASDAQ:ZBRA)

USA Financial Formulas bought a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,998 shares of the industrial products company's stock, valued at approximately $1,158,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. 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 during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Zebra Technologies by 1.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,449,609 shares of the industrial products company's stock valued at $447,828,000 after purchasing an additional 24,058 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Zebra Technologies by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company's stock worth $459,766,000 after buying an additional 14,237 shares during the period. 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 buying an additional 89,765 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Zebra Technologies by 4.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 426,660 shares of the industrial products company's stock worth $158,001,000 after buying an additional 18,922 shares during the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Citigroup started coverage on Zebra Technologies in a research report on Tuesday. They issued a "neutral" rating and a $430.00 price objective for the company. 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 research report on Wednesday, October 30th. Needham & Company LLC boosted their target price on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Truist Financial upped their price objective on shares of Zebra Technologies from $408.00 to $409.00 and gave the company a "hold" rating in a report on Thursday. Finally, Morgan Stanley increased their price objective on shares of Zebra Technologies from $400.00 to $427.00 and gave the stock an "equal weight" rating in a research report on Tuesday, December 17th. Five investment 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 presently has an average rating of "Moderate Buy" and an average target price of $401.25.

Insiders Place Their Bets

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the business'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 transaction, the chief financial officer now owns 11,421 shares of the company's stock, valued at approximately $4,359,738.33. The trade was a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.04% of the stock is currently owned by insiders.

Zebra Technologies Stock Up 0.7 %

Shares of NASDAQ:ZBRA traded up $2.82 during mid-day trading on Thursday, hitting $403.07. 203,284 shares of the company traded hands, compared to its average volume of 365,607. The stock has a 50-day moving average price of $396.55 and a two-hundred day moving average price of $364.05. Zebra Technologies Co. has a 12-month low of $233.95 and a 12-month high of $413.43. The stock has a market cap of $20.79 billion, a P/E ratio of 54.85 and a beta of 1.64. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61.

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

Zebra Technologies 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.