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XTX Topco Ltd Acquires Shares of 3,601 Zebra Technologies Co. (NASDAQ:ZBRA)

Zebra Technologies logo with Industrial Products background

XTX Topco Ltd purchased a new stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,601 shares of the industrial products company's stock, valued at approximately $1,334,000.

A number of other large investors have also recently added to or reduced their stakes in ZBRA. Concord Wealth Partners acquired a new stake in Zebra Technologies in the third quarter valued at $30,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Zebra Technologies in the 2nd quarter valued at approximately $27,000. Farmers & Merchants Investments Inc. lifted its stake in Zebra Technologies by 185.3% during the second 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 during the last quarter. Transcendent Capital Group LLC acquired a new position in Zebra Technologies during the 2nd quarter worth approximately $32,000. Finally, Blue Trust Inc. boosted its stake in shares of Zebra Technologies by 136.7% during the third quarter. Blue Trust Inc. now owns 116 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 67 shares in the last quarter. Institutional investors own 91.03% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. StockNews.com raised shares of Zebra Technologies from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st. Robert W. Baird increased their target price on Zebra Technologies from $380.00 to $415.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Needham & Company LLC boosted 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. UBS Group increased their target price on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Finally, Barclays lifted their target price on Zebra Technologies from $347.00 to $407.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Zebra Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $393.82.

Read Our Latest Report on Zebra Technologies

Insider Buying and Selling

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the sale, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. This represents a 13.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.04% of the stock is currently owned by corporate insiders.

Zebra Technologies Price Performance

NASDAQ ZBRA traded up $1.91 on Monday, hitting $411.23. The stock had a trading volume of 259,578 shares, compared to its average volume of 359,145. The company has a market capitalization of $21.21 billion, a price-to-earnings ratio of 55.95 and a beta of 1.64. Zebra Technologies Co. has a 52-week low of $233.95 and a 52-week high of $413.43. The firm has a 50-day moving average of $385.55 and a 200-day moving average of $348.09. 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 (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS 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 during the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter in the previous year, the company earned $0.57 EPS. The business's quarterly revenue was up 31.3% compared to the same quarter last year. Equities analysts expect that Zebra Technologies Co. will post 12.4 EPS for the current year.

Zebra Technologies Profile

(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.

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Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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