Versor Investments LP bought a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,730 shares of the industrial products company's stock, valued at approximately $1,752,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sequoia Financial Advisors LLC purchased a new position in Zebra Technologies in the third quarter valued at about $247,000. SG Americas Securities LLC grew its holdings in Zebra Technologies by 105.5% during the first quarter. SG Americas Securities LLC now owns 15,300 shares of the industrial products company's stock valued at $4,612,000 after purchasing an additional 7,853 shares during the period. Tidal Investments LLC increased its position in Zebra Technologies by 172.3% in the first quarter. Tidal Investments LLC now owns 3,828 shares of the industrial products company's stock worth $1,154,000 after buying an additional 2,422 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of Zebra Technologies by 23.0% in the second quarter. Park Avenue Securities LLC now owns 8,788 shares of the industrial products company's stock valued at $2,715,000 after buying an additional 1,643 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of Zebra Technologies by 24.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,290 shares of the industrial products company's stock valued at $4,724,000 after buying an additional 2,979 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.
Insider Buying and Selling at Zebra Technologies
In related news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value of $701,238.01. Following the sale, the chief financial officer now owns 11,421 shares in the company, valued at $4,359,738.33. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the completion of the transaction, the insider now owns 9,694 shares in the company, valued at approximately $3,312,342.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Nathan Andrew Winters sold 1,837 shares of the business's stock in a transaction on Thursday, October 31st. The shares were 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 in the company, valued at approximately $4,359,738.33. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.06% of the company's stock.
Zebra Technologies Price Performance
ZBRA stock traded up $3.85 during mid-day trading on Monday, hitting $403.16. 334,654 shares of the stock were exchanged, compared to its average volume of 362,786. The stock has a market capitalization of $20.79 billion, a price-to-earnings ratio of 54.80 and a beta of 1.64. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. Zebra Technologies Co. has a 12 month low of $202.01 and a 12 month high of $404.69. The business has a fifty day moving average price of $363.72 and a 200 day moving average price of $335.48.
Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, topping the consensus estimate of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the firm posted $0.57 earnings per share. The business's revenue was up 31.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Zebra Technologies Co. will post 12.4 EPS for the current year.
Analyst Ratings Changes
Several brokerages recently weighed in on ZBRA. Needham & Company LLC lifted their price objective on Zebra Technologies from $394.00 to $430.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Robert W. Baird upped their price target on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Vertical Research began coverage on shares of Zebra Technologies in a research note on Tuesday, July 23rd. They issued a "buy" rating and a $375.00 price objective for the company. TD Cowen increased their target price on Zebra Technologies from $380.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Finally, Redburn Atlantic raised Zebra Technologies to a "strong-buy" rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $385.18.
View Our Latest Stock Analysis on Zebra Technologies
About Zebra Technologies
(
Free Report)
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.
Further Reading
Before you consider Zebra Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Zebra Technologies wasn't on the list.
While Zebra Technologies currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
